EMC Insurance Group (EMCI) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS
EMC Insurance Group (NASDAQ:EMCI) released its earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01, Analyst Ratings Network.com reports.
A number of analysts have recently weighed in on EMCI shares. Analysts at Zacks downgraded shares of EMC Insurance Group from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $29.50 price target on the stock. On a related note, analysts at Keefe, Bruyette & Woods cut their price target on shares of EMC Insurance Group from $34.00 to $33.00 in a research note on Tuesday, July 22nd. They now have a “market perform” rating on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of EMC Insurance Group from $39.00 to $38.00 in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. EMC Insurance Group has an average rating of “Buy” and a consensus target price of $30.19.
EMC Insurance Group (NASDAQ:EMCI) traded down 1.98% on Thursday, hitting $29.69. The stock had a trading volume of 4,283 shares. EMC Insurance Group has a 52-week low of $26.23 and a 52-week high of $36.50. The stock’s 50-day moving average is $31.08 and its 200-day moving average is $31.64. The company has a market cap of $399.6 million and a price-to-earnings ratio of 10.03.
EMC Insurance Group Inc is an insurance holding company. The Company conducts operations in property and casualty insurance, and reinsurance through its subsidiaries.
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