Greenlight Capital Re (GLRE) Posts Quarterly Earnings, Misses Estimates By $0.15 EPS
Greenlight Capital Re (NASDAQ:GLRE) released its earnings data on Monday. The company reported $2.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $3.04 by $0.15, Analyst Ratings Network.com reports.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Greenlight Capital Re in a research note on Monday, July 28th. They set an “outperform” rating and a $40.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Greenlight Capital Re from an “underperform” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $35.30 price target on the stock. Finally, analysts at Zacks downgraded shares of Greenlight Capital Re from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $31.10 price target on the stock.
Greenlight Capital Re (NASDAQ:GLRE) traded up 2.69% during mid-day trading on Monday, hitting $33.60. The stock had a trading volume of 182,292 shares. Greenlight Capital Re has a 1-year low of $26.70 and a 1-year high of $34.93. The stock has a 50-day moving average of $33.56 and a 200-day moving average of $32.51. The company has a market cap of $1.251 billion and a price-to-earnings ratio of 7.65.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE), is a holding company.
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