Genworth Financial – Improvement in Retirement and Protection performance

Genworth Financial, Inc. (NYSE:GNW). Last Market Price: 7.28, Change: +1.12, % Change: (18.10%). Shares trade in the range of 6.31 – 7.38 dollars. It has a market capitalization of 3.57B dollars, making it a Mid Cap Stock and has 490.72M outstanding shares. The company has a beta of 3.05, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is -0.19. It operates in Financial sector and belongs to Insurance (Life) industry. Percentage shares held by institutional investors is 96%. The company has a 52 week Price range (low – high) of $ 4.80 – 14.77. Average volumes of shares traded daily are 11,000,000. Volume traded in the last session was at 14,700,000, 1.34 times the average volume.

• Reports Q3 (Sep)
• EPS of $0.21 , better than the estimates
• Revenues fell 5.5% year on year to $2.52 billion

• Michael D. Fraizer, chairman and chief executive officer states: “Third quarter reported earnings reflected improvement in Retirement and Protection and consistent overall international performance, excluding tax items. U.S. Mortgage Insurance losses declined due to good loss mitigation results, stability in the aging of loan delinquencies and higher levels of profitable new business. International capital generation remained strong while revenues slowed reflecting smaller origination markets. We continue to pursue and accelerate value-enhancing strategies to redeploy and optimize capital while maintaining appropriate risk buffers, including strategic management of new business levels and our plan to pursue a minority share IPO of our Australian mortgage insurance business.”

For Q2 (Jun ’11), It had a Net profit margin of -2.26%, an Operating margin of -2.49%. Other Key stats and ratios are : Return on average assets of -0.21%, Return on average equity of -2.70%. The organization has an employee strength of 6,500

Consensus Recommendation is a Hold.

Estimate for sales for the Quarter Ending Dec-11 show a mean of 2,603.78 million dollars, an estimate high of 2,646.00 million dollars and an estimate low of 2,536.43 million dollars. A year ago the figures stood at 2,635.72 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 2,568.68 million dollars, an estimate high of 2,568.68 million dollars and an estimate low of 2,568.68 million dollars. A year ago the figures stood at 2,614.91 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.22 dollars, an estimate high of 0.27 dollars and an estimate low of 0.12 dollars. A year ago the figures stood at 0.35 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.27 dollars, an estimate high of 0.37 dollars and an estimate low of 0.20 dollars. A year ago the figures stood at 0.42 dollars.

Sales for Quarter Ending Jun-11 was estimated at 2,646.12 million dollars, however the actual sales figure stood at 2,695.00 million dollars, 48.88 million dollars more than estimates.

Sales for Quarter Ending Mar-11 was estimated at 2,610.47 million dollars, however the actual sales figure stood at 2,596.00 million dollars, 14.47 million dollars less than estimates.

Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.