ProAssurance (PRA) Set to Announce Quarterly Earnings on Monday

ProAssurance (NYSE:PRA) is scheduled to announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

ProAssurance (NYSE:PRA) last posted its earnings results on Tuesday, February 27th. The insurance provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.09). The firm had revenue of $296.96 million for the quarter, compared to the consensus estimate of $252.74 million. ProAssurance had a negative return on equity of 0.53% and a negative net margin of 3.39%. ProAssurance’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 EPS. On average, analysts expect ProAssurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Stock Performance

Shares of ProAssurance stock opened at $13.83 on Friday. The business’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $13.63. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.38. ProAssurance has a 12 month low of $11.76 and a 12 month high of $19.38. The firm has a market capitalization of $704.92 million, a P/E ratio of -18.69 and a beta of 0.21.

Analyst Ratings Changes

PRA has been the topic of a number of research analyst reports. Truist Financial cut their price target on shares of ProAssurance from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, February 29th. JMP Securities restated a “market outperform” rating and set a $22.00 price target on shares of ProAssurance in a research note on Monday, April 15th. Finally, Piper Sandler reduced their price objective on ProAssurance from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, ProAssurance has a consensus rating of “Moderate Buy” and an average target price 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.