Heritage Insurance Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Heritage Insurance Holdings Inc HRTG.N reported quarterly adjusted earnings of $1.55​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of three analysts for the quarter was for earnings of $1.01 per share. Wall Street expected results to range from 98 cents to $1.05 per share.

• Revenue rose 2.2% to $208.04 million from a year ago; analysts expected $212.12 million.

• Heritage Insurance Holdings Inc shares had fallen by 15.0% this quarter and gained 75.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 34.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for Heritage Insurance Holdings Inc is $29.00, about 25.3% above its last closing price of $21.66

This summary was machine generated from LSEG data August 5 at 09:54 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)