FGL (FG) Releases Earnings Results, Beats Expectations By $0.01 EPS
FGL (NYSE:FG) posted its earnings results on Thursday. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01, Briefing.com reports. The company had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $349.58 million. FGL had a net margin of 6.09% and a return on equity of 10.97%. FGL’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS.
Shares of FGL stock opened at $7.89 on Friday. FGL has a twelve month low of $7.54 and a twelve month high of $10.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.20 and a current ratio of 0.20.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of FGL from a “sell” rating to a “hold” rating in a research note on Friday. TheStreet upgraded shares of FGL from an “e+” rating to a “c” rating in a research note on Thursday. ValuEngine upgraded shares of FGL from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Royal Bank of Canada assumed coverage on shares of FGL in a research note on Tuesday, July 17th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Credit Suisse Group cut their target price on shares of FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.45.
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FGL Company Profile
FGL Holdings, through its subsidiaries, sells individual life insurance products and annuities in the United States. The company offers deferred annuities, including fixed indexed annuity contracts and fixed rate annuity contracts; immediate annuities; and life insurance products. It also provides life and annuity reinsurance services, such as reinsurance on asset intensive, long duration life, and annuity liabilities.
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