Analysts expect Argo Group (NASDAQ:ARGO) to report sales of $517.25 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Argo Group’s earnings. The highest sales estimate is $544.80 million and the lowest is $489.70 million. Argo Group posted sales of $452.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Argo Group will report full year sales of $2.01 billion for the current year, with estimates ranging from $1.99 billion to $2.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.13 billion, with estimates ranging from $2.08 billion to $2.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Argo Group.

Argo Group (NASDAQ:ARGO) last announced its quarterly earnings data on Monday, February 11th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.49. The business had revenue of $483.60 million during the quarter, compared to analysts’ expectations of $468.50 million.

A number of analysts have commented on the stock. Compass Point raised shares of Argo Group from a “neutral” rating to a “buy” rating and set a $68.10 target price for the company in a report on Tuesday, March 19th. Zacks Investment Research raised shares of Argo Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, January 14th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Argo Group has an average rating of “Buy” and an average price target of $70.82.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FTB Advisors Inc. acquired a new stake in shares of Argo Group in the fourth quarter valued at about $38,000. Spectrum Management Group Inc. acquired a new stake in Argo Group during the fourth quarter worth about $39,000. James Investment Research Inc. acquired a new stake in Argo Group during the fourth quarter worth about $46,000. AlphaOne Investment Services LLC purchased a new position in Argo Group during the fourth quarter worth about $54,000. Finally, Nisa Investment Advisors LLC purchased a new position in Argo Group during the fourth quarter worth about $59,000.

Argo Group stock traded up $0.28 during midday trading on Wednesday, reaching $72.98. 51,260 shares of the company traded hands, compared to its average volume of 127,604. Argo Group has a 12 month low of $55.10 and a 12 month high of $72.67.

About Argo Group

Argo Group International Holdings Ltd. engages in underwriting property and casualty insurance and reinsurance. The company operates through following segments: Property, Liability, Professional and Specialty. The Property segment includes both property insurance and reinsurance products. The Liability segment includes a broad range of primary and excess casualty products.

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Earnings History and Estimates for Argo Group (NASDAQ:ARGO)

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