Old Republic International (ORI) to Release Earnings on Thursday

Old Republic International (NYSE:ORI) will post its quarterly earnings results before the market opens on Thursday, January 25th. Analysts expect Old Republic International to post earnings of $0.38 per share for the quarter.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.06. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. Old Republic International’s revenue was up 4.6% compared to the same quarter last year. On average, analysts expect Old Republic International to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Old Republic International (ORI) opened at $20.28 on Thursday. Old Republic International has a 52 week low of $17.92 and a 52 week high of $21.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $5,350.00, a P/E ratio of 15.02 and a beta of 1.36.

The business also recently declared a None dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, January 9th. Old Republic International’s dividend payout ratio (DPR) is currently 56.30%.

In other Old Republic International news, CFO Karl W. Mueller sold 19,052 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total value of $400,092.00. Following the transaction, the chief financial officer now directly owns 5,331 shares of the company’s stock, valued at $111,951. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO R Scott Rager sold 47,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total transaction of $997,500.00. Following the completion of the transaction, the chief operating officer now directly owns 40,000 shares in the company, valued at $840,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,552 shares of company stock worth $1,711,992. Insiders own 2.00% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, December 28th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

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About Old Republic International

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Earnings History for Old Republic International (NYSE:ORI)

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