$517.25 Million in Sales Expected for Argo Group (ARGO) This Quarter
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 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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