$0.84 EPS Expected for W. R. Berkley Corp (WRB) This Quarter

Equities research analysts forecast that W. R. Berkley Corp (NYSE:WRB) will report $0.84 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for W. R. Berkley’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.65. W. R. Berkley posted earnings per share of $0.76 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The business is expected to announce its next earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that W. R. Berkley will report full-year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.75 to $4.07. For the next year, analysts expect that the company will post earnings of $3.82 per share, with EPS estimates ranging from $3.74 to $3.90. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for W. R. Berkley.

W. R. Berkley (NYSE:WRB) last announced its quarterly earnings results on Tuesday, October 23rd. The insurance provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.28. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. W. R. Berkley had a net margin of 8.64% and a return on equity of 9.03%. W. R. Berkley’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS.

Separately, Zacks Investment Research lowered shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.50.

WRB stock traded down $0.65 during midday trading on Friday, reaching $75.73. 402,382 shares of the company’s stock traded hands, compared to its average volume of 444,251. The firm has a market capitalization of $9.25 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.13 and a beta of 0.85. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. W. R. Berkley has a 52 week low of $67.12 and a 52 week high of $80.68.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 27th. W. R. Berkley’s dividend payout ratio is 24.39%.

A number of institutional investors and hedge funds have recently bought and sold shares of WRB. Bank of Montreal Can purchased a new position in W. R. Berkley during the 2nd quarter worth $996,000. Janney Montgomery Scott LLC boosted its holdings in W. R. Berkley by 4.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 31,857 shares of the insurance provider’s stock worth $2,307,000 after acquiring an additional 1,461 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in W. R. Berkley by 50.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 32,686 shares of the insurance provider’s stock worth $2,367,000 after acquiring an additional 11,026 shares during the last quarter. Alps Advisors Inc. purchased a new position in W. R. Berkley during the 2nd quarter worth $207,000. Finally, BP PLC purchased a new position in W. R. Berkley during the 2nd quarter worth $941,000. 71.03% of the stock is currently owned by hedge funds and other institutional investors.

W. R. Berkley Company Profile

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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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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