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Assured Guaranty Ltd (AGO)
NYSE:AGO
Holding AGO?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.42Last Year’s EPS
$5.75Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -1.75%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call was generally positive, with the company achieving record high adjusted book values and strong new business production. However, challenges in the U.K. utility sector and reduced investment income present areas of concern. The company remains committed to capital management and growth strategies.Company Guidance
During the Assured Guaranty Limited (AGO) third-quarter 2024 earnings call, the executives provided robust guidance with several key metrics. The company reported record highs in both adjusted book value per share at $166.47 and adjusted operating shareholders' equity per share at $113.96, reflecting strong performance across its three market segments: U.S. public finance, non-U.S. public finance, and global structured finance. The present value of new business production (PVP) for the first three quarters reached $281 million, which is $32 million higher than the same period last year. Year-to-date, Assured Guaranty earned an adjusted operating income of $5.80 per share, marking a 13% increase from last year. The company also highlighted a successful capital management strategy, with a share repurchase target of $500 million for both the current and upcoming year, reflecting confidence in its financial position and future growth trajectory. Additionally, the earnings call underscored a strong market demand for municipal bond insurance, with Assured Guaranty insuring $16.6 billion of new issue par, an 18% increase compared to the same period last year, confirming its leadership in the insured par market with a 57% market share.Record High Adjusted Book Value
Adjusted book value per share reached a record high of $166.47, and adjusted operating shareholders' equity per share reached $113.96 at the end of the third quarter.
Strong New Business Production
New business production was strong across all market segments, with PVP reaching $281 million for the first three quarters of 2024, $32 million higher than the same period last year.
Increased Adjusted Operating Income
Year-to-date adjusted operating income increased by 13% compared to the first nine months of last year, reaching $5.80 per share.
Municipal Bond Insurance Market Leader
Assured Guaranty insured 57% of all insured par sold year-to-date in the primary U.S. municipal bond market, with an 18% increase in new issue par insured compared to the same period last year.
Successful Capital Management
The company repurchased 10% of shares outstanding as of December 31, 2023, and is targeting $500 million in share repurchases for next year.
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AGO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $89.26 | $91.10 | +2.06% |
| Aug 07, 2024 | $75.72 | $73.93 | -2.36% |
| May 07, 2024 | $77.53 | $81.15 | +4.67% |
| Feb 27, 2024 | $84.38 | $93.60 | +10.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Assured Guaranty Ltd (AGO) report earnings?
Assured Guaranty Ltd (AGO) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Assured Guaranty Ltd (AGO) earnings time?
Assured Guaranty Ltd (AGO) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGO EPS forecast?
AGO EPS forecast for the fiscal quarter 2024 (Q4) is $1.42.
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