Hagerty (HGTY) Set to Announce Earnings on Tuesday

Hagerty (NYSE:HGTY) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Hagerty to post earnings of $0.03 per share for the quarter. Hagerty has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Hagerty (NYSE:HGTY) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $245.04 million during the quarter, compared to analysts’ expectations of $245.17 million. Hagerty had a return on equity of 4.53% and a net margin of 1.84%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Trading Down 0.3 %

NYSE:HGTY opened at $8.92 on Friday. The stock has a 50-day simple moving average of $8.85 and a 200-day simple moving average of $8.40. The stock has a market cap of $2.99 billion, a P/E ratio of 127.86 and a beta of 0.77. Hagerty has a 1 year low of $7.52 and a 1 year high of $10.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 1.48.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on Hagerty in a research report on Thursday, January 11th. They issued a “neutral” rating and a $9.00 target price for the company.

Insider Activity at Hagerty

In related news, Director Robert I. Kauffman sold 2,848 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $9.08, for a total value of $25,859.84. Following the completion of the sale, the director now directly owns 3,447,059 shares of the company’s stock, valued at approximately $31,299,295.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Hagerty news, Director Robert I. Kauffman sold 2,848 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $9.08, for a total transaction of $25,859.84. Following the completion of the sale, the director now directly owns 3,447,059 shares of the company’s stock, valued at approximately $31,299,295.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert I. Kauffman sold 3,465 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $9.02, for a total value of $31,254.30. Following the sale, the director now directly owns 3,424,072 shares of the company’s stock, valued at $30,885,129.44. The disclosure for this sale can be found here. Insiders sold a total of 17,943 shares of company stock valued at $162,121 in the last three months. 17.90% of the stock is currently owned by company insiders.

About Hagerty

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.