Earnings from Donegal Group Inc. [DGICA] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
DGICA Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.35 per share on revenue of $196.07M. Taking a look at the future, the company is projected to report revenue of $199.11M at an earnings per share of $0.27 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 5.60% in revenue and -1.24% in earnings per share for the company.
DGICA Stock Earnings Forecast For The Current Year
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
For the full financial year, Donegal Group Inc. [NASDAQ:DGICA] is forecasted to generate revenue of $803.87M. The figure is about $26.05 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.37 in 2021, which is -$0.42 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -23.50% this year, -1.50% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 3.30% in current fiscal year and 5.60% over following year.
DGICA Stock Price Performance
At a last check today, Donegal Group Inc. [NASDAQ:DGICA] finished down -0.47% at $16.17. The stock’s day high price was $16.39, and its lowest was $16.20. Its price fall -0.98% in the last five days. Since the beginning of the year, Donegal Group Inc.’s shares are up nearly 15.49%. However, the share price is -1.86% below its one year high. The top price reached by the shares of the company was $16.48 on 04/19/21, while the 52-week low came on 02/01/21, when the shares were $13.35. In the past year, shares of the company have risen 8.77%. At 50 days, the moving average achieved is $14.95 while at 200 days, the moving average is $14.46. There were 35287.0 shares traded in the last session, down from 56800.0 in the previous session.
Donegal Group Inc. [NASDAQ:DGICA] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 9.08, Donegal Group Inc. [DGICA] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 13.54 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.62 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.21 for the industry, which means DGICA offers an attractive investment opportunity than its competitors do.
DGICA Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 16.17 level, and the violation of this level will cause a further drop to 16.17 level. At the upper end, 16.55 remains a key resistance. As the stock increases, it may find resistance at 16.47. In the 14-day chart, the Relative Strength Index standing at 68.21 suggests a technical neutral stance while the MACD standing at 0.32 indicates price will decrease in the next trading period. Stochastic %K at 84.39% suggests selling the stock while Percent R indicator at 19.44% suggests bullish price movement.
How much is the short interest in Donegal Group Inc.?
There have been a drop in short interest in the Donegal Group Inc. Financial stock, with short interest down by 22800.0 shares to 0.12 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 95040.0 shares. This 19.35% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 0.67% of the overall float in the stock, while the stock’s days to cover moved to 0.99.
How do analysts view Donegal Group Inc.?
In regard to the share price forecast for Donegal Group Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $18.50 in the next twelve months, representing almost an 12.59% growth from its recent price of $16.17. Among Donegal Group Inc. stock projections, $20.00 is the highest analyst target for the stock, while $17.00 is the lowest. Despite this, 3 analysts who share their consensus rating for DGICA in 2021 agree that the stock is an Overweight.