Old Republic International (ORI) Issues Earnings Results

Old Republic International (NYSE:ORI) posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.12, MarketWatch Earnings reports. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.56 billion. Old Republic International had a net margin of 12.01% and a return on equity of 10.18%.

NYSE ORI traded down $0.23 during trading hours on Friday, reaching $22.27. The company’s stock had a trading volume of 1,424,715 shares, compared to its average volume of 1,666,587. The firm has a market cap of $6.86 billion, a PE ratio of 20.06 and a beta of 1.06. Old Republic International has a 52 week low of $19.48 and a 52 week high of $23.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.49 and a quick ratio of 0.49.

In related news, CFO Karl W. Mueller sold 9,879 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $22.00, for a total value of $217,338.00. Following the completion of the transaction, the chief financial officer now owns 26,787 shares in the company, valued at approximately $589,314. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Separately, Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Thursday, September 27th.

ILLEGAL ACTIVITY WARNING: “Old Republic International (ORI) Issues Earnings Results” was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/2018/11/10/old-republic-international-ori-announces-quarterly-earnings-results-beats-expectations-by-0-12-eps.html.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

Read More: Trading Strategy Methods and Types

Earnings History for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply