Mgic Investment Corp Reports Results For The Quarter Ended March 31: Earnings Summary

MGIC Investment

30/04/2025 22:43

MGIC Investment Corp MTG.N reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 65 cents.  The mean expectation of seven analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 63 cents to 71 cents per share.

Revenue rose 4% to $306.23 million from a year ago; analysts expected $305.72 million.

MGIC Investment Corp's reported EPS for the quarter was 75 cents​.

The company reported quarterly net income of $185.46 million.

MGIC Investment Corp shares had fallen by 0.4% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 3.9% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

Wall Street's median 12-month price target for MGIC Investment Corp is $26.00

This summary was machine generated from LSEG data April 30 at 09:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.69
0.75
Beat
Dec. 31 2024
0.67
0.72
Beat
Sep. 30 2024
0.66
0.77
Beat
Jun. 30 2024
0.64
0.77
Beat