Hippo (HIPO) Set to Announce Quarterly Earnings on Thursday

Hippo (NYSE:HIPO) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($1.41) per share for the quarter. Hippo has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Hippo (NYSE:HIPO) last announced its earnings results on Wednesday, March 6th. The company reported ($1.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.04) by $0.28. Hippo had a negative return on equity of 61.14% and a negative net margin of 130.19%. The firm had revenue of $64.50 million for the quarter, compared to the consensus estimate of $57.00 million. On average, analysts expect Hippo to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Hippo Stock Up 0.8 %

Shares of NYSE HIPO opened at $21.99 on Tuesday. Hippo has a twelve month low of $6.64 and a twelve month high of $25.49. The stock’s 50 day moving average price is $18.40 and its 200-day moving average price is $12.15. The company has a market capitalization of $534.58 million, a PE ratio of -1.89 and a beta of 1.57.

Insider Activity at Hippo

In other Hippo news, CAO Anirudh Badia sold 1,735 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the sale, the chief accounting officer now directly owns 122,454 shares in the company, valued at $2,251,929.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Anirudh Badia sold 1,735 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the sale, the chief accounting officer now directly owns 122,454 shares in the company, valued at $2,251,929.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Yuval Harry sold 14,938 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $17.20, for a total transaction of $256,933.60. Following the sale, the executive now owns 145,162 shares of the company’s stock, valued at $2,496,786.40. The disclosure for this sale can be found here. 11.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of Hippo in a report on Monday, April 15th.

About Hippo

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.