Lemonade (LMND) to Release Quarterly Earnings on Wednesday

Lemonade (NYSE:LMND) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of ($1.02) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, July 30th. The company reported ($0.81) EPS for the quarter, beating the consensus estimate of ($0.88) by $0.07. The firm had revenue of $122.00 million during the quarter, compared to the consensus estimate of $121.77 million. Lemonade had a negative return on equity of 30.34% and a negative net margin of 44.24%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company earned ($0.97) earnings per share. On average, analysts expect Lemonade to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.

Lemonade Trading Up 1.2 %

Lemonade stock opened at $18.65 on Tuesday. The company has a market capitalization of $1.32 billion, a PE ratio of -6.28 and a beta of 1.77. Lemonade has a 12 month low of $10.27 and a 12 month high of $24.55. The stock has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $17.57.

Insider Activity

In other news, CFO Timothy E. Bixby sold 2,050 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $18.24, for a total value of $37,392.00. Following the completion of the sale, the chief financial officer now owns 271,552 shares of the company’s stock, valued at approximately $4,953,108.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

LMND has been the subject of several research reports. Jefferies Financial Group dropped their target price on Lemonade from $15.00 to $14.00 and set an “underperform” rating for the company in a research report on Wednesday, October 9th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Lemonade in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.17.

Lemonade Company Profile

Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.