Old Republic International Corp. (ORI) to Release Quarterly Earnings on Thursday
Old Republic International Corp. (NYSE:ORI) will announce its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $1.38 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Old Republic International Corp. (NYSE:ORI) last announced its earnings results on Thursday, July 25th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.23. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
Shares of Old Republic International Corp. (NYSE:ORI) opened at 15.80 on Wednesday. Old Republic International Corp. has a 1-year low of $9.20 and a 1-year high of $15.08. The stock’s 50-day moving average is $14.51 and its 200-day moving average is $13.45. The company has a market cap of $4.060 billion and a price-to-earnings ratio of 19.55.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Old Republic International Corp. from $15.00 to $17.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Analysts at Wunderlich raised their price target on shares of Old Republic International Corp. from $37.00 to $40.00 in a research note to investors on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.43.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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