Heritage Insurance (HRTG) to Release Earnings on Tuesday

Heritage Insurance (NYSE:HRTG) is projected to post its quarterly earnings results after the market closes on Tuesday, March 11th. Analysts expect Heritage Insurance to post earnings of ($0.17) per share and revenue of $199.87 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Heritage Insurance Stock Down 0.7 %

Shares of NYSE:HRTG opened at $11.67 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. Heritage Insurance has a 12 month low of $6.14 and a 12 month high of $16.90. The company has a 50-day moving average price of $11.63 and a 200 day moving average price of $12.44. The company has a market cap of $358.08 million, a price-to-earnings ratio of 4.67 and a beta of 1.01.

Heritage Insurance declared that its Board of Directors has approved a share buyback plan on Monday, December 9th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the insurance provider to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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.