Lemonade (LMND) Set to Announce Earnings on Tuesday

Lemonade (NYSE:LMND) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect Lemonade to post earnings of ($0.82) per share for the quarter. Lemonade has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Lemonade (NYSE:LMND) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.79) by $0.18. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. The firm had revenue of $115.50 million during the quarter, compared to analysts’ expectations of $111.71 million. During the same period in the prior year, the company earned ($0.93) EPS. The firm’s revenue was up 30.7% on a year-over-year basis. On average, analysts expect Lemonade to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Lemonade Price Performance

NYSE:LMND opened at $17.95 on Monday. The business’s 50-day moving average is $16.85 and its two-hundred day moving average is $16.30. The firm has a market capitalization of $1.27 billion, a PE ratio of -5.26 and a beta of 1.89. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.81.

Insider Buying and Selling at Lemonade

In related news, CFO Timothy E. Bixby bought 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $16.54 per share, with a total value of $165,400.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $165,400. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 11.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on LMND shares. TD Cowen started coverage on Lemonade in a report on Wednesday, January 10th. They set a “market perform” rating and a $17.00 target price on the stock. Morgan Stanley boosted their target price on shares of Lemonade from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods upped their target price on shares of Lemonade from $16.00 to $18.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Lemonade in a research note on Monday, April 15th. Finally, Piper Sandler reissued a “neutral” rating and issued a $17.00 price objective on shares of Lemonade in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.11.

Lemonade Company Profile

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.