Travelers Companies (TRV) Announces Quarterly Earnings, Beats Expectations By $0.79 EPS
Travelers Companies (NYSE:TRV) announced its earnings results on Tuesday. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.79, AmericanBankingNews.com reports. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.91 billion.
Travelers Companies (NYSE:TRV) opened at 86.40 on Tuesday. Travelers Companies has a 1-year low of $77.38 and a 1-year high of $91.68. The stock has a 50-day moving average of $84.39 and a 200-day moving average of $85.76. The company has a market cap of $30.441 billion and a price-to-earnings ratio of 8.90.
A number of research firms have recently commented on TRV. Analysts at Raymond James downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 15th. They now have a $95.00 price target on the stock. On the ratings front, analysts at Guggenheim upgraded shares of Travelers Companies from a “sell” rating to a “neutral” rating in a research note on Monday, March 31st. They now have a $88.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Companies in a research note on Tuesday, March 11th. They now have a $101.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Travelers Companies presently has a consensus rating of “Hold” and an average price target of $93.85.
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.