James River Group (JRVR) Set to Announce Quarterly Earnings on Wednesday

James River Group (NASDAQ:JRVR) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect James River Group to post earnings of $0.39 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Wednesday, February 28th. The insurance provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). James River Group had a negative net margin of 10.80% and a positive return on equity of 13.75%. The business had revenue of $218.10 million during the quarter, compared to analyst estimates of $216.80 million. On average, analysts expect James River Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

James River Group Stock Down 0.5 %

Shares of JRVR opened at $8.82 on Monday. James River Group has a 1-year low of $6.35 and a 1-year high of $22.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $9.63.

James River Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.27%. The ex-dividend date was Friday, March 8th. James River Group’s payout ratio is -8.85%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, March 22nd. UBS Group decreased their price target on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. Keefe, Bruyette & Woods cut their price objective on shares of James River Group from $11.00 to $9.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Truist Financial decreased their target price on shares of James River Group from $15.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, March 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 target price on shares of James River Group in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.33.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.