Federated National Holding Company (NASDAQ:FNHC) Posts Earnings Results, Misses Estimates By $0.12 EPS
Federated National Holding Company (NASDAQ:FNHC) announced its quarterly earnings data on Monday. The insurance provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.12, reports. Federated National Holding had a negative net margin of 1.94% and a negative return on equity of 2.61%.
Federated National Holding (NASDAQ FNHC) traded up 0.84% on Monday, reaching $15.68. 30,468 shares of the company’s stock traded hands. Federated National Holding has a 52 week low of $14.03 and a 52 week high of $21.19. The stock has a 50-day moving average of $15.85 and a 200 day moving average of $17.07. The firm’s market capitalization is $216.98 million.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, July 28th. Federated National Holding’s dividend payout ratio (DPR) is presently -65.31%.
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About Federated National Holding
Federated National Holding Company (FNHC) is an insurance holding company that controls all steps in the insurance underwriting, distribution and claims processes through its subsidiaries and its contractual relationships with its independent agents and general agents. The Company is authorized to underwrite homeowners’ multi-peril (homeowners), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states.
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