American Financial Group (AFG) Projected to Post Quarterly Earnings on Tuesday

American Financial Group (NYSE:AFG) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $3.15 per share and revenue of $2,041,710.00 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect American Financial Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Stock Up 2.4 %

Shares of NYSE AFG opened at $138.38 on Tuesday. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 12.97 and a beta of 0.83. The company’s 50-day simple moving average is $138.55 and its 200-day simple moving average is $134.39. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group has a 52-week low of $115.64 and a 52-week high of $150.19.

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.31%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s payout ratio is 29.99%.

Analyst Ratings Changes

Several research firms have recently weighed in on AFG. Piper Sandler raised their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 10th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.