HCI Group (HCI) Expected to Announce Quarterly Earnings on Thursday

HCI Group (NYSE:HCI) is expected to be announcing its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

HCI Group Stock Performance

Shares of HCI stock opened at $118.67 on Tuesday. HCI Group has a 12 month low of $83.64 and a 12 month high of $126.50. The stock has a market cap of $1.25 billion, a PE ratio of 9.91 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $118.34 and its 200-day moving average price is $111.44.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s payout ratio is 13.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Oppenheimer upped their price target on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial reiterated a “buy” rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and a consensus price target 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.