Root (ROOT) Scheduled to Post Quarterly Earnings on Tuesday

Root (NASDAQ:ROOT) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of ($2.51) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Root (NASDAQ:ROOT) last released its earnings results on Wednesday, February 21st. The company reported ($1.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.49) by $0.85. The company had revenue of $194.80 million for the quarter, compared to analyst estimates of $108.00 million. Root had a negative return on equity of 73.62% and a negative net margin of 32.40%. On average, analysts expect Root to post $-8 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

Root Stock Performance

ROOT opened at $54.47 on Tuesday. The firm has a market cap of $795.26 million, a P/E ratio of -5.32 and a beta of 2.86. Root has a 52-week low of $3.63 and a 52-week high of $85.99. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.60. The business’s fifty day moving average is $45.83 and its 200-day moving average is $22.43.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ROOT shares. TD Cowen started coverage on Root in a report on Wednesday, January 10th. They set a “market perform” rating on the stock. Cantor Fitzgerald raised Root from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $13.00 in a report on Thursday, February 22nd. Citigroup increased their target price on Root from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Jefferies Financial Group raised Root from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $40.00 in a report on Friday, March 1st. Finally, Wells Fargo & Company raised their price objective on Root from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.88.

About Root

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.