RLI (RLI) Set to Announce Earnings on Monday

RLI (NYSE:RLI) will be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect RLI to post earnings of $0.92 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

RLI (NYSE:RLI) last released its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.37. The business had revenue of $416.44 million during the quarter, compared to analyst estimates of $561.60 million. RLI had a net margin of 20.78% and a return on equity of 18.33%. RLI’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 EPS. On average, analysts expect RLI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

RLI Price Performance

Shares of RLI opened at $157.45 on Monday. The company has a market capitalization of $7.20 billion, a PE ratio of 21.48 and a beta of 0.41. RLI has a one year low of $125.77 and a one year high of $160.47. The company’s fifty day moving average price is $152.03 and its 200 day moving average price is $146.24.

RLI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.16 annualized dividend and a yield of 0.74%. RLI’s dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of RLI in a report on Wednesday, October 9th. They issued an “outperform” rating and a $182.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of RLI from $169.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Royal Bank of Canada restated a “sector perform” rating and set a $162.00 price objective on shares of RLI in a report on Tuesday, October 8th. Compass Point dropped their price objective on shares of RLI from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, JMP Securities restated a “market perform” rating on shares of RLI in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.80.

About RLI

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.