Argo Group International Holdings, Ltd. (NYSE:ARGO) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.62 per share.
For the full year, analysts predict revenues of $ 1758.72 million, while looking forward to income of $ 0.13 per share.
Previous Quarter Performance
Argo Group International Holdings, Ltd. unveiled loss for the second quarter of $ 0.14 per share, from the revenue of $ 433.40 million. The quarterly revenues developed 0.39 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.32 per share from $ 436.03 million in revenue. The bottom line results beat street analysts by $ 0.18 or 56.25 percent, at the same time, top line results fell short of analysts by $ 2.63 million or 0.6 percent.
Stock Performance
On Friday, shares of Argo Group International Holdings, Ltd. has traded high as $ 36.47 and has cracked $ 35.32 on the downward trend, reaching $ 35.68 with volume of 210.20 thousand shares.
According to the previous trading day, closing price of $ 35.68, representing a 45.92 % increase from the 52 week low of $ 25.00 and a 48.21 % decrease over the 52 week high of $ 70.44.
The company has a market capital of $ 1.24 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 18th September 2020, initiated by Compass Point at Buy rating, with $ 41.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.31 per share on August 7, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S.
