Old Republic International Corp. (ORI) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
Old Republic International Corp. (NYSE:ORI) issued its quarterly earnings data on Thursday. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.05, Analyst Ratings.Net reports. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis.
Old Republic International Corp. (NYSE:ORI) opened at 16.87 on Thursday. Old Republic International Corp. has a one year low of $11.05 and a one year high of $17.45. The stock has a 50-day moving average of $16.75 and a 200-day moving average of $15.61. The company has a market cap of $4.341 billion and a price-to-earnings ratio of 13.93.
ORI has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Old Republic International Corp. in a research note to investors on Tuesday, January 7th. They set a “neutral” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Old Republic International Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $18.60 price target on the stock. Finally, analysts at JMP Securities initiated coverage on shares of Old Republic International Corp. in a research note to investors on Tuesday, December 17th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Old Republic International Corp. has an average rating of “Hold” and an average price target of $27.15.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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