Root (ROOT) Expected to Announce Earnings on Wednesday

Root (NASDAQ:ROOT - Get Free Report) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.63) per share and revenue of $287.79 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Root Price Performance

Shares of NASDAQ ROOT traded down $11.02 during midday trading on Friday, reaching $100.21. The stock had a trading volume of 431,218 shares, compared to its average volume of 390,823. The stock has a 50-day moving average of $90.04 and a 200-day moving average of $68.71. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -81.47 and a beta of 2.58. Root has a 12-month low of $11.51 and a 12-month high of $141.23.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities lowered shares of Root from an "outperform" rating to a "market perform" rating in a research report on Friday, November 22nd. Wells Fargo & Company raised their target price on shares of Root from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $90.00 target price (up previously from $82.00) on shares of Root in a research report on Tuesday, November 5th. Citizens Jmp downgraded shares of Root from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 22nd. Finally, UBS Group lifted their target price on shares of Root from $61.00 to $67.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.38.

Root Company Profile

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.