James River Group (JRVR) Scheduled to Post Quarterly Earnings on Monday

James River Group (NASDAQ:JRVR) will be announcing its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

James River Group (NASDAQ:JRVR) last issued its earnings results on Wednesday, May 8th. The insurance provider reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $201.13 million for the quarter, compared to the consensus estimate of $172.26 million. James River Group had a negative net margin of 10.56% and a positive return on equity of 12.85%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. 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 Stock Down 3.8 %

Shares of NASDAQ:JRVR opened at $7.79 on Friday. The company has a market cap of $294.70 million, a price-to-earnings ratio of -3.73 and a beta of 0.16. The firm’s 50-day simple moving average is $7.77 and its 200-day simple moving average is $8.55. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.41. James River Group has a fifty-two week low of $6.35 and a fifty-two week high of $18.06.

James River Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, June 10th. James River Group’s payout ratio is -9.57%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reduced their price objective on shares of James River Group from $15.00 to $14.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.17.

About James River Group

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.