HCI Group (HCI) Expected to Announce Quarterly Earnings on Thursday

HCI Group (NYSE:HCI) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($2.75) per share and revenue of $175.11 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

HCI Group Price Performance

Shares of NYSE HCI opened at $119.64 on Thursday. The firm has a market cap of $1.26 billion, a P/E ratio of 9.99 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a 1-year low of $83.64 and a 1-year high of $126.50. The business’s 50 day moving average is $118.04 and its 200-day moving average is $110.66.

HCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. HCI Group’s dividend payout ratio (DPR) is currently 13.37%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HCI shares. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.