Root, Inc. (ROOT) reported earnings on Wed 30 Oct 24 (a/h)

 ** charts before earnings **

 

** charts after earnings **

 

 

 

 

 

 

Root, Inc. reports Q3 (Sep) results, beats on revs 

• Reports Q3 (Sep) earnings of $1.35 per share, may not be comparable to the FactSet Consensus of ($0.93); revenues rose 165.1% year/year to $305.7 mln vs the $272.77 mln FactSet Consensus.

Root, Inc. announces the successful refinancing of its term loan facility with funds and accounts managed by BlackRock Capital Investment Advisors, LLC and its affiliates

• These improved terms in the long-standing relationship enhance Root's financial flexibility and significantly improve its cost of capital.
• The amended facility consists of a six-year term loan with a principal amount of $200 mln, reducing the previous facility by $100 mln. The amended facility, effective on October 29th, will carry an interest rate of 3-month term SOFR plus 600 basis points with performance-based step-downs, reflecting a reduction of at least 300 basis points from the prior term loan. Root maintains $150 million of available capital, net of financial covenants under the amended facility, consistent with the prior facility.
• At current interest rates, the amended loan will reduce Root's interest expense by approximately 50% on a run-rate basis, further accelerating profitability and enabling increased investments in the company's strategic growth initiatives.

Earnings this week : Oct 28 - Nov 1, 24 (wk 44)

Monday (Oct 28)

• Morning: AKR BOH CNP HOPE ON PHG PRCT SJW
• Afternoon: AGYS AMKR AESI BOOT BRX BRO CDNS CALX CWH CSWC CCCS CDP CR CVI PLOW ESI EHC FFIV FLS F HLIT NARI KFRC KRC LEG LTC NWE PCH RMBS REG SAFE SBAC SKY TRNS TMDX TREX UFPI UCTT VFC WM WELL

Tuesday (Oct 29)

• Morning: AMT AWI ABG ATI BP CBZ CECO CHKP CVLT CROX GLW CTS DHI DTM EXP ECL EPD ESAB FELE ULCC GPK HEES HRMY HAYW HNI HUBB INCY IPGP ITT JBI JBLU KNSA LDOS MAS MCD MSCI NWBI NVS PAG PYPL PFE PSX PJT RITM RCL STNG SSTK SOFI SWK SYY THC XRX ZBRA
• Afternoon: ALHC ALSN AMD AMH APAM ATGE ATRC BMRN BXP CAKE CB CHE CMG CZR DVA EA EIX ENVX EQT ESS EXE EXEL EXLS EXR FCF FE FMC FSLR GOOG HURN IEX KAI LFUS LSTR MDLZ MIR MOD MTH NGVT NRDS OI OKE PFS PK PRO QRVO RDDT RSG SAGE SKWD SNAP STAG SXI SYK TXG UDMY UIS UMBF UNM V VRNS WERN WPC ZWS

Wednesday (Oct 30)

• Morning: ABBV AER ALE ARCC ARVN ADP AVNS AVT AXTA BLCO BHC BIIB BLKB BPMC EAT BG CAT CDW CHEF CLH CWEN CMCO CRTO DAN  DAY LLY EXC EXTR FVRR FLEX FTV GRMN GTES GEHC THRM ROCK GSK GPN GPI HR HES HESM HUM ITW IMAX INMD ITCI JKS KEX KHC DRS LIVN MLM MTRN MNRO NAVI NBIX NI NVCR OIS OMCL OMF OSW OPCH OSK OTIS PSN PUMP REYN SHAK SLGN SITE SCL TEX TECH COCO TW TT TTMI UTHR VRSK VMC WING XPO ZBH
• Afternoon:  ACA ACGL ACHC AEIS AFL AIN ALGT ALKT ALL ALTR AM AMGN AR ATEC AWK AX AXS BECN BHE BIO BKNG CACC CF CFLT CGNX CHRW CLX CNMD CODI COIN COLM CORT CRK CTOS CTSH CVNA CW CWST DASH DAWN  EBAY EG EIG EPR EQIX EQR ERII ETD ETSY FCPT FND FORM FRT FTAI GDDY GEN GRBK HCC HLF HLI HOOD HTGC HUBG INFA INVH IRT IRTC KLAC LMND LPLA MAA MATX MAX MCW MET META MGM MGY MMSI MPWR MSFT MSTR MTW MUSA MYRG NMFC NOVA NSA NTGR NVEE NVST NXT OHI OLED PAYC PCOR PCTY PEN PGRE PPC PRU PSA PSMT RELY RGR RIG RIOT ROKU ROOT  RSI RYAN SBUX SCI SFM SIMO SNBR SNCY SPXC SRI STAA STEM SUM TDOC TENB THG TNK TRUP TWLO UDR UMC VTR WHD WSC WTS

Thursday (Oct 31)

• Morning:  AGIO ALGM ALNY AME APG APTV ARW AVNT BALL BAND BDC BMY BTU BUD BWA CFR CI CMS CNK CNQ COP CWT DFIN DINO DNB DRVN ECVT EL EME ETN ETR FDP FLWS FSS GEL GNRC GPRE GVA GWW H HII HZO ICE IDA IDCC IDXX INSM IP IQV ITRI JHG K KIM KTB KYMR LANC LAUR LAZ LECO LI LIN LNC LNG LPG MA MBLY MBUU MDGL MGPI  MO  MRK NCLH NKLA NSP NVRI OGN OTEX PACK PATK PBF PHIN PTON PWR RBLX RDWR REGN SABR SIRI SN SO STM SWI SXC TFX TREE TRN UBER UNIT UPBD UTZ VNT WCC WEC WEN WTW XEL XYL
• Afternoon: AAPL ACCO AEM AES ALNT AMCR AMZN ARDX ASUR BJRI CNO COHU CON CPT CTRA CUBE CUBI DORM EMN FOXF GDYN HALO ICFI INTC IR JNPR KWR LMAT LNT LOCO MERC MKL MTZ ONTO RGA SBRA SEM SKYW SM SON TEAM TNC VIAV VICI VIR VRRM X

Friday (Nov 1)

• Morning: AMR ARCB ARES BTSG CAH CBOE CHD CHTR CVX D DBRG ENB ESNT FUBO GTLS IMO LYB MD MGA NVT PPL PRLB RBC TILE TROW TXNM W WAT XOM

Root, Inc. (ROOT) reported earnings on Tue 30 Apr 24 (a/h)

** charts after earnings ** 

Earnings this week : Apr 29 - May 3, 24 (wk 18)

Monday (Apr 29)

• Morning:  BEN DPZ HNI HOPE JKS ON PHG RIG RVTY SOFI
• Afternoon:  ACGL AIN AKR AMKR BRX CCK CHGG CNO COUR CVI CWK EG ESI FFIV FLS HLIT KFRC LSCC LTC MED MSA MSTR NXPI PARA PCH PLOW QGEN RMBS SANM SBAC ST SUI WELL WWD YUMC

Tuesday (Apr 30)

• Morning:  ACIW ADM AEP AMT APD ARCB ATI AWI CNP CVLT DAN DEA DTM EAT ECL EPD ETN ETRN FELE FSS GEHC GLW GPK HEES HRMY HUBB INCY IPGP IT ITW KBR KO LDOS LEA LGIH LLY MAC MASS MCD MLCO MLM MMM MPC MPLX NOG OCSL OMF PAG PCAR PEG PNM PYPL SCL SIRI SITC SYY TAP THC THRM TKR TMHC  TREE  TRS TT UFPI ZBRA
• Afternoon:  AMD AMZN AROC ASH ATEN AX BLKB BXP CACC CC CCCS CHK CLX CZR DBRG DENN EIX EQH ESS EXEL EXR FANG FBIN GPOR HI HURN INVH KAI LC LEG LFUS LMND LPLA LUMN MATX MDLZ MIR MMSI NARI NEO NMIH OI OKE PDM PINS PK POWL PRU PSA RNR  ROOT RSG SBUX SILK SKT SMCI SON STAG SWKS SYK TMDX TXG UDR UMBF UNM VNOM VOYA WERN WPC WTTR ZYXI

Wednesday (May 1)

• Morning:  ADP AER ALKS APA ARCC ASTE AVA AVT AXTA BIP BLCO BRY CDW CG CHEF CLH CNDT COCO COR CRS CTS CVS DAY DD DFIN DRS EEFT EL ENTG ESAB EXTR GNRC GPN GRMN GSK GTES IDXX JCI KHC KKR LIVN LTH MA MAR NBIX NCLH NNN NSP OGE PFE PPL PSN PUMP RGEN ROCK SHOO SITE SLGN SMG SR STGW SXC TECH TRN TTMI UTHR VRSK WEC WING WLK YUM
• Afternoon:  ACHC ACLS AEIS AFG AFL AIG ALB ALKT ALL ANSS ATRC AWK AXS BALY BHE BV BZH CAR CCRN CDE CF CHRW CODI CORT CRK CSGS CTSH CTVA CVNA CW CWAN CWH DASH DGII DLX DVN EBAY ELME ENVX EPR EQC ERII ETSY EVTC EXPI FCPT FLEX FORM FRSH FSLR FSLY GKOS GRBK HCC HLF HPP HST HTLF INFA JAZZ KAR KLIC KMPR KN MAA MCW MET MGM MKL MOS MPWR MRO MTG MTRN MUSA MYRG NFG NGVT NOVA NSA NTGR NVST PAYC PCOR PGRE PPC PRCT PRDO PTC PTEN QCOM QRVO QTWO RDN RELY RHP RLJ RSI RYN SDGR SFM SIGI SKWD SRI SRPT SUM TENB THG TROX TSLX TTEK UGI UPWK VICI VMI VTR WHD WOLF ZG

Thursday (May 2)

• Morning: AGCO AGIO ALNY AME APG APO APPN APTV ARES ARW ATUS AUPH AVNS BAX BDC BDX BPMC BRKR BTSG BTU BWA CAH CGNX CHD CI CMI CNHI CNK COP CRTO CYBR D DNB DRVN ECVT ENOV ES EXC EXLS FDP FLWS FTDR GEL GERN HAYW HII HWM ICE IDA IDCC INMD IQV IRM ITRI ITT JHG K KIM KRP KTB KYMR LAMR LANC LIN LNC LNTH LXP MBUU MCO MDU MGPI MRNA MT MTSI MUR NSIT NVCR NVRI OGN OLPX OMCL PATK PBF PBI PENN PH PJT PNW PTON PWR REGN RXO SABR SEE SHAK SHC SNDR SO SSTK SWI SWK SWTX TFX THRY TPB ULCC UPBD UTZ VMC VNT W WCC WD WEN WRK XPEL XRAY XYL ZBH ZTS
• Afternoon:  AAON AAPL ACA ACCO AEE AES ALHC ALTR AMGN AMH ARDX ASUR ATGE BBAI BECN BFAM BILL BJRI BKNG CABO CIVI CLFD COHU COIN CPT CTOS CTRA DKNG DLB DLR DRH DVA ED EOG EXPE FIVN FND FOXF FRT FTNT GDDY GDYN HOLX HTGC HUN ICFI ILMN IR IRTC JRVR KRC KURA KWR LASR LMAT LNT LOCO LYV MODV MP MSI MTZ NET OEC OHI OLED OPEN PCTY PLMR POST PTVE PXD REG REZI RGA RKT RMAX RYAN SEM SIMO SM SPT SPXC SQ STEM SWN TNDM TRUP TWST TXRH UDMY VIAV VIR VREX VRRM WK WSC WTRG WW X XHR XPOF

Friday (May 3)  

• Morning:  ADNT ATMU AXL BCPC CBOE CBRE CRBG ESNT FLGT FLR FYBR GPRE GTLS HSY KOP LNG NMRK NVT OMI PAA PRLB TILE TNC TRMB UNIT XPO

 

Root, Inc. (ROOT) reported earnings on Wed 21 Feb 24 (a/h)

** charts after earnings ** 

Earnings this week : Feb 19 - 23, 24 (wk 8)

Monday, February 19, 2024: stock, options, bond markets are closed for Presidents' Day.

Tuesday (Feb 20)

• Morning: ALLE ALE AWI AVNS BCS CNP CHH DAN DBRG DFIN NPO ETRN EXPD FLR GFL HD KBR LGIH MDT MIDD OIS OMI MD SCL SPNS TPH UFPI VC WMT WLK
• Afternoon: ABCL AMPL ANDE BCC BYON CAMT CZR CE CHK CYH CSGP CWK FANG ESI ENVX FLS GMED GPK HALO INST IFF JBT KEYS LZB MATX MTDR MTTR MED NHI NEO KAR PANW PSA O RNG SEDG SPT SUI TDOC TX TOL VNOM WSC WK

Wednesday (Feb 21)

• Morning: AGI ALIT ADI AVA BLCO CLH CSTM EXC XPRO GRMN THRM ROCK GIL GLBE DINO IONS LIVN MPW NI OGE PHIN PLAB PRG PUMP RGEN SSTK TNL UIS UTHR VRSK VRT WKME WING WIX WWW
• Afternoon: ACVA AGR AMK ANSS APA BALY BROS CAKE CCRN CDE CHDN CHRD CPK CWH DOCN ECPG ERII ETSY EXAS FIVN FNF GKOS GSHD HST HUN ICLR JACK JOBY JXN KALU KW LCID LUNG MCW MGRC MOS MRO NDSN NGVT NOVA NVDA NVRO OGS OLO ORA OUT PEB PRDO QTWO RCUS RELY RGR RIVN ROOT RRC RUN SJW SM SNPS TBI TNDM TS UCTT VAC VMEO VMI VTLE WES ZD

Thursday (Feb 22)

• Morning: AMBP AHH ARDX BIGC BRC BLDR CARS LNG CWEN D DRVN ENOV ETR FVRR FCN GNK GRAB HEES HRMY HLMN HNI NTLA IBP ITCI IRM INSM KDP KYMR LNTH LKQ MFA MGPI MRNA NABL NMRK NEM NICE NVCR NTR OPCH PCG PXD PLNT POOL PWR RYTM SU STWD FTI TECK TNK TFX TNC SHYF THRY TRN UPBD W XPEL
• Afternoon: ACA ACCO AEE ALRM ALTM ALTR AMH BBDC BKNG BMRN CABO CHUY COLD COLL CPRT CTRA CVNA DRH EIX ENV EOG EVH EXFY EXPI FND FOXF FTAI GDYN GH HCAT IMOS INDI INTU IRTC LASR LAW LYV LZ MELI MODV MP MRVI NE NOG OII OLED PBA PEN PLYA PODD RHP RKT RMAX SEM SFM SNBR SPXC SQ VCYT VICI VICR VIR WTRG ZIP

Friday (Feb 23)

• Morning: AER BLMN DCBO FYBR GTN HBM LAMR NWN RBA SSP SHO TAC WBD

Insider Trading : Fri 8/25/23

Notable purchases -- CTO adds to ROOT; notable sales -- Director active in XENE

Buyers:

• AON Director bought 800 shares at $324.575 worth ~$260K.
• AVA Chairman of the Board / 10% owner bought 3,100 shares at $32.39 - $32.40 worth ~$100K.
• EXFY 10% owner bought 67,661 shares at $4.48 - $4.50 worth ~$304K.
• GABC Director bought 6,000 shares at $28.64 worth ~$172K.
• HTLD Chief Executive Officer and Co-Trustee of 10% Owner bought a total of 54,461 shares at $14.935 - $14.99 worth ~$698K.
• OUST Director bought 30,000 shares at $5.7898 to $5.96 worth ~$177K.
• PENN Director bought 20,000 shares at $22.49 - $22.88 worth ~$453K.
• PI 10% owner Sylebra Capital bought another 74,771 shares at $59.49 worth ~$4.5 mln.
• ROOT  Chief Technology Officer bought 17,412 shares at $5.7898 - $5.96 worth ~$163K.
• RRGB 10% owner and the President & CEO bought a total of 237,536 shares at $10.15 - $10.59 worth ~$2.5 mln.
• SAVA Director bought 30,000 shares at $17.21 - $17.64 worth ~$524K.
• SEER CEO, President and Chair bought 40,000 shares at $2.49 - $2.50 worth ~$98K.
• WEST Director bought 20,000 shares at $10.00 - $10.19 worth ~$202K.
• WOLF Director bought 5,000 shares at $47.0136 worth ~$235K.

Sellers:

• CNXN President & CEO sold 35,465 shares at $52.29 - $53.60 worth ~$1.9 mln.
• TZOO 10% owner Azzurro Capital sold 75,369 shares at $6.60 -$7.03 worth ~$511K.
• XENE Director sold 25,000 shares at $38.70 - $38.79 worth ~$968K.