Progressive (NYSE:PGR) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.

Progressive (NYSE:PGR) last posted its quarterly earnings data on Tuesday, October 17th. The insurance provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.07. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Progressive had a net margin of 5.41% and a return on equity of 15.40%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. On average, analysts expect Progressive to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Progressive (NYSE:PGR) opened at $56.27 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.36. The firm has a market cap of $32,730.00, a P/E ratio of 23.45, a P/E/G ratio of 2.38 and a beta of 0.94. Progressive has a 1 year low of $35.85 and a 1 year high of $57.18.

In other news, insider M Jeffrey Charney sold 6,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $48.90, for a total value of $293,400.00. Following the sale, the insider now directly owns 108,038 shares in the company, valued at approximately $5,283,058.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William M. Cody sold 25,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $56.10, for a total transaction of $1,402,500.00. Following the completion of the sale, the insider now owns 137,722 shares in the company, valued at $7,726,204.20. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $1,992,900 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co set a $55.00 price objective on shares of Progressive and gave the stock a “hold” rating in a research report on Wednesday, December 13th. MKM Partners increased their price objective on shares of Progressive to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Credit Suisse Group reaffirmed a “hold” rating and set a $48.00 price objective on shares of Progressive in a research report on Friday, December 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price objective on shares of Progressive in a research report on Wednesday, December 6th. Finally, Goldman Sachs Group assumed coverage on shares of Progressive in a research report on Monday, December 4th. They set a “buy” rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Progressive presently has a consensus rating of “Hold” and an average target price of $50.41.

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About Progressive

The Progressive Corporation is an insurance holding company. The Company’s insurance subsidiaries and affiliates provide personal and commercial automobile and property insurance, other specialty property-casualty insurance and related services. The Company operates through the Personal Lines, Commercial Lines and Property segments.

Earnings History for Progressive (NYSE:PGR)

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