Argo Group (ARGO) Expected to Announce Earnings of $1.04 Per Share
Brokerages forecast that Argo Group (NASDAQ:ARGO) will report earnings per share (EPS) of $1.04 for the current quarter, Zacks reports. Two analysts have issued estimates for Argo Group’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.15. Argo Group posted earnings per share of $1.05 in the same quarter last year, which indicates a negative year over year growth rate of 1%. The company is expected to issue its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Argo Group will report full year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.95 to $4.10. For the next fiscal year, analysts forecast that the company will post earnings of $4.55 per share, with EPS estimates ranging from $4.50 to $4.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Argo Group.
Argo Group (NASDAQ:ARGO) last issued its earnings results on Monday, February 11th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.49. The business had revenue of $483.60 million during the quarter, compared to analyst estimates of $468.50 million.
Argo Group stock traded up $0.28 during midday trading on Monday, hitting $72.98. 51,260 shares of the stock were exchanged, compared to its average volume of 127,604. Argo Group has a fifty-two week low of $55.10 and a fifty-two week high of $72.67.
Several institutional investors have recently added to or reduced their stakes in ARGO. Deutsche Bank AG acquired a new position in Argo Group in the 4th quarter valued at about $3,382,000. Geode Capital Management LLC purchased a new position in Argo Group in the 4th quarter worth approximately $23,386,000. Norges Bank purchased a new position in Argo Group in the 4th quarter worth approximately $50,043,000. FMR LLC purchased a new position in Argo Group in the 4th quarter worth approximately $52,222,000. Finally, Amalgamated Bank purchased a new position in Argo Group in the 4th quarter worth approximately $289,000.
Argo Group Company Profile
Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.
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