ProAssurance (PRA) to Release Quarterly Earnings on Thursday

ProAssurance (NYSE:PRA) is set to release its earnings data after the market closes on Thursday, August 8th. Analysts expect ProAssurance to post earnings of $0.08 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

ProAssurance (NYSE:PRA) last issued its quarterly earnings results on Monday, May 6th. The insurance provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. ProAssurance had a negative net margin of 2.42% and a positive return on equity of 0.59%. The firm had revenue of $284.97 million for the quarter, compared to analyst estimates of $233.62 million. During the same period in the previous year, the business earned ($0.15) EPS. The company’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect ProAssurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Stock Down 2.3 %

Shares of PRA stock opened at $11.56 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.38. ProAssurance has a 1 year low of $10.76 and a 1 year high of $19.38. The firm’s fifty day moving average price is $12.48 and its two-hundred day moving average price is $13.01. The firm has a market capitalization of $589.70 million, a P/E ratio of -21.41 and a beta of 0.23.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PRA. JMP Securities lowered their price target on shares of ProAssurance from $22.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 17th. Truist Financial boosted their price objective on shares of ProAssurance from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, ProAssurance has an average rating of “Moderate Buy” and an average price target of $17.00.

ProAssurance Company Profile

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.