Donegal Group (DGICA) to Release Quarterly Earnings on Thursday

Donegal Group (NASDAQ:DGICA) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, February 22nd. The insurance provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.34). Donegal Group had a return on equity of 0.40% and a net margin of 0.48%. The company had revenue of $239.47 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the firm earned $0.09 EPS. On average, analysts expect Donegal Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Donegal Group Price Performance

Shares of NASDAQ:DGICA opened at $13.83 on Tuesday. Donegal Group has a fifty-two week low of $13.10 and a fifty-two week high of $15.76. The business has a 50-day moving average of $13.91 and a two-hundred day moving average of $14.16. The stock has a market capitalization of $461.78 million, a P/E ratio of 98.79 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.40 and a quick ratio of 0.40.

Donegal Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Tuesday, May 7th. This is a boost from Donegal Group’s previous quarterly dividend of $0.17. Donegal Group’s payout ratio is currently 485.71%.

Analysts Set New Price Targets

Separately, StockNews.com cut Donegal Group from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.