Old Republic International Corporation (NYSE:ORI) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ORI to report 3Q20 income of $ 0.43 per share from revenue of $ 1683.00 million.
For the full year, analysts anticipate top line of $ 6649.00 million, while looking forward to income of $ 1.70 per share bottom line.
Previous Quarter Performance
Old Republic International Corporation communicated income for the second quarter of $ 0.42 per share, from the revenue of $ 1,624.00 million. The quarterly earnings decreased 6.67 percent compared with the same quarter last year. Street analysts expected Old Republic International Corporation to report income of $ 0.40 per share on revenue of $ 1649.00 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 5.00 percent, at the same time, top line results fell short of analysts by $ 25 million or 1.52 percent.
Stock Performance
Shares of Old Republic International Corporation traded up $ 0.31 or 1.96 percent on Wednesday, reaching $ 15.86 with volume of 1.20 million shares. The stock opened down for the day at $ 15.46, after closing the previous day trading at $ 15.55.
According to the previous trading day, closing price of $ 15.55, representing a 30.89 % increase from the 52 week low of $ 11.88 and a 34.96 % decrease over the 52 week high of $ 23.91.
The company has a market capital of $ 4.82 billion and is part of the Financial Services sector and Insurance – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on August 17, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Old Republic International Corporation will be hosting a conference call at 3:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 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.
