Root (ROOT) Projected to Post Earnings on Wednesday

Root (NASDAQ:ROOT) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.63) per share and revenue of $287.79 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Root Stock Performance

Shares of Root stock opened at $99.34 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $1.50 billion, a P/E ratio of -80.76 and a beta of 2.58. The firm’s 50 day moving average is $90.98 and its two-hundred day moving average is $69.64. Root has a 52 week low of $17.10 and a 52 week high of $141.23.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ROOT shares. Citizens Jmp lowered shares of Root from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $90.00 price objective (up previously from $82.00) on shares of Root in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their target price on Root from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. JMP Securities lowered Root from an “outperform” rating to a “market perform” rating in a research report on Friday, November 22nd. Finally, UBS Group upped their target price on Root from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Root has a consensus rating of “Moderate Buy” and an average price target of $75.00.

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.