Old Republic International Corporation (NYSE:ORI) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, ORI is expected to report 2Q20 income of $ 0.40 per share from revenue of $ 1649.00 million.
For the full year, analysts anticipate top line of $ 5723.00 million, while looking forward to income of $ 1.57 per share bottom line.
Previous Quarter Performance
Old Republic International Corporation unwinded income for the first quarter of $ 0.47 per share, from the revenue of $ 1,646.00 million. The quarterly earnings raised 17.50 percent while revenues hiked 9.69 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.55 per share from $ 1341.00 million in revenue. The bottom line results beat street analysts by $ 1.02 or 185.45 percent, at the same time, top line results outshined analysts by $ 305.00 million or 22.74 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ORI was $ 17.40, representing a 46.46 % increase from the 52 week low of $ 11.88 and a 27.8 % decrease over the 52 week high of $ 24.10.
The company has a market capital of $ 5.29 billion and is part of the Financial Services sector and Insurance – Diversified industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on May 7, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Old Republic International Corporation will be hosting a conference call at 3:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.oldrepublic.com
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. The General Insurance Group segment offers automobile extended warranty, aviation, commercial automobile, commercial multi-peril, general liability, home warranty, inland marine, travel accident, and workers compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, guaranteed asset protection, and surety.
