Root (ROOT) Set to Announce Earnings on Tuesday

Root (NASDAQ:ROOT) will be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Root to post earnings of ($2.51) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Root (NASDAQ:ROOT) last issued its earnings results on Wednesday, February 21st. The company reported ($1.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.49) by $0.85. The company had revenue of $194.80 million during the quarter, compared to analyst estimates of $108.00 million. Root had a negative net margin of 32.40% and a negative return on equity of 73.62%. On average, analysts expect Root to post $-8 EPS for the current fiscal year and $-5 EPS for the next fiscal year.

Root Trading Up 2.8 %

Shares of NASDAQ:ROOT opened at $64.40 on Friday. The firm has a market capitalization of $940.24 million, a P/E ratio of -6.30 and a beta of 2.86. The firm has a fifty day moving average of $50.06 and a two-hundred day moving average of $23.79. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.80. Root has a 12-month low of $3.90 and a 12-month high of $85.99.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ROOT shares. Citigroup raised their price target on shares of Root from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. TD Cowen started coverage on shares of Root in a report on Wednesday, January 10th. They issued a “market perform” rating on the stock. Wells Fargo & Company lifted their target price on shares of Root from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $70.00 target price (up previously from $22.00) on shares of Root in a report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $15.00 target price on shares of Root in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Root presently has an average rating of “Hold” and a consensus price target of $21.88.

About Root

Root, Inc provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.