Bowhead Specialty (NYSE:BOW) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Bowhead Specialty reported quarterly EPS of $0.54, beating analyst estimates by $0.03. Revenue totaled $171.77 million, substantially below the $278.64 million consensus estimate.
• The stock opened at $34.19, near its 52-week high of $35.24, with a $1.13 billion market capitalization and an 18.47 price-to-earnings ratio.
• Analyst sentiment is largely cautious: nine analysts rate the stock Hold and one rates it Buy, producing an average rating of Hold and a consensus price target of $33.50.

Bowhead Specialty (NYSE:BOW - Get Free Report) announced its earnings results on Tuesday. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03, Zacks reports. Bowhead Specialty had a return on equity of 14.05% and a net margin of 10.11%. The company had revenue of $171.77 million for the quarter, compared to analyst estimates of $278.64 million.

Bowhead Specialty Price Performance

BOW stock opened at $34.19 on Tuesday. The company has a market capitalization of $1.13 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.01 and a beta of -0.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. Bowhead Specialty has a 52-week low of $21.21 and a 52-week high of $35.24. The business has a 50-day simple moving average of $33.86 and a two-hundred day simple moving average of $28.58.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOW. Keefe, Bruyette & Woods lifted their target price on Bowhead Specialty from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 8th. Morgan Stanley raised their price objective on shares of Bowhead Specialty from $30.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft lowered shares of Bowhead Specialty from a "buy" rating to a "hold" rating and set a $34.00 price objective for the company. in a research note on Monday, August 3rd. Citizens Jmp downgraded shares of Bowhead Specialty from an "outperform" rating to a "market perform" rating in a research report on Thursday, September 10th. Finally, Piper Sandler cut shares of Bowhead Specialty from an "overweight" rating to a "hold" rating and set a $34.00 price target for the company. in a report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.50.

About Bowhead Specialty

Bowhead Specialty NYSE: BOW is a specialty insurance holding company that provides coverage for complex and hard-to-place risks. Through its insurance subsidiaries, the company primarily underwrites specialty products for businesses and organizations across the United States.

Its offerings include casualty insurance, professional liability coverage, healthcare-related liability products and other specialty lines. Bowhead distributes its products primarily through wholesale insurance brokers, serving customers whose needs may not be met by standard commercial insurance carriers.

The company was established in 2020 and became a publicly traded company in 2024.

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