ProAssurance (PRA) Scheduled to Post Earnings on Thursday

ProAssurance (NYSE:PRA - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

ProAssurance (NYSE:PRA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.15. ProAssurance had a positive return on equity of 0.86% and a negative net margin of 2.00%. The business had revenue of $290.30 million for the quarter, compared to analyst estimates of $235.61 million. During the same period in the previous year, the company posted $0.16 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, analysts expect ProAssurance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Stock Performance

PRA traded down $0.14 on Thursday, hitting $14.89. 130,533 shares of the stock traded hands, compared to its average volume of 281,873. ProAssurance has a 52 week low of $10.76 and a 52 week high of $18.19. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $761.71 million, a PE ratio of -33.84 and a beta of 0.24. The business has a fifty day moving average price of $14.27 and a two-hundred day moving average price of $13.48.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PRA shares. Truist Financial lowered their price target on ProAssurance from $16.00 to $14.00 and set a "hold" rating on the stock in a research note on Monday, August 12th. JMP Securities lowered their price target on ProAssurance from $22.00 to $20.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 17th.

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.