The closing price of Heritage Insurance Holdings Inc. (NYSE: HRTG) was $7.86 for the day, down -6.65% from the previous closing price of $8.42. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 573832 shares were traded.
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Ratios:
Our analysis of HRTG’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.61.
On February 13, 2023, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $4.30 to $2.20.
Piper Sandler Upgraded its Neutral to Overweight on April 06, 2020, whereas the target price for the stock was revised from $12 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 19 ’23 when Hyer Raymond T bought 148,148 shares for $6.75 per share. The transaction valued at 999,999 led to the insider holds 2,959,263 shares of the business.
WHITING PAUL L bought 40,871 shares of HRTG for $299,993 on Dec 14 ’23. The Director now owns 50,533 shares after completing the transaction at $7.34 per share. On Dec 14 ’23, another insider, Garateix Ernie J, who serves as the Chief Executive Officer of the company, bought 27,247 shares for $7.34 each. As a result, the insider paid 199,993 and bolstered with 859,337 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HRTG now has a Market Capitalization of 237.52M and an Enterprise Value of 160.08M. As of this moment, Heritage’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.56, and their Forward P/E ratio for the next fiscal year is 4.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 0.22.
Stock Price History:
Over the past 52 weeks, HRTG has reached a high of $9.79, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is 6.49, while the 200-Day Moving Average is calculated to be 5.87.
Shares Statistics:
HRTG traded an average of 436.22K shares per day over the past three months and 541.38k shares per day over the past ten days. A total of 30.22M shares are outstanding, with a floating share count of 22.08M. Insiders hold about 26.55% of the company’s shares, while institutions hold 47.52% stake in the company. Shares short for HRTG as of Feb 29, 2024 were 424.79k with a Short Ratio of 0.97, compared to 407.05k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.41% and a Short% of Float of 1.80%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.46.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.56 for the current quarter, with a high estimate of $0.81 and a low estimate of $0.4, while EPS last year was $0.55. The consensus estimate for the next quarter is $0.35, with high estimates of $0.54 and low estimates of $0.2.
Analysts are recommending an EPS of between $1.55 and $1.35 for the fiscal current year, implying an average EPS of $1.47. EPS for the following year is $1.75, with 3 analysts recommending between $1.8 and $1.7.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $189.2M to a low estimate of $188.89M. As of the current estimate, Heritage Insurance Holdings Inc.’s year-ago sales were $165.81M, an estimated increase of 14.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $191.69M, an increase of 3.40% less than the figure of $14.00% in the same quarter last year. There is a high estimate of $191.8M for the next quarter, whereas the lowest estimate is $191.57M.
A total of 2 analysts have provided revenue estimates for HRTG’s current fiscal year. The highest revenue estimate was $770.91M, while the lowest revenue estimate was $770.81M, resulting in an average revenue estimate of $770.86M. In the same quarter a year ago, actual revenue was $735.5M, up 4.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $812.82M in the next fiscal year. The high estimate is $817.76M and the low estimate is $807.88M. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
