RLI (RLI) Scheduled to Post Quarterly Earnings on Monday

RLI (NYSE:RLI) will announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

RLI (NYSE:RLI) last released its quarterly earnings results on Monday, July 22nd. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.37. The business had revenue of $416.44 million during the quarter, compared to the consensus estimate of $561.60 million. RLI had a return on equity of 18.33% and a net margin of 20.78%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. 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 $162.99 on Friday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 22.51 and a beta of 0.41. The business has a fifty day simple moving average of $153.60 and a 200 day simple moving average of $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 declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, August 30th. RLI’s payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on RLI shares. Compass Point decreased their price objective on shares of RLI from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on RLI from $169.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Oppenheimer assumed coverage on RLI in a research note on Wednesday. They set a “market perform” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $162.00 price target on shares of RLI in a research report on Tuesday, October 8th. Finally, Wolfe Research started coverage on shares of RLI in a research report on Wednesday, October 9th. They issued an “outperform” rating and a $182.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, RLI has a consensus rating of “Moderate Buy” and a consensus target price of $173.80.

RLI Company Profile

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.