Corebridge Financial (CRBG) Scheduled to Post Quarterly Earnings on Friday

Corebridge Financial (NYSE:CRBG) is scheduled to issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Corebridge Financial (NYSE:CRBG) last announced its earnings results on Thursday, February 15th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.99 by $0.05. Corebridge Financial had a return on equity of 23.11% and a net margin of 5.92%. The business had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business posted $0.88 earnings per share. Corebridge Financial’s revenue was up 11.3% compared to the same quarter last year. On average, analysts expect Corebridge Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Corebridge Financial Trading Down 1.8 %

Shares of NYSE CRBG opened at $26.68 on Friday. Corebridge Financial has a 12 month low of $14.91 and a 12 month high of $29.40. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.32 and a beta of 0.86. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $26.37 and a 200-day simple moving average of $23.41.

Corebridge Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, March 14th. Corebridge Financial’s dividend payout ratio is 54.44%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRBG shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 target price on shares of Corebridge Financial in a report on Friday, April 12th. Evercore ISI upped their price target on Corebridge Financial from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley upped their price target on Corebridge Financial from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their price target on Corebridge Financial from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Finally, UBS Group upped their price target on Corebridge Financial from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.08.

Corebridge Financial Company Profile

Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds.