Stewart Info Posts Q3 EPS of $0.98
STC is trading near its 52-week low of $48.74 (7.9% above the low).
Summary
Stewart reported third-quarter EPS of $0.98, with net income of $30.3M and adjusted EPS of $1.33, the first hard earnings numbers out for the quarter. Revenue came in at $887M. The headline carries no year-over-year comparison and no guidance, so the print can't be judged against expectations from this alone. Context matters: Q2 revenue was $899 million, up 25% year-over-year, with net income up 17% even as title margins compressed, and the company has been buying title agencies (ProTitleUSA, DocSolutionUSA, Tower Title) through the late summer. Those deals add revenue but the margin question is the one that has been dogging the title segment. The full release and any guidance will determine whether $0.98 is a beat or a miss.
At the time of this announcement, STC was trading at $52.57 on NYSE in the Finance sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $48.74 to $78.61. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.