| 2017 | 2018 | 2019 | 2020 (projected) | Cash and Equivalents | 275.3 M | 75 M | 227.4 M | 191.5 M | Total Assets | 38.7 B | 46.58 B | 54.9 B | 59.23 B |
Reasons Progressive (NYSE:PGR) can excite retail investors
 | By Raphi Shpitalnik | Macroaxis Story |
Progressive Dividend Yield is relatively stable at the moment as compared to the past year. Progressive reported last year Dividend Yield of 0.0171. As of 08/19/2020, Earnings per Basic Share is likely to grow to 7.28, while Average Assets are likely to drop slightly above 42.8 B. As many baby boomers are still indifferent towards financial services space, it makes sense to sum up Progressive. We will analyze why it could be a much better year for Progressive shareholders. In this post, I will also go over a few different drivers affecting Progressive's products and services, and explain how it may impact Progressive retail investors.
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Reviewed by Rifka Kats
The company's average rating is Hold from 14 analysts. Macroaxis provides advice on Progressive to complement and cross-verify current analyst consensus on Progressive. Our recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. The performance of Progressive Corp in the marketplace will significantly impact your decision to invest in its stock. Revenue growth, profitability, competitive positioning, management quality, and industry trends can influence Progressive Corp's stock prices. When investing in Progressive Corp, there are several factors to consider and potential outcomes to expect. As a company performs well, its stock price may increase, allowing investors to benefit from price appreciation. However, Progressive Stock can experience significant price fluctuations due to market conditions, economic factors, industry trends, or company-specific news. This is why investing in stocks such as Progressive Corp carries risks, including the potential for capital loss. Stock prices can decline, and investors may incur losses if they sell shares at a lower price than their initial investment.
And What about dividends?
A dividend is the distribution of a portion of Progressive Corp earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Progressive Corp dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Progressive one year expected dividend income is about USD0.55 per share.
As of 04/19/2024, Dividend Paid And Capex Coverage Ratio is likely to grow to 436.54, though Dividends Paid is likely to grow to (263.7 M). | Last Reported | Projected for Next Year | ||
| Dividends Paid | -277.6 M | -263.7 M | |
| Dividend Yield | 0 | 0 | |
| Dividend Payout Ratio | 0.07 | 0.07 | |
| Dividend Paid And Capex Coverage Ratio | 415.75 | 436.54 |
Investing in dividend-paying stocks, such as Progressive Corp is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Progressive Corp must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Progressive Corp. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.How important is Progressive Corp's Liquidity
Progressive Corp financial leverage refers to using borrowed capital as a funding source to finance Progressive Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Progressive Corp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Progressive Corp's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Progressive Corp's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Progressive Corp's total debt and its cash.
What do experts say about Progressive?
Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
Analysis ConsensusWhat is driving Progressive Corp Investor Appetite?
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Progressive has an asset utilization ratio of 135.95 percent. This connotes that the company is making $1.36 for each dollar of assets. An increasing asset utilization means that Progressive is more efficient with each dollar of assets it utilizes for everyday operations.
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Progressive Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.