Lemonade (LMND) Set to Announce Earnings on Tuesday

Lemonade (NYSE:LMND - Get Free Report) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Lemonade to post earnings of ($0.82) per share for the quarter. Lemonade has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Lemonade (NYSE:LMND - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported ($0.61) earnings per share for the quarter, beating analysts' consensus estimates of ($0.79) by $0.18. Lemonade had a negative net margin of 55.12% and a negative return on equity of 31.29%. The firm had revenue of $115.50 million for the quarter, compared to analyst estimates of $111.71 million. During the same quarter last year, the business posted ($0.93) earnings per share. The company's quarterly revenue was up 30.7% on a year-over-year basis. On average, analysts expect Lemonade to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Lemonade Trading Up 8.1 %

Lemonade stock traded up $1.31 during mid-day trading on Tuesday, reaching $17.47. The company had a trading volume of 1,906,531 shares, compared to its average volume of 1,793,210. Lemonade has a fifty-two week low of $10.27 and a fifty-two week high of $24.81. The company has a market cap of $1.23 billion, a P/E ratio of -5.12 and a beta of 1.89. The business has a fifty day simple moving average of $16.85 and a 200 day simple moving average of $16.18.

Insider Activity

In other Lemonade news, CFO Timothy E. Bixby acquired 10,000 shares of Lemonade stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $16.54 per share, for a total transaction of $165,400.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at $165,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.70% of the company's stock.

Analyst Ratings Changes

LMND has been the subject of several analyst reports. TD Cowen initiated coverage on shares of Lemonade in a research note on Wednesday, January 10th. They set a "market perform" rating and a $17.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of Lemonade from $16.00 to $18.00 and gave the company a "market perform" rating in a research note on Monday, March 4th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price target on shares of Lemonade in a research note on Monday, April 15th. Morgan Stanley lifted their target price on shares of Lemonade from $13.00 to $14.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 28th. Finally, Piper Sandler reissued a "neutral" rating and set a $17.00 target price on shares of Lemonade in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.11.

About Lemonade

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.