Palomar (NASDAQ:PLMR) Issues Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Palomar (NASDAQ:PLMR) posted its quarterly earnings data on Monday. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06, reports. The firm had revenue of $25.41 million during the quarter, compared to analyst estimates of $24.25 million.

Shares of NASDAQ:PLMR opened at $34.09 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.39 and a quick ratio of 0.39. The company has a fifty day moving average of $26.71. Palomar has a 52-week low of $18.06 and a 52-week high of $34.74.

Several research firms recently commented on PLMR. Evercore ISI reissued a “buy” rating on shares of Palomar in a research note on Monday. Zacks Investment Research downgraded Palomar from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Barclays began coverage on Palomar in a research note on Monday, May 13th. They issued an “equal weight” rating and a $20.00 price objective for the company. William Blair began coverage on Palomar in a research note on Tuesday, May 14th. They issued an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods increased their price objective on Palomar from $28.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.20.

About Palomar

There is no company description available for Palomar Holdings Inc

Read More: Why do analysts give a neutral rating?

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