EMC Insurance Group Inc. (EMCI) Set to Announce Quarterly Earnings on Wednesday
EMC Insurance Group Inc. (NASDAQ:EMCI) will be announcing its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
EMC Insurance Group (NASDAQ:EMCI) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.12). The firm had revenue of $160.76 million during the quarter. EMC Insurance Group had a net margin of 5.87% and a return on equity of 5.66%. On average, analysts expect EMC Insurance Group to post $1.45 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of EMC Insurance Group Inc. (NASDAQ:EMCI) opened at 29.46 on Wednesday. EMC Insurance Group Inc. has a one year low of $23.44 and a one year high of $31.47. The company has a 50-day moving average price of $28.47 and a 200 day moving average price of $27.82. The company has a market capitalization of $628.97 million, a price-to-earnings ratio of 16.54 and a beta of 0.92.
Several equities research analysts recently weighed in on EMCI shares. BidaskClub cut shares of EMC Insurance Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $30.00 target price on shares of EMC Insurance Group in a research note on Sunday, October 8th.
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About EMC Insurance Group
EMC Insurance Group Inc is an insurance holding company. The Company operates through two segments: Property and Casualty Insurance and Reinsurance segment. It conducts its property and casualty insurance operations through its subsidiaries, including EMCASCO Insurance Company, Illinois EMCASCO Insurance Company and Dakota Fire Insurance Company, and its reinsurance operations through its subsidiary, EMC Reinsurance Company.
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