James River Group (JRVR) Projected to Post Quarterly Earnings on Monday

James River Group (NASDAQ:JRVR) is anticipated to announce its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of ($0.33) per share and revenue of $159.91 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

James River Group Price Performance

NASDAQ JRVR opened at $4.95 on Friday. The stock has a market cap of $187.25 million, a price-to-earnings ratio of -1.22 and a beta of 0.07. The business has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $5.62. James River Group has a 52-week low of $4.35 and a 52-week high of $11.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.65 and a current ratio of 0.65.

James River Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, December 16th. James River Group’s payout ratio is -0.99%.

Wall Street Analyst Weigh In

Separately, JMP Securities lowered their price objective on James River Group from $11.00 to $8.00 and set a “market outperform” rating for the company in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

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.