James River Group (JRVR) Set to Announce Earnings on Monday

James River Group (NASDAQ:JRVR) is scheduled to be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect James River Group to post earnings of $0.40 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $201.13 million for the quarter, compared to analyst estimates of $172.26 million. James River Group had a positive return on equity of 12.85% and a negative net margin of 10.56%. James River Group’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. 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 Trading Down 3.8 %

Shares of JRVR stock opened at $7.79 on Friday. The firm has a market capitalization of $294.70 million, a P/E ratio of -3.73 and a beta of 0.16. James River Group has a twelve month low of $6.35 and a twelve month high of $18.06. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $8.55.

James River Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.57%. James River Group’s dividend payout ratio is currently -9.57%.

Analyst Ratings Changes

Separately, JMP Securities reduced their price objective on James River Group from $15.00 to $14.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.17.

James River Group Company Profile

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.