Old Republic International Corp (NYSE: ORI) has reported earnings for its second fiscal quarter (ending June 30) of $0.35 versus $0.55 for the same period a year ago — a decline of -36%. This result fell short of the consensus estimate of $0.64 by $-0.29. For the latest four quarters through June 30, E.P.S. were $2.42 versus $2.66 for the same period a year ago — a decline of -9%.
Recent Price Action
Old Republic International Corp (NYSE: ORI) stock enjoyed a large increase of 2.1% on 7/25/24. The stock closed at $32.62. Moreover, trading volume in this advance was above average at 128% of normal. The stock has performed in line with the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ORI is expected to continue to be a Value Builder.
Old Republic has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Old Republic has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 69, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment