United Fire Group (UFCS) Set to Announce Quarterly Earnings on Tuesday

United Fire Group (NASDAQ:UFCS - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

United Fire Group (NASDAQ:UFCS - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). United Fire Group had a net margin of 3.17% and a return on equity of 5.23%. The business had revenue of $301.17 million for the quarter, compared to analysts' expectations of $300.80 million. During the same period in the previous year, the company earned ($2.27) EPS. On average, analysts expect United Fire Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United Fire Group Stock Performance

Shares of NASDAQ:UFCS traded down $0.23 on Tuesday, reaching $19.86. The company's stock had a trading volume of 72,623 shares, compared to its average volume of 105,010. The company has a 50-day simple moving average of $20.31 and a 200 day simple moving average of $21.19. The company has a market cap of $503.25 million, a P/E ratio of 13.89 and a beta of 0.36. United Fire Group has a 52-week low of $18.04 and a 52-week high of $25.55.

United Fire Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a yield of 3.22%. United Fire Group's dividend payout ratio is currently 44.76%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler decreased their price target on United Fire Group from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded United Fire Group from a "hold" rating to a "buy" rating in a report on Friday, October 4th.

United Fire Group Company Profile

United Fire Group, Inc, together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States. The company offers commercial and personal lines of property and casualty insurance; and reinsurance coverage for property and casualty insurance. Its commercial lines include fire and allied lines, other liability, automobile, workers' compensation, fidelity and surety coverage, and other insurance products; and personal lines comprise automobile, and fire and allied lines coverage, including homeowners, as well as provides assumed reinsurance products.