For its second fiscal quarter (ending June 30), RLI Corp (NYSE: RLI) has reported a 5% increase in E.P.S. from $1.70 a year ago to $1.78 in the current quarter. This performance was $0.42 better than the consensus estimate of $1.36. E.P.S. were $7.36 for the latest four quarters through June 30 versus $15.71 for the same period a year ago — a decline of -53%.
Recent Price Action
On 7/22/24, RLI Corp (NYSE: RLI) stock rose slightly by 0.1%, closing at $139.57. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. The stock has performed in line with the market over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
RLI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
RLI has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RLI has a poor Appreciation Score of 16 but a slightly positive Power Rating of 65, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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