United Insurance Holdings Corp (UIHC) Expected to Announce Earnings of -$0.03 Per Share

Wall Street brokerages expect United Insurance Holdings Corp (NASDAQ:UIHC) to report earnings per share of ($0.03) for the current quarter, according to Zacks. Two analysts have issued estimates for United Insurance’s earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at ($0.16). United Insurance reported earnings per share of $0.77 in the same quarter last year, which would suggest a negative year over year growth rate of 103.9%. The company is scheduled to issue its next earnings report on Wednesday, February 20th.

On average, analysts expect that United Insurance will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.50. For the next financial year, analysts expect that the firm will report earnings of $1.85 per share, with EPS estimates ranging from $1.55 to $2.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover United Insurance.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings data on Thursday, November 1st. The insurance provider reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.40). The business had revenue of $181.99 million during the quarter, compared to analyst estimates of $174.94 million. United Insurance had a return on equity of 9.33% and a net margin of 5.23%.

A number of analysts have recently weighed in on UIHC shares. Wells Fargo & Co reiterated a “buy” rating and issued a $22.00 price objective on shares of United Insurance in a research note on Friday, November 2nd. BidaskClub upgraded shares of United Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 27th. Zacks Investment Research raised shares of United Insurance from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Saturday, September 22nd. Finally, Keefe, Bruyette & Woods downgraded shares of United Insurance from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $23.00 to $18.00 in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in United Insurance during the second quarter worth $101,000. Louisiana State Employees Retirement System purchased a new stake in United Insurance during the third quarter worth $210,000. Wealth Alliance Advisory Group LLC purchased a new stake in United Insurance during the third quarter worth $212,000. Virtu Financial LLC purchased a new stake in United Insurance during the third quarter worth $263,000. Finally, MetLife Investment Advisors LLC boosted its holdings in United Insurance by 62.9% during the third quarter. MetLife Investment Advisors LLC now owns 14,099 shares of the insurance provider’s stock worth $316,000 after buying an additional 5,445 shares in the last quarter. 34.37% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:UIHC opened at $18.33 on Monday. The firm has a market capitalization of $806.39 million, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.50 and a beta of 1.67. United Insurance has a 1-year low of $16.20 and a 1-year high of $22.43.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Investors of record on Tuesday, November 20th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Monday, November 19th. United Insurance’s dividend payout ratio (DPR) is presently 25.81%.

United Insurance Company Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.

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