Root (ROOT) Expected to Post Quarterly Earnings on Wednesday

Root (NASDAQ:ROOT) is expected to release its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Root to post earnings of $0.8280 per share and revenue of $395.1430 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 5:00 PM ET.

Root (NASDAQ:ROOT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $1.25. Root had a return on equity of 19.97% and a net margin of 3.58%.The firm had revenue of $393.50 million during the quarter, compared to analyst estimates of $398.16 million. During the same period in the previous year, the company earned $1.07 earnings per share. Root’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts expect Root to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Root Trading Up 2.9%

Shares of NASDAQ ROOT opened at $61.40 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $57.04 and its two-hundred day moving average price is $56.11. Root has a 52-week low of $40.91 and a 52-week high of $129.53. The stock has a market capitalization of $971.96 million, a P/E ratio of 18.38 and a beta of 2.85.

Institutional Investors Weigh In On Root

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in shares of Root by 780.1% during the fourth quarter. Millennium Management LLC now owns 220,815 shares of the company’s stock valued at $15,949,000 after acquiring an additional 195,725 shares during the period. UBS Group AG increased its holdings in shares of Root by 372.1% in the 3rd quarter. UBS Group AG now owns 228,738 shares of the company’s stock worth $20,474,000 after acquiring an additional 180,289 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Root by 132.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 170,476 shares of the company’s stock worth $12,313,000 after acquiring an additional 97,149 shares during the period. Boothbay Fund Management LLC lifted its position in Root by 967.8% in the 4th quarter. Boothbay Fund Management LLC now owns 90,784 shares of the company’s stock valued at $6,557,000 after purchasing an additional 82,282 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Root by 8.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 946,632 shares of the company’s stock valued at $68,376,000 after purchasing an additional 74,427 shares during the last quarter. 59.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ROOT. Wells Fargo & Company raised their price objective on Root from $58.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Root from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. UBS Group set a $50.00 price objective on shares of Root and gave the company a “neutral” rating in a research report on Monday, May 11th. TD Cowen reiterated a “hold” rating on shares of Root in a research note on Wednesday, June 17th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Root from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.00.

Root Company Profile

Root, trading on the Nasdaq under the ticker ROOT, is a Columbus, Ohio–based insurance company that leverages mobile technology and data analytics to offer personalized auto insurance policies. Founded in 2015 by Alex Timm and Dan Manges, Root set out to transform traditional underwriting by focusing on individual driving behavior rather than broad demographic factors.

The company’s core product is usage-based auto insurance, delivered through a smartphone app that monitors driving patterns such as speed, braking and phone usage behind the wheel.