Federated National (NASDAQ:FNHC) Announces Quarterly Earnings Results

Federated National (NASDAQ:FNHC) released its earnings results on Tuesday. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.07), Fidelity Earnings reports. Federated National had a negative net margin of 0.35% and a positive return on equity of 0.93%. The firm had revenue of $96.17 million during the quarter, compared to the consensus estimate of $103.01 million.

Shares of Federated National stock traded up $0.05 during midday trading on Friday, hitting $14.27. 1,796 shares of the company traded hands, compared to its average volume of 50,199. The stock has a market cap of $188.56 million, a price-to-earnings ratio of 10.19 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s fifty day moving average price is $14.07 and its 200-day moving average price is $13.90. Federated National has a 12 month low of $11.18 and a 12 month high of $23.58.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.09 dividend. This is a positive change from Federated National’s previous quarterly dividend of $0.05. This represents a $0.36 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, November 14th. Federated National’s dividend payout ratio (DPR) is currently 22.86%.

Several equities analysts have commented on the stock. ValuEngine lowered shares of Federated National from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research raised shares of Federated National from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, October 16th.

About Federated National

FedNat Holding Company, through its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in the United States. The company is involved in the homeowners, and fire property and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

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Earnings History for Federated National (NASDAQ:FNHC)

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