Heritage Insurance (HRTG) Expected to Announce Quarterly Earnings on Tuesday

Heritage Insurance (NYSE:HRTG) is anticipated to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.17) per share and revenue of $199.87 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Heritage Insurance Stock Down 0.6 %

Heritage Insurance stock opened at $11.40 on Friday. The stock has a fifty day moving average of $11.57 and a 200 day moving average of $12.37. Heritage Insurance has a one year low of $6.14 and a one year high of $16.90. The stock has a market cap of $349.80 million, a PE ratio of 4.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Heritage Insurance announced that its board has initiated a share repurchase plan on Monday, December 9th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the insurance provider to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Separately, StockNews.com upgraded Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Monday, November 25th.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.