Patriot National (PN) Tops Q3 EPS by 1c
Patriot National (NYSE: PN) reported Q3 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $58.5 million versus the consensus estimate of $57.91 million.
For the full year ending December 31, 2015 and 2016, respectively, Patriot National currently expects the following financial results.
(millions) | 2015 | 2016 | ||
Range | Range | |||
Total Fee Income1 | $206 - $209 | $280 - $290 | ||
GAAP Net Income | $5 - $7 | $31 - $33 | ||
Adjusted Earnings | $22 - $23 | $34 - $36 | ||
Adjusted EBITDA | $53.5 - $54.5 | $76 - $79 | ||
Operating Cash Flows | $42 - $44 | $50 - $52 | ||
(1) Total fee income includes the expected contribution from announced acquisitions through November 9, 2015, which are expected to contribute fee income of $29-$31 m
For earnings history and earnings-related data on Patriot National (PN) click here.