James River Group Holdings Ltd (NASDAQ: JRVR) has reported earnings for its second fiscal quarter (ending June 30) of $0.31 versus $0.25 for the same period a year ago — an increase of 24%. However, this result fell short of the consensus estimate of $0.43 by $-0.12. For the latest four quarters through June 30, E.P.S. were $1.89 compared to $0.53 a year ago — an increase of 257%.
Recent Price Action
James River Group Holdings Ltd (NASDAQ: JRVR) stock declined by -3.6% on 8/5/24. The shares closed at $7.51. However, this decline was accompanied by unusually low trading volume at 65% of normal. The stock has been weak relative to the market over the last nine months and has declined -10.8% during the last week.
Current PriceTarget Research Rating
JRVR is expected to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
James River Group Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. James River Group Holdings has a good Appreciation Score of 73 but a slightly negative Power Rating of 30, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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