Donegal Group (DGICA) Set to Announce Earnings on Thursday

Donegal Group (NASDAQ:DGICA) will be issuing 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. Parties interested in listening to the company’s conference call can do so using this link.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Thursday, February 22nd. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.34). Donegal Group had a return on equity of 0.40% and a net margin of 0.48%. The firm had revenue of $239.47 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. 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 $13.80 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.07. Donegal Group has a 1 year low of $13.10 and a 1 year high of $15.76. The business has a fifty day simple moving average of $13.90 and a 200 day simple moving average of $14.16. The firm has a market cap of $460.78 million, a price-to-earnings ratio of 98.57 and a beta of -0.07.

Donegal Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.172 per share. This represents a $0.69 annualized dividend and a dividend yield of 4.99%. This is a positive change from Donegal Group’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, May 7th. Donegal Group’s dividend payout ratio (DPR) is currently 485.71%.

Analysts Set New Price Targets

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

About Donegal Group

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.