FedNat Holding Company (NASDAQ:FNHC) provider of insurance underwriting services, is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 1.37 per share.
Looking ahead, the full year loss are expected at $ 3.15 per share on the revenues of $ 398.55 million.
Previous Quarter Performance
FedNat Holding Company communicated loss for the second quarter of $ 2.05 per share, from the revenue of $ 111.48 million. Street analysts expected FedNat Holding Company to report loss of $ 1.48 per share on revenue of $ 111.35 million for the second quarter. The bottom line results missed street analysts by $ 0.57 or 38.51 percent, at the same time, top line results outshined analysts by $ 0.13 million or 0.12 percent.
Stock Performance
Shares of FedNat Holding Company traded up $ 0.11 or 2.06 percent on Tuesday, reaching $ 5.45 with volume of 36.10 thousand shares. FedNat Holding Company has traded high as $ 5.53 and has cracked $ 5.20 on the downward trend
According to the previous trading day, closing price of $ 5.45, representing a 8.98 % increase from the 52 week low of $ 4.90 and a 68.35 % decrease over the 52 week high of $ 16.87.
The company has a market capital of $ 74.68 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 21st September 2020, maintained by Raymond James at Outperform rating, with $ 11.00 target price.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.09 per share to holders of record as of the close of business on August 14, 2020, with payment date of September 1, 2020 and ex-dividend date on August 13, 2020.
Conference Call
FedNat Holding Company will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.fednat.com
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. It markets and distributes its own and third-party insurers products, and other services through a network of independent and general agents.
