Bowhead Specialty (NYSE:BOW) Releases Q3 Earnings Guidance

Bowhead Specialty (NYSE:BOW) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.36-0.39 for the period, compared to the consensus earnings per share estimate of $0.32.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price objective on shares of Bowhead Specialty in a research report on Wednesday, August 7th. JMP Securities upped their price objective on shares of Bowhead Specialty from $31.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.40.

Bowhead Specialty Stock Performance

Shares of Bowhead Specialty stock opened at $29.53 on Friday. Bowhead Specialty has a twelve month low of $22.14 and a twelve month high of $32.55. The company has a 50-day moving average of $29.45.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $94.28 million. The business’s revenue was up 51.0% compared to the same quarter last year. Sell-side analysts forecast that Bowhead Specialty will post 1.3 EPS for the current year.

Bowhead Specialty Company Profile

Bowhead Specialty Holdings Inc provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments.