Zacks: Brokerages Anticipate Watford Hldg Ltd (WTRE) to Post $0.71 Earnings Per Share

Equities research analysts expect Watford Hldg Ltd (NASDAQ:WTRE) to report $0.71 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Watford’s earnings. The firm is scheduled to issue its next earnings results on Tuesday, July 30th.

On average, analysts expect that Watford will report full year earnings of $4.28 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $3.55 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Watford.

Watford (NASDAQ:WTRE) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.72 by ($1.62). The business had revenue of $205.04 million for the quarter.

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Watford in a research note on Sunday. They issued a “market perform” rating and a $25.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Watford in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $30.00 price target on the stock. Finally, Barclays assumed coverage on shares of Watford in a research note on Monday, April 22nd. They issued an “equal weight” rating and a $29.00 price target on the stock.

In other Watford news, insider Jon D. Levy bought 4,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average cost of $24.77 per share, for a total transaction of $99,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicolas Papadopoulo bought 20,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $24.95 per share, for a total transaction of $499,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 49,200 shares of company stock worth $1,253,704.

Large investors have recently bought and sold shares of the stock. First Republic Investment Management Inc. purchased a new position in Watford in the 1st quarter valued at $334,000. Price Wealth Management Inc. purchased a new position in Watford in the 1st quarter valued at $334,000. JPMorgan Chase & Co. purchased a new position in Watford in the 1st quarter valued at $1,471,000. Blackstone Group L.P. purchased a new position in Watford in the 1st quarter valued at $1,605,000. Finally, Element Pointe Advisors LLC purchased a new position in Watford in the 1st quarter valued at $3,344,000. Hedge funds and other institutional investors own 0.94% of the company’s stock.

Shares of Watford stock opened at $25.85 on Thursday. Watford has a 52 week low of $23.70 and a 52 week high of $28.94.

About Watford

Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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