RLI (RLI) Scheduled to Post Earnings on Monday

RLI (NYSE:RLI) is scheduled to post 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. Investors that are interested in registering for the company’s conference call can do so using this link.

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

RLI Trading Down 0.7 %

NYSE:RLI opened at $162.98 on Friday. The company has a market capitalization of $7.46 billion, a P/E ratio of 22.23 and a beta of 0.41. The business’s 50-day moving average is $153.60 and its 200 day moving average is $146.74. RLI has a 12 month low of $125.77 and a 12 month high of $164.25.

RLI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.71%. RLI’s dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on RLI. Wolfe Research initiated coverage on shares of RLI in a research note on Wednesday, October 9th. They set an “outperform” rating and a $182.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $162.00 price target on shares of RLI in a report on Tuesday, October 8th. Oppenheimer started coverage on RLI in a research note on Wednesday. They set a “market perform” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of RLI in a report on Tuesday, July 23rd. Finally, Jefferies Financial Group raised their price target on RLI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.