ProAssurance (PRA) Set to Announce Quarterly Earnings on Monday

ProAssurance (NYSE:PRA) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect ProAssurance to post earnings of $0.04 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

ProAssurance (NYSE:PRA) last issued its quarterly earnings results on Tuesday, February 27th. The insurance provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The business had revenue of $296.96 million during the quarter, compared to analyst estimates of $252.74 million. ProAssurance had a negative net margin of 3.39% and a negative return on equity of 0.53%. ProAssurance’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 earnings per share. On average, analysts expect ProAssurance to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ProAssurance Stock Performance

Shares of PRA opened at $13.83 on Friday. ProAssurance has a 12-month low of $11.76 and a 12-month high of $19.38. The stock has a market capitalization of $704.92 million, a P/E ratio of -18.69 and a beta of 0.21. The firm’s 50 day moving average is $12.83 and its 200-day moving average is $13.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.27.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler dropped their price target on ProAssurance from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, March 4th. Truist Financial reduced their target price on ProAssurance from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, February 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price target on shares of ProAssurance in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

About ProAssurance

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, and Segregated Portfolio Cell Reinsurance segments. It offers professional liability insurance to healthcare providers and institutions, and attorneys and their firms; medical technology liability insurance to medical technology and life sciences companies; and custom alternative risk solutions, including assumed reinsurance, loss portfolio transfers, and captive cell programs for healthcare professional liability insureds.