MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
MGIC (MTG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MGIC Investment Corporation (MTG) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MTG's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
MGIC Investment gains from new business, solid annual persistency, higher level of home sales, effective capital deployment and sufficient liquidity.
MGIC (MTG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MGIC Investment Corporation (NYSE:MTG ) Q1 2025 Earnings Conference Call May 1, 2025 10:00 AM ET Company Participants Dianna Higgins – Head of Investor Relations Tim Mattke – Chief Executive Officer Nathan Colson – Chief Financial Officer and Chief Risk Officer Conference Call Participants Terry Ma – Barclays Doug Harter – UBS Bose George – KBW Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation First Quarter 2025 Earnings Call. At this time, all lines have been placed on mute to prevent any background noise.
Although the revenue and EPS for MGIC (MTG) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGIC Investment (MTG) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.65 per share a year ago.
Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MGIC (MTG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Given the U.S. housing market expected to grow at a slow rate, downward pressure on home prices and intense competition, it is wise to stay cautious on MTG.