Palomar: Positive Guidance Isn't Fully Priced In [Seeking Alpha]
Palomar Holdings, Inc. - Common stock (PLMR)
Last palomar holdings, inc. - common stock earnings: 2/18 04:10 pm
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Source: Seeking Alpha
PLMR is anticipating a solid +20% bottom line expansion in the current fiscal year, based on the company's management guidance. I remain bullish on Palomar stock, as the company's favorable FY 2024 financial guidance has yet to be completely reflected in its P/E and P/B valuation metrics. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Elevator Pitch I continue to rate Palomar Holdings NASDAQ: PLMR ) as a Buy. My prior update published on September 14, 2023 touched on PLMR's favorable corporate developments and the company's stance regarding share repurchases. In the current article, I write about Palomar's latest quarterly financial performance and the company's forward-looking guidance. PLMR's share price rose by +18% last Thursday in response to the company's +17% earnings beat. However, Palomar's shares still have legs to run, as the market hasn't fully priced in its favorable net income and ROE guidance for
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PLMR
News
- Mediawan Acquires Leading German Production-Distribution Group Leonine (EXCLUSIVE) [Yahoo! Finance]Yahoo! Finance
- Palomar Holdings, Inc. Announces First Quarter 2024 Financial Results Release Date and Conference CallGlobeNewswire
- Palomar Holdings, Inc. (NASDAQ: PLMR) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- Financial Stock On The Move: Palomar Holdings (SA Quant) [Seeking Alpha]Seeking Alpha
- Palomar Holdings, Inc. (NASDAQ: PLMR) had its price target raised by analysts at Evercore ISI from $68.00 to $86.00. They now have an "in-line" rating on the stock.MarketBeat
PLMR
Earnings
- 2/14/24 - Beat
PLMR
Sec Filings
- 4/24/24 - Form 4
- 4/22/24 - Form 144
- 4/18/24 - Form 4
- PLMR's page on the SEC website