Analysts Estimate Report : What to Look Out for The Progressive (NYSE:PGR)

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Earnings results for The Progressive (NYSE:PGR)

Progressive Corporation (The) is estimated to report earnings on 10/13/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.33. The reported EPS for the same quarter last year was $1.87.

The Progressive last issued its earnings results on August 3rd, 2021. The insurance provider reported $0.72 EPS for the quarter, missing the consensus estimate of $1.08 by $0.36. The Progressive has generated $7.47 earnings per share over the last year ($9.29 diluted earnings per share) and currently has a price-to-earnings ratio of 9.8. Earnings for The Progressive are expected to grow by 21.27% in the coming year, from $4.42 to $5.36 per share. The Progressive has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 13th, 2021 based off prior year’s report dates.

Analyst Opinion on The Progressive (NYSE:PGR)

According to the issued ratings of 13 analysts in the last year, the consensus rating for The Progressive stock is Hold based on the current 5 sell ratings, 4 hold ratings and 4 buy ratings for PGR. The average twelve-month price target for The Progressive is $95.50 with a high price target of $123.00 and a low price target of $84.00.

on PGR’s analyst rating history

The Progressive has received a consensus rating of Hold. The company’s average rating score is 1.92, and is based on 4 buy ratings, 4 hold ratings, and 5 sell ratings. According to analysts’ consensus price target of $95.50, The Progressive has a forecasted upside of 4.7% from its current price of $91.20. The Progressive has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: The Progressive (NYSE:PGR)

The Progressive has a dividend yield of 0.44%, which is in the bottom 25% of all stocks that pay dividends. The Progressive has only been increasing its dividend for 1 years. The dividend payout ratio of The Progressive is 5.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The Progressive will have a dividend payout ratio of 7.46% next year. This indicates that The Progressive will be able to sustain or increase its dividend.

Insiders buying/selling: The Progressive (NYSE:PGR)

In the past three months, The Progressive insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,460,457.00 in company stock. Only 0.37% of the stock of The Progressive is held by insiders. 82.14% of the stock of The Progressive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of The Progressive (NYSE:PGR

Earnings for The Progressive are expected to grow by 21.27% in the coming year, from $4.42 to $5.36 per share. The P/E ratio of The Progressive is 9.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of The Progressive is 9.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.48. The Progressive has a PEG Ratio of 3.51. PEG Ratios above 1 indicate that a company could be overvalued. The Progressive has a P/B Ratio of 3.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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