Lemonade (LMND) Set to Announce Quarterly Earnings on Tuesday

Lemonade (NYSE:LMND) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Lemonade to post earnings of ($0.85) per share for the quarter. Lemonade has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Lemonade (NYSE:LMND) last posted its earnings results on Tuesday, April 30th. The company reported ($0.67) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.81) by $0.14. Lemonade had a negative net margin of 48.14% and a negative return on equity of 30.30%. The business had revenue of $119.10 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the prior year, the business earned ($0.95) EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, analysts expect Lemonade to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Lemonade Stock Up 3.2 %

Shares of LMND stock opened at $23.42 on Monday. The company has a 50 day moving average price of $17.65 and a 200-day moving average price of $17.16. Lemonade has a 52 week low of $10.27 and a 52 week high of $24.55. The firm has a market capitalization of $1.65 billion, a PE ratio of -7.48 and a beta of 1.78.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LMND shares. Piper Sandler lifted their target price on shares of Lemonade from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Lemonade in a research report on Monday, April 15th. Finally, Jefferies Financial Group raised their target price on Lemonade from $14.00 to $16.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.86.

Insider Transactions at Lemonade

In related news, CFO Timothy E. Bixby acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were purchased at an average price of $15.51 per share, with a total value of $232,650.00. Following the completion of the purchase, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at $387,750. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Timothy E. Bixby acquired 15,000 shares of Lemonade stock in a transaction dated Thursday, June 13th. The stock was purchased at an average cost of $15.51 per share, with a total value of $232,650.00. Following the completion of the purchase, the chief financial officer now directly owns 25,000 shares in the company, valued at approximately $387,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Timothy E. Bixby sold 2,077 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $16.03, for a total transaction of $33,294.31. Following the sale, the chief financial officer now owns 273,602 shares in the company, valued at $4,385,840.06. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

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.