ProAssurance (PRA) Scheduled to Post Earnings on Monday

ProAssurance (NYSE:PRA) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ProAssurance to post earnings of $0.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

ProAssurance (NYSE:PRA) last issued its earnings results on Tuesday, February 27th. The insurance provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.09). The firm had revenue of $296.96 million during the quarter, compared to analyst estimates of $252.74 million. ProAssurance had a negative net margin of 3.39% and a negative return on equity of 0.53%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, analysts expect ProAssurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Trading Down 0.6 %

Shares of ProAssurance stock opened at $13.83 on Friday. ProAssurance has a 12-month low of $11.76 and a 12-month high of $19.38. The stock has a market capitalization of $704.92 million, a P/E ratio of -18.69 and a beta of 0.21. The company has a 50-day simple moving average of $12.83 and a 200 day simple moving average of $13.59. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PRA shares. Truist Financial dropped their price objective on shares of ProAssurance from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, February 29th. Piper Sandler cut their price objective on ProAssurance from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Monday, March 4th. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of ProAssurance in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

About ProAssurance

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.