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

James River Group (NASDAQ:JRVR) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

James River Group (NASDAQ:JRVR) last announced 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. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The company had revenue of $201.13 million during the quarter, compared to analyst estimates of $172.26 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 Price Performance

Shares of NASDAQ JRVR opened at $7.79 on Friday. James River Group has a twelve month low of $6.35 and a twelve month high of $18.06. The firm has a market cap of $294.70 million, a P/E ratio of -3.73 and a beta of 0.16. The company has a 50 day moving average of $7.77 and a 200 day moving average of $8.55. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.41.

James River Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a dividend of $0.05 per share. The ex-dividend date 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 presently -9.57%.

Analysts Set New Price Targets

Separately, JMP Securities decreased their target price on shares of James River Group from $15.00 to $14.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.17.

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.