Zacks: Analysts Expect GWG Holdings Inc (NASDAQ:GWGH) Will Announce Earnings of -$0.18 Per Share

Equities analysts forecast that GWG Holdings Inc (NASDAQ:GWGH) will announce ($0.18) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for GWG’s earnings. GWG posted earnings of $1.76 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 110.2%. The business is scheduled to announce its next earnings results on Tuesday, August 13th.

On average, analysts expect that GWG will report full year earnings of ($0.89) per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of ($0.24) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow GWG.

Separately, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a report on Friday.

A hedge fund recently bought a new stake in GWG stock. Tibra Equities Europe Ltd bought a new stake in GWG Holdings Inc (NASDAQ:GWGH) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,379 shares of the financial services provider’s stock, valued at approximately $292,000. Tibra Equities Europe Ltd owned approximately 0.41% of GWG as of its most recent filing with the Securities & Exchange Commission. 1.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of GWGH traded down $0.03 during mid-day trading on Tuesday, hitting $8.95. The company’s stock had a trading volume of 13,662 shares, compared to its average volume of 42,101. The company has a debt-to-equity ratio of 17.93, a current ratio of 23.36 and a quick ratio of 23.36. The business has a 50-day moving average of $8.57. GWG has a 1-year low of $4.80 and a 1-year high of $17.50.

GWG Company Profile

GWG Holdings, Inc operates as a financial services company. It purchases life insurance policies at a discount to the face value from the secondary market and policy holders, and continue to pay the premiums to collect the policy benefits. The company also owns a portfolio of alternative assets; and develops epigenetic technology solutions for the life insurance industry.

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