The Navigators Group (NAVG) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
The Navigators Group (NASDAQ:NAVG) released its earnings data on Thursday. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01, American Banking News.com reports. The company had revenue of $231.86 million for the quarter, compared to the consensus estimate of $244.87 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis.
NAVG has been the subject of a number of recent research reports. Analysts at Sandler O’Neill upgraded shares of The Navigators Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Analysts at Keefe, Bruyette & Woods raised their price target on shares of The Navigators Group from $61.00 to $67.00 in a research note on Monday, May 12th.
Shares of The Navigators Group (NASDAQ:NAVG) traded down 0.55% during mid-day trading on Thursday, hitting $61.54. The stock had a trading volume of 16,988 shares. The Navigators Group has a 52 week low of $53.58 and a 52 week high of $68.25. The stock has a 50-day moving average of $64.47 and a 200-day moving average of $61.58. The company has a market cap of $877.3 million and a price-to-earnings ratio of 11.47.
The Navigators Group, Inc is an international insurance company focusing on specialty products within the overall property casualty insurance market.
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