Company Update (NYSE:TRV): Travelers Schedules Conference Call to Review Second Quarter 2016 Results
June 08, 2016 at 09:13 AM EDT
[Business Wire] – The Travelers Companies, Inc. will review its second quarter 2016 results at 9 a.m. ET on Thursday, July 21, following the release of results earlier that morning. Read more on this. The Travelers Companies, Inc. (TRV) , with a current market cap of $33.28B, opened at $113.55. Shares have traded today between $113.55 and $114.50 per share with its 52-week range being $95.21 to $118.28. Priced at 11.87x this year’s forecasted earnings, TRV shares are relatively inexpensive compared to the industry’s 16.82x forward p/e ratio. And for income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 2.34%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $2.21 per share, which would be $0.31 worse than the year-ago quarter and a $0.06 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $9.57 would be a $1.30 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.37 Billion. If realized, that would be a 3.24% increase over the year-ago quarter. More recently, Piper Jaffray Initiated TRV at Neutral (Jul 17, 2015). Previously, BofA/Merrill upgraded TRV from Neutral to Buy. The average price target for TRV shares by the analysts covering the stock is $112.68, which is 0.77% below where the stock opened this morning. See more in (NYSE:TRV) Similar Articles: Market Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Announces 2016 Personal Insurance Agents of the Year Company Update: The Travelers Companies Inc (NYSE:TRV) – Travelers Reports First Quarter Net and Operating Income of $2.30 and $2.33 per Diluted Share, Respectively, Including Catastrophe Losses of $0.69 per Diluted Share Market Update: ACE Limited (NYSE:ACE) – ACE to Hold its Fourth Quarter Earnings Conference Call on Wednesday, January 27, 2016