Endurance Specialty Holdings Sees Significant Increase in Short Interest (ENH)
Shares of Endurance Specialty Holdings (NYSE:ENH) were the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,708,007 shares, a growth of 54.1% from the April 30th total of 1,108,611 shares, AnalystRatings.NET reports. Based on an average daily volume of 445,166 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.0% of the shares of the company are sold short.
Separately, analysts at Zacks upgraded shares of Endurance Specialty Holdings from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $61.40 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.91.
Endurance Specialty Holdings (NYSE:ENH) opened at 51.64 on Thursday. Endurance Specialty Holdings has a 52 week low of $47.99 and a 52 week high of $58.83. The stock’s 50-day moving average is $51.82 and its 200-day moving average is $53.47. The company has a market cap of $2.307 billion and a P/E ratio of 8.07.
Endurance Specialty Holdings (NYSE:ENH) last released its earnings data on Monday, May 5th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $1.10. The company had revenue of $440.77 million for the quarter, compared to the consensus estimate of $920.34 million. During the same quarter in the previous year, the company posted $2.08 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. Analysts expect that Endurance Specialty Holdings will post $6.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, June 12th.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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