HCI Group (HCI) Projected to Post Quarterly Earnings on Thursday

HCI Group (NYSE:HCI) is projected to issue 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

HCI Group Price Performance

NYSE:HCI opened at $121.42 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $111.44. The stock has a market cap of $1.28 billion, a PE ratio of 10.14 and a beta of 1.12. HCI Group has a 52 week low of $83.64 and a 52 week high of $126.50.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. HCI Group’s dividend payout ratio is presently 13.37%.

Analyst Ratings Changes

A number of research firms have commented on HCI. Truist Financial reissued a “buy” rating and set a $145.00 price target on shares of HCI Group in a report on Tuesday, December 17th. Oppenheimer raised their price target on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.