Arch Capital Group (NASDAQ:ACGL – Get Free Report) is set to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect Arch Capital Group to post earnings of $2.16 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Arch Capital Group (NASDAQ:ACGL – Get Free Report) last announced its earnings results on Monday, April 29th. The insurance provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.39. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.77 billion. Arch Capital Group had a return on equity of 21.85% and a net margin of 33.65%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 EPS. On average, analysts expect Arch Capital Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Arch Capital Group Stock Performance
Shares of ACGL opened at $96.91 on Monday. Arch Capital Group has a 12-month low of $72.85 and a 12-month high of $103.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company has a market cap of $36.39 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.61 and a beta of 0.58. The stock has a 50-day moving average price of $99.59 and a 200-day moving average price of $92.64.
Insiders Place Their Bets
Analyst Upgrades and Downgrades
A number of research firms have commented on ACGL. Evercore ISI boosted their price target on shares of Arch Capital Group from $98.00 to $100.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft raised their price target on Arch Capital Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Roth Mkm reiterated a “buy” rating and issued a $110.00 price objective on shares of Arch Capital Group in a report on Tuesday, April 30th. Morgan Stanley raised their price objective on Arch Capital Group from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company boosted their target price on Arch Capital Group from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Arch Capital Group has a consensus rating of “Moderate Buy” and an average price target of $102.87.
View Our Latest Stock Report on Arch Capital Group
About Arch Capital Group
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.
Featured Articles
- Five stocks we like better than Arch Capital Group
- How to Most Effectively Use the MarketBeat Earnings Screener
- Is Crypto Cool Again? What Stocks You Should Be Watching
- Airline Stocks – Top Airline Stocks to Buy Now
- Why Call Options Volume for These 2 Stocks Spiked Together
- What is the Dogs of the Dow Strategy? Overview and Examples
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Arch Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.