The mean price target for the shares of MBIA Inc. (NYSE:MBI)is at $10.25 while the highest price target suggested by the analysts is $13.00 and low price target is $7.50. The mean price target is calculated keeping in view the consensus of 4 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 75.25M by 2 analysts. The means estimate of sales for the year ending Dec 16 is 290.45M by 2 analysts.
In its latest quarter ended on 31 Mar 2016 , MBIA Inc. (NYSE:MBI)reported earnings of $0.12. The posted earnings missed the analyst’s consensus by $-0.01 with the surprise factor of -7.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
MBIA Inc. (NYSE:MBI) traded up +3.63% during trading on Friday, hitting $7.65 . The stock had a trading volume of 4.3 M shares. The firm has a 50 day moving average of $7.43 and a 200-day moving average of $7.19. The stock has a market cap of $1.02B and a price-to-earnings ratio of 40.11. On Jun 23, 2015 the shares registered one year high at $9.66 and the one year low was seen on Jun 30, 2015.
On May 9, 2016 MBIA Inc. (NYSE:MBI) reported Combined Operating Income (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $16 million for the three months ended March 31, 2016 compared with Combined Operating Income of $34 million in the same period of 2015. The decline in Combined Operating Income for the three months ended March 31, 2016 was primarily the result of a decrease in net premiums earned and an increase in losses and loss adjustment expenses (LAE).
Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) increased to $31.74 as of March 31, 2016 from $29.69 as of December 31, 2015. The increase in ABV per share was driven primarily by a decrease in common shares outstanding resulting from share repurchases. The Company repurchased 15 million of its common shares during the first quarter of 2016.
Operating Income and ABV per share provide investors with views of the Company’s operating results that management uses in measuring financial performance. Reconciliations of ABV per share to book value per share, and Operating Income to net income, calculated in accordance with GAAP, are attached.
Consolidated GAAP net loss was $78 million, or $(0.58) per diluted share, for the first quarter of 2016 compared with consolidated net income of $69 million, or $0.37 per diluted share, in the same period of 2015. The unfavorable comparison was primarily due to foreign exchange related losses on financial instruments and mark-to-market losses on insured derivatives.
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