For its second fiscal quarter (ending June 30), Heritage Insurance Holdings Inc (NYSE: HRTG) has reported a 107% increase in E.P.S. from $0.30 a year ago to $0.62 in the current quarter. This performance was $0.21 better than the consensus estimate of $0.41. For the latest four quarters through June 30, E.P.S. were $1.95 compared to $-0.49 a year ago.
Recent Price Action
Heritage Insurance Holdings Inc (NYSE: HRTG) stock closed at $7.25 on 8/6/24 after being unchanged was unchanged. However, this flat performance was accompanied by unusually low trading volume at 52% of normal. The stock has declined -4.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HRTG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Heritage Insurance Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Insurance Holdings has a neutral Appreciation Score of 59 but a good Power Rating of 76, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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