Old Republic International Corporation (ORI) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Old Republic International Corporation (NYSE:ORI) released its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06, Bloomberg Earnings reports. Old Republic International Corporation had a net margin of 6.45% and a return on equity of 7.50%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’s revenue was up 4.6% compared to the same quarter last year.

Old Republic International Corporation (ORI) opened at $20.83 on Monday. Old Republic International Corporation has a 12 month low of $17.17 and a 12 month high of $21.19. The firm has a market cap of $5,495.10, a PE ratio of 17.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.50.

A number of equities research analysts have issued reports on ORI shares. Zacks Investment Research upgraded shares of Old Republic International Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub downgraded shares of Old Republic International Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. Finally, Raymond James Financial, Inc. upgraded shares of Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Monday, October 30th.

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About Old Republic International Corporation

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Earnings History for Old Republic International Corporation (NYSE:ORI)

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