Root (NASDAQ:ROOT – Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Root to post earnings of ($0.61) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Root (NASDAQ:ROOT – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.74) by $1.22. Root had a negative return on equity of 50.80% and a negative net margin of 9.81%. The firm had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $264.80 million. During the same quarter last year, the firm earned ($2.55) earnings per share. The firm’s revenue for the quarter was up 286.6% compared to the same quarter last year. On average, analysts expect Root to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Root Price Performance
Shares of Root stock opened at $37.81 on Monday. Root has a twelve month low of $7.22 and a twelve month high of $86.57. The stock has a market capitalization of $563.37 million, a P/E ratio of -4.87 and a beta of 2.53. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.98. The business’s fifty day moving average price is $40.70 and its 200 day moving average price is $51.60.
Analyst Ratings Changes
Read Our Latest Research Report on ROOT
Root Company Profile
Root, Inc provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.
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