Root (ROOT) Expected to Announce Quarterly Earnings on Wednesday

Root (NASDAQ:ROOT) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Root to post earnings of ($0.67) per share and revenue of $287.79 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Root Price Performance

ROOT opened at $128.33 on Wednesday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -104.33 and a beta of 2.58. Root has a 1 year low of $8.60 and a 1 year high of $141.23. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.65. The stock has a fifty day moving average price of $88.60 and a 200 day moving average price of $68.06.

Wall Street Analysts Forecast Growth

ROOT has been the subject of a number of analyst reports. UBS Group boosted their price target on Root from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $90.00 price target (up previously from $82.00) on shares of Root in a research report on Tuesday, November 5th. JMP Securities cut Root from an “outperform” rating to a “market perform” rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price target on Root from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Citizens Jmp cut Root from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.38.

Root Company Profile

Root, Inc provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies.