MBIA (MBI) Earning Somewhat Favorable News Coverage, Accern Reports

News stories about MBIA (NYSE:MBI) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MBIA earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 45.0146119083715 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Several equities analysts recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $14.00 price objective on shares of MBIA in a research report on Wednesday, September 6th. BidaskClub raised shares of MBIA from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, MKM Partners reissued a “buy” rating on shares of MBIA in a research report on Thursday, October 5th.

MBIA (MBI) traded up 2.64% during trading on Tuesday, reaching $7.01. 5,341,480 shares of the company’s stock were exchanged. The stock’s market capitalization is $881.97 million. MBIA has a 52 week low of $6.61 and a 52 week high of $11.65. The stock has a 50-day moving average of $9.23 and a 200-day moving average of $9.14.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($1.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($1.10). The business had revenue of $72.00 million during the quarter, compared to the consensus estimate of $87.85 million. During the same period in the prior year, the company posted $0.12 EPS. The company’s revenue was down 39.0% compared to the same quarter last year. On average, equities research analysts anticipate that MBIA will post ($0.76) EPS for the current year.

MBIA announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 27th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the insurance provider to buy up to 21.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/mbia-mbi-earning-somewhat-favorable-news-coverage-accern-reports.html.

MBIA Company Profile

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

Insider Buying and Selling by Quarter for MBIA (NYSE:MBI)

Insider Buying and Selling by Quarter for MBIA (NYSE:MBI)

Receive News & Ratings for MBIA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MBIA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply