ProAssurance Corporation (NYSE:PRA) is reporting second quarter earnings results on Monday 10th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.74 per share from $ 231.79 million in revenue.
For the full year, analysts predict revenues of $ 942.45 million, while looking forward to loss of $ 0.81 per share.
Previous Quarter Performance
ProAssurance Corporation unwinded loss for the first quarter of $ 0.02 per share, from the revenue of $ 203.86 million. The quarterly revenues decreased 21.20 percent compared with the same quarter last year. According to street consensus, PRA was expected to report 1Q20 income of $ 0.04 per share from revenue of $ 279.37 million. The bottom line results missed street analysts by $ 0.06 or 150 percent, at the same time, top line results fell short of analysts by $ 75.51 million or 27.03 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PRA was $ 15.96, representing a 25.97 % increase from the 52 week low of $ 12.67 and a 62.03 % decrease over the 52 week high of $ 42.03.
The company has a market capital of $ 859.36 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on May 7, 2020. The dividend were payable on July 8, 2020 to holders of record as of the close of business on June 11, 2020 and ex-dividend date on June 10, 2020.
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, Segregated Portfolio Cell Reinsurance, and Lloyds Syndicate segments. It offers professional liability insurance for healthcare professionals and facilities; professional liability insurance for attorneys; liability insurance for medical technology and life sciences risks; and workers compensation insurance for employers, groups, and associations.
