Old Republic International (ORI) Scheduled to Post Earnings on Thursday

Old Republic International (NYSE:ORI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the prior year, the company posted $0.62 earnings per share. On average, analysts expect Old Republic International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $35.77 on Wednesday. The company has a 50-day simple moving average of $35.32 and a two-hundred day simple moving average of $32.67. Old Republic International has a twelve month low of $26.40 and a twelve month high of $36.50. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 15.03 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s payout ratio is 44.54%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.