ProAssurance (PRA) Scheduled to Post Earnings on Monday

ProAssurance (NYSE:PRA) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect ProAssurance to post earnings of $0.04 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

ProAssurance (NYSE:PRA) last posted its quarterly earnings results on Tuesday, February 27th. The insurance provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The business had revenue of $296.96 million for the quarter, compared to the consensus estimate of $252.74 million. ProAssurance had a negative return on equity of 0.53% and a negative net margin of 3.39%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. On average, analysts expect ProAssurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Trading Down 3.5 %

PRA opened at $13.17 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $671.27 million, a price-to-earnings ratio of -17.80 and a beta of 0.24. The firm has a 50 day simple moving average of $12.80 and a 200 day simple moving average of $13.72. ProAssurance has a fifty-two week low of $11.76 and a fifty-two week high of $19.38.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of ProAssurance from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Thursday, February 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of ProAssurance in a research note on Monday, April 15th. Finally, Piper Sandler lowered their target price on shares of ProAssurance from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.00.

ProAssurance Company Profile

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.