Protective Insurance (PTVCA) Posts Earnings Results, Misses Expectations By $1.25 EPS

Protective Insurance (NASDAQ:PTVCA) released its earnings results on Wednesday. The company reported ($0.95) EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($1.25), Morningstar.com reports. The business had revenue of $105.80 million for the quarter. Protective Insurance had a return on equity of 3.96% and a net margin of 6.26%.

PTVCA traded up $0.65 during trading hours on Thursday, hitting $21.50. The stock had a trading volume of 21,765 shares, compared to its average volume of 4,845. Protective Insurance has a 1 year low of $20.77 and a 1 year high of $24.86. The firm has a market cap of $312.60 million, a P/E ratio of 19.13 and a beta of 0.37.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Tuesday, November 20th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend is Monday, November 19th.

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Protective Insurance Company Profile

Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance.

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Earnings History for Protective Insurance (NASDAQ:PTVCA)

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