Palomar (NASDAQ:PLMR) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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Palomar (NASDAQ:PLMR) issued its quarterly earnings results on Monday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06, Briefing.com reports. The business had revenue of $25.41 million during the quarter, compared to analyst estimates of $24.25 million.

PLMR stock opened at $34.33 on Wednesday. Palomar has a twelve month low of $18.06 and a twelve month high of $34.74. The business’s 50-day moving average price is $26.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.39 and a current ratio of 0.39.

Several brokerages have recently issued reports on PLMR. Barclays began coverage on Palomar in a research report on Monday, May 13th. They issued an “equal weight” rating and a $20.00 price target on the stock. William Blair started coverage on Palomar in a research report on Tuesday, May 14th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on Palomar from $27.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods started coverage on Palomar in a research report on Sunday, May 12th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Evercore ISI started coverage on Palomar in a research report on Monday, May 13th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $28.00.

About Palomar

There is no company description available for Palomar Holdings Inc

See Also: P/E Growth (PEG)

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