MBIA (MBI) Scheduled to Post Quarterly Earnings on Thursday

MBIA (NYSE:MBI) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

MBIA (NYSE:MBI) last issued its earnings results on Wednesday, February 28th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.20). The firm had revenue of ($31.00) million for the quarter, compared to the consensus estimate of $32.00 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, analysts expect MBIA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MBIA Price Performance

MBI opened at $6.65 on Wednesday. MBIA has a fifty-two week low of $5.21 and a fifty-two week high of $14.37. The company has a market cap of $341.01 million, a price-to-earnings ratio of -0.65 and a beta of 1.47. The firm has a 50 day simple moving average of $6.49 and a 200 day simple moving average of $7.13.

Analyst Ratings Changes

Several research analysts have recently issued reports on MBI shares. Keefe, Bruyette & Woods reduced their price target on MBIA from $9.00 to $7.50 and set a “market perform” rating on the stock in a research report on Monday, April 1st. StockNews.com raised MBIA to a “sell” rating in a research note on Friday, February 23rd.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.