W. R. Berkley (NYSE:WRB) will post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect W. R. Berkley to post earnings of $0.91 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, January 29th. The insurance provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. W. R. Berkley had a net margin of 8.33% and a return on equity of 9.39%. On average, analysts expect W. R. Berkley to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
WRB stock opened at $57.87 on Tuesday. The stock has a market cap of $10.51 billion, a P/E ratio of 21.67, a P/E/G ratio of 2.52 and a beta of 0.75. W. R. Berkley has a 52 week low of $45.91 and a 52 week high of $58.05. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, March 13th. W. R. Berkley’s dividend payout ratio is currently 14.98%.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of W. R. Berkley from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. ValuEngine downgraded shares of W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Credit Suisse Group raised shares of W. R. Berkley from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $51.67 to $58.67 in a report on Wednesday, February 27th. Finally, Morgan Stanley decreased their price objective on shares of W. R. Berkley from $49.33 to $48.67 and set an “equal weight” rating on the stock in a report on Thursday, January 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $52.93.
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About W. R. Berkley
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.
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