Travelers Cos. (TRV) Set to Announce Quarterly Earnings on Tuesday
Travelers Cos. (NYSE:TRV) will be issuing its quarterly earnings data on Tuesday, January 21st. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Travelers Cos. (NYSE:TRV) last released its earnings data on Tuesday, October 22nd. The company reported $2.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.66 by $0.69. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company posted $2.22 earnings per share. Travelers Cos.’s revenue was up .3% compared to the same quarter last year. On average, analysts expect Travelers Cos. to post $8.96 EPS for the current fiscal year and $8.16 EPS for the next fiscal year.
Travelers Cos. (NYSE:TRV) opened at 86.47 on Monday. Travelers Cos. has a 1-year low of $77.09 and a 1-year high of $91.68. The stock has a 50-day moving average of $88.36 and a 200-day moving average of $85.29. The company has a market cap of $31.481 billion and a price-to-earnings ratio of 11.17.
TRV has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of Travelers Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. On the ratings front, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Cos. in a research note to investors on Wednesday, November 27th. They now have a $109.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Travelers Cos. from $72.00 to $73.00 in a research note to investors on Tuesday, October 29th. They now have a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $92.67.
In other Travelers Cos. news, CFO Jay Benet sold 15,000 shares of Travelers Cos. stock on the open market in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $87.68, for a total transaction of $1,315,200.00. Following the sale, the chief financial officer now directly owns 26,105 shares in the company, valued at approximately $2,288,886. The sale was disclosed in a legal filing with the SEC, which is available at this link.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.