Palomar (NASDAQ:PLMR – Get Free Report) will be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect Palomar to post earnings of $1.00 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Palomar (NASDAQ:PLMR – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.28. Palomar had a return on equity of 19.94% and a net margin of 21.78%. The firm had revenue of $108.39 million during the quarter, compared to analysts’ expectations of $322.10 million. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. On average, analysts expect Palomar to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Palomar Trading Up 0.5 %
PLMR opened at $90.00 on Friday. Palomar has a 12-month low of $48.08 and a 12-month high of $93.51. The stock has a 50-day moving average price of $84.89 and a 200-day moving average price of $78.58. The stock has a market capitalization of $2.24 billion, a P/E ratio of 25.86 and a beta of 0.31.
Analyst Upgrades and Downgrades
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Insider Transactions at Palomar
In other news, CEO Mac Armstrong sold 7,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $78.51, for a total value of $549,570.00. Following the completion of the transaction, the chief executive officer now owns 454,388 shares of the company’s stock, valued at approximately $35,674,001.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Mac Armstrong sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $78.51, for a total value of $549,570.00. Following the sale, the chief executive officer now owns 454,388 shares in the company, valued at approximately $35,674,001.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Jon Christianson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $81.21, for a total value of $162,420.00. Following the completion of the sale, the president now owns 53,761 shares in the company, valued at approximately $4,365,930.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,250 shares of company stock valued at $4,080,716. Corporate insiders own 4.30% of the company’s stock.
About Palomar
Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.
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