James River Group (JRVR) Scheduled to Post Earnings on Wednesday

James River Group (NASDAQ:JRVR) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

James River Group (NASDAQ:JRVR) last issued its earnings results on Wednesday, February 28th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). The firm had revenue of $218.10 million during the quarter, compared to the consensus estimate of $216.80 million. James River Group had a positive return on equity of 13.75% and a negative net margin of 10.80%. On average, analysts expect James River Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

James River Group Trading Down 0.3 %

Shares of JRVR opened at $8.79 on Tuesday. The firm has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $9.59. James River Group has a twelve month low of $6.35 and a twelve month high of $22.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.55 and a quick ratio of 0.55.

James River Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 annualized dividend and a dividend yield of 2.28%. James River Group’s payout ratio is presently -8.85%.

Wall Street Analyst Weigh In

A number of research firms have commented on JRVR. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of James River Group in a research report on Monday, April 15th. Compass Point upgraded James River Group from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, March 22nd. Keefe, Bruyette & Woods reduced their price objective on shares of James River Group from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Truist Financial dropped their target price on shares of James River Group from $15.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 1st. Finally, UBS Group reduced their price target on shares of James River Group from $34.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.33.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.