RenaissanceRe Holdings (RNR) Scheduled to Post Quarterly Earnings on Wednesday
RenaissanceRe Holdings (NYSE:RNR) is scheduled to announce its Q413 earnings results on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.43 per share and revenue of $357.24 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
RenaissanceRe Holdings (NYSE:RNR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $4.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $2.11. The company had revenue of $391.57 million for the quarter, compared to the consensus estimate of $329.37 million. During the same quarter in the prior year, the company posted $3.62 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect RenaissanceRe Holdings to post $12.26 EPS for the current fiscal year and $9.22 EPS for the next fiscal year.
Shares of RenaissanceRe Holdings (NYSE:RNR) opened at 89.91 on Tuesday. RenaissanceRe Holdings has a 1-year low of $82.50 and a 1-year high of $97.53. The stock’s 50-day moving average is $91.74 and its 200-day moving average is $90.66. The company has a market cap of $3.993 billion and a P/E ratio of 9.45.
A number of research firms have recently commented on RNR. Analysts at Barclays downgraded shares of RenaissanceRe Holdings from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, January 7th. They now have a $98.00 price target on the stock, down previously from $107.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of RenaissanceRe Holdings in a research note to investors on Friday, January 3rd. They now have a $99.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of RenaissanceRe Holdings from $98.00 to $104.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $93.50.
RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance coverages and related services.
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