Palomar (NASDAQ:PLMR – Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Palomar to post earnings of $0.81 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Palomar (NASDAQ:PLMR – Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Palomar had a net margin of 21.07% and a return on equity of 19.35%. The company had revenue of $102.35 million for the quarter, compared to the consensus estimate of $95.07 million. On average, analysts expect Palomar to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Palomar Stock Down 0.5 %
NASDAQ PLMR opened at $81.38 on Thursday. Palomar has a 12-month low of $46.09 and a 12-month high of $86.25. The company has a market capitalization of $2.03 billion, a PE ratio of 26.08 and a beta of 0.21. The firm’s 50 day moving average is $78.15 and its 200-day moving average is $64.82.
Analyst Ratings Changes
Check Out Our Latest Research Report on Palomar
Insiders Place Their Bets
In other Palomar news, President Jon Christianson sold 423 shares of Palomar stock in a transaction on Friday, January 26th. The shares were sold at an average price of $60.13, for a total transaction of $25,434.99. Following the completion of the transaction, the president now directly owns 70,612 shares of the company’s stock, valued at $4,245,899.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Palomar news, CEO Mac Armstrong sold 7,000 shares of Palomar stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $82.62, for a total transaction of $578,340.00. Following the completion of the transaction, the chief executive officer now directly owns 475,388 shares of the company’s stock, valued at $39,276,556.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Jon Christianson sold 423 shares of Palomar stock in a transaction on Friday, January 26th. The stock was sold at an average price of $60.13, for a total transaction of $25,434.99. Following the transaction, the president now directly owns 70,612 shares of the company’s stock, valued at $4,245,899.56. The disclosure for this sale can be found here. Insiders sold a total of 46,509 shares of company stock valued at $3,559,367 over the last ninety days. 4.30% of the stock is currently owned by company insiders.
Palomar Company Profile
Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.
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