Markets

Taking a Look at the Operational Data for MGIC Investment Corporation (MTG)

MGIC Investment Corporation (NYSE:MTG) is one of the more popular stocks investors are adding into their watchlist. Now trading with a market value of 4.06B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. In light of the many issues surrounding this company, we thought it was a good time to take a close look at the numbers in order to form a realistic perspective on the fundamental picture for this stock.

MGIC Investment Corporation (NYSE:MTG) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For MTG, the company currently has 177.49 million of cash on the books. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 5.62 billion in total assets, balanced by 2.38 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

MGIC Investment Corporation (MTG) saw 128.76 million in free cash flow last quarter, representing a quarterly net change in cash of 77.64 million. Perhaps most importantly where cash movements are concerned, the company saw about 133.97 million in net operating cash flow.

MGIC Investment Corporation (NYSE:MTG) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 265.77 million in total revenues. That represents a quarterly year/year change in revenues of 0.02 in sequential terms, the MTG saw sales decline by -0.02.



But what about the bottom line? After all, that’s what really matters in the end. MGIC Investment Corporation (MTG) is intriguing when broken down to its core data. For shareholders, given the total diluted outstanding shares of 391.56 million, this means overall earnings per share of 0.38. Note, this compares with a consensus analyst forecast of 0.34 in earnings per share for its next fiscal quarterly report.

Is MGIC Investment Corporation (NYSE:MTG) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 1.47 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 7.05. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on MGIC Investment Corporation.

Previous ArticleNext Article

Related Post

Does Analog Devices, Inc. (ADI) Present Much Upsid... It's worth it to have a look at Analog Devices, Inc. (NASDAQ:ADI) as there may be a chasm between the bulls and the bears as far as recent trading act...
Looking at the Big Picture for Twenty-First Centur... Twenty-First Century Fox, Inc. (NASDAQ:FOX) is in the highlights and many would want to know whether now might be a good time for it to present much u...
Parsley Energy, Inc. (PE): Are There Still Some Op... Parsley Energy, Inc. (NYSE:PE) is on our radar right now but there could still be some opportunities on the horizon. Now trading with a market value o...
Checking Out the Fundamental Data for Petroleo Bra... Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR)'s interesting series of developments are underway around the US stock market these days. Now trading w...
Morgan Stanley (MS) Makes An Interesting Case Righ... It's worth it to have a look at Morgan Stanley (NYSE:MS) as there may be a chasm between the bulls and the bears as far as recent trading activity goe...