Endurance Specialty Holdings (ENH) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS
Endurance Specialty Holdings (NYSE:ENH) issued its quarterly earnings data on Monday. The company reported $1.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.14, StockRatingsNetwork reports. The company had revenue of $511.40 million for the quarter, compared to the consensus estimate of $518.60 million. During the same quarter last year, the company posted $1.21 earnings per share. Endurance Specialty Holdings’s revenue was up 10.1% compared to the same quarter last year.
Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 1.02% during mid-day trading on Monday, hitting $53.66. 696,924 shares of the company’s stock traded hands. Endurance Specialty Holdings has a 52 week low of $49.29 and a 52 week high of $58.83. The stock has a 50-day moving average of $52.50 and a 200-day moving average of $52.49. The company has a market cap of $2.397 billion and a price-to-earnings ratio of 8.29.
A number of analysts have recently weighed in on ENH shares. Analysts at Janney Montgomery Scott upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, July 17th. Analysts at Bank of America upgraded shares of Endurance Specialty Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 1st. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.68.
Endurance Specialty Holdings Ltd. (NYSE:ENH) is a holding company.
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