Neptune Insurance (NP) Expected to Announce Earnings on Wednesday

Neptune Insurance (NYSE:NP) is expected to issue its results before the market opens on Wednesday, February 11th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

Neptune Insurance (NYSE:NP) last posted its earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $44.37 million for the quarter, compared to the consensus estimate of $42.58 million.

Neptune Insurance Stock Down 1.3%

Shares of NYSE NP opened at $24.96 on Wednesday. Neptune Insurance has a twelve month low of $22.00 and a twelve month high of $33.23. The stock has a market cap of $3.45 billion and a price-to-earnings ratio of 226.91. The company’s fifty day moving average is $26.82 and its 200-day moving average is $28.47.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BMO Capital Markets assumed coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “market perform” rating and a $25.00 target price for the company. National Bankshares set a $23.00 price objective on Neptune Insurance in a report on Monday, October 27th. The Goldman Sachs Group reissued a “buy” rating and set a $32.50 target price on shares of Neptune Insurance in a research note on Wednesday, January 7th. Wall Street Zen raised shares of Neptune Insurance to a “hold” rating in a research note on Saturday, October 11th. Finally, Morgan Stanley upped their price target on shares of Neptune Insurance from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.31.

About Neptune Insurance

Our mission is to create a smarter, more resilient insurance platform powered by AI, data science, and technology, enabling insurers to deploy capacity with confidence and delivering instant access to coverage for policyholders and agents. Neptune is a leading, high-growth, highly profitable, data-driven managing general agent that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies.