Platinum Underwriters Holdings (PTP) Scheduled to Post Quarterly Earnings on Wednesday
Platinum Underwriters Holdings (NYSE:PTP) will announce its Q114 earnings results on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.22 per share and revenue of $156.91 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Platinum Underwriters Holdings (NYSE:PTP) last announced its earnings results on Wednesday, February 5th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.52. The company had revenue of $149.70 million for the quarter, compared to the consensus estimate of $147.88 million. During the same quarter in the previous year, the company posted $3.67 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts expect Platinum Underwriters Holdings to post $4.44 EPS for the current fiscal year and $4.33 EPS for the next fiscal year.
Platinum Underwriters Holdings (NYSE:PTP) opened at 60.24 on Tuesday. Platinum Underwriters Holdings has a 1-year low of $54.06 and a 1-year high of $63.60. The stock has a 50-day moving average of $59.46 and a 200-day moving average of $59.86. The company has a market cap of $1.693 billion and a price-to-earnings ratio of 8.08.
A number of research firms have recently commented on PTP. Analysts at Zacks upgraded shares of Platinum Underwriters Holdings from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $67.30 price target on the stock.
Platinum Underwriters Holdings, Ltd. (NYSE:PTP) is a holding company.
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