Heritage Insurance (HRTG) Projected to Post Quarterly Earnings on Tuesday

Heritage Insurance (NYSE:HRTG) is projected to issue its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Heritage Insurance Stock Performance

Shares of HRTG stock opened at $11.40 on Friday. The stock’s 50-day moving average is $11.57 and its two-hundred day moving average is $12.37. The firm has a market cap of $349.80 million, a price-to-earnings ratio of 4.56 and a beta of 1.00. Heritage Insurance has a 1 year low of $6.14 and a 1 year high of $16.90. 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 declared that its Board of Directors has initiated a stock repurchase program on Monday, December 9th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Separately, StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a 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.