Progressive (PGR) to Release Earnings on Tuesday

Progressive (NYSE:PGR) is set to announce its earnings results before the market opens on Tuesday, April 17th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.

Progressive (NYSE:PGR) last released its quarterly earnings results on Wednesday, January 24th. The insurance provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. Progressive had a return on equity of 15.96% and a net margin of 5.93%. The business’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. On average, analysts expect Progressive to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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NYSE:PGR opened at $60.07 on Monday. The firm has a market cap of $35,227.70, a PE ratio of 22.84, a PEG ratio of 2.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.43 and a quick ratio of 0.43. Progressive has a 52-week low of $38.61 and a 52-week high of $62.74.

Several research analysts have recently issued reports on PGR shares. UBS lifted their price target on Progressive from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. MKM Partners lifted their price target on Progressive from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Wells Fargo set a $57.00 price target on Progressive and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Zacks Investment Research downgraded Progressive from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, ValuEngine raised Progressive from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.56.

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Progressive Company Profile

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles.

Earnings History for Progressive (NYSE:PGR)

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