Corebridge Financial (CRBG) Set to Announce Earnings on Friday

Corebridge Financial (NYSE:CRBG) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Corebridge Financial (NYSE:CRBG) last announced its earnings results on Thursday, February 15th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.99 by $0.05. Corebridge Financial had a net margin of 5.92% and a return on equity of 23.11%. The company had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts expect Corebridge Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Corebridge Financial Trading Up 0.8 %

Shares of CRBG stock opened at $26.76 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.14 and a current ratio of 0.14. The business’s fifty day moving average is $26.48 and its 200 day moving average is $23.60. The company has a market capitalization of $16.66 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 0.31 and a beta of 0.86. Corebridge Financial has a 52-week low of $14.91 and a 52-week high of $29.40.

Corebridge Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.92 annualized dividend and a yield of 3.44%. Corebridge Financial’s dividend payout ratio (DPR) is 54.44%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group upped their target price on Corebridge Financial from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Piper Sandler raised their price target on Corebridge Financial from $30.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Evercore ISI lifted their price target on Corebridge Financial from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 target price on shares of Corebridge Financial in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Corebridge Financial from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.08.

About Corebridge Financial

Corebridge Financial, Inc provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds.