Analysts Expect Validus Holdings, Ltd. (VR) Will Post Earnings of $0.94 Per Share

Wall Street brokerages predict that Validus Holdings, Ltd. (NYSE:VR) will post $0.94 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Validus’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.66. Validus posted earnings of $0.80 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.5%. The firm is expected to announce its next earnings report on Wednesday, February 7th.

On average, analysts expect that Validus will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to $0.08. For the next year, analysts anticipate that the company will report earnings of $4.12 per share, with EPS estimates ranging from $3.75 to $4.55. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Validus.

Validus (NYSE:VR) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.30) by $0.08. Validus had a negative net margin of 1.38% and a negative return on equity of 0.49%. The business had revenue of $407.00 million during the quarter, compared to analysts’ expectations of $453.04 million. During the same period in the previous year, the company earned $1.02 EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis.

VR has been the subject of a number of research reports. Bank of America Corporation raised shares of Validus from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. Buckingham Research assumed coverage on shares of Validus in a report on Monday, September 11th. They issued a “buy” rating and a $52.00 target price for the company. ValuEngine raised shares of Validus from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Validus from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, UBS AG reduced their target price on shares of Validus from $57.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Validus currently has an average rating of “Hold” and a consensus price target of $54.83.

Shares of Validus (VR) traded down $0.40 on Thursday, reaching $48.54. 120,085 shares of the company were exchanged, compared to its average volume of 808,339. Validus has a 52-week low of $41.15 and a 52-week high of $58.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.13%. Validus’s dividend payout ratio (DPR) is -233.84%.

In other Validus news, CEO Lixin Zeng sold 26,136 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.10, for a total value of $1,361,685.60. Following the sale, the chief executive officer now owns 57,855 shares of the company’s stock, valued at $3,014,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Kean Driscoll sold 6,875 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $50.30, for a total transaction of $345,812.50. The disclosure for this sale can be found here. Corporate insiders own 2.33% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in shares of Validus by 1.8% during the second quarter. Teacher Retirement System of Texas now owns 6,354 shares of the insurance provider’s stock valued at $330,000 after buying an additional 112 shares during the period. The Manufacturers Life Insurance Company raised its stake in Validus by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 219 shares during the period. IFP Advisors Inc raised its stake in Validus by 14.0% during the second quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after purchasing an additional 265 shares during the period. PNC Financial Services Group Inc. raised its stake in Validus by 5.5% during the second quarter. PNC Financial Services Group Inc. now owns 5,210 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 272 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Validus by 10.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after purchasing an additional 278 shares during the period. 95.07% of the stock is currently owned by institutional investors.

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Validus Company Profile

Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.

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