Maiden Holdings (MHLD) Posts Quarterly Earnings, Meets Expectations
Maiden Holdings (NASDAQ:MHLD) issued its quarterly earnings data on Wednesday. The company reported $0.37 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.37, Analyst Ratings News reports. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $524.68 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.
On the ratings front, analysts at FBR Capital Markets raised their price target on shares of Maiden Holdings from $14.00 to $16.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $14.47.
Maiden Holdings (NASDAQ:MHLD) traded up 2.01% during mid-day trading on Wednesday, hitting $11.69. The stock had a trading volume of 98,445 shares. Maiden Holdings has a 52 week low of $10.36 and a 52 week high of $13.48. The stock’s 50-day moving average is $11.94 and its 200-day moving average is $11.93. The company has a market cap of $851.7 million and a price-to-earnings ratio of 14.34.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, September 29th.
Maiden Holdings, Ltd. (NASDAQ:MHLD) is a Bermuda-based holding company, primarily focused on serving the needs of regional and specialty insurers in the United States and Europe by providing reinsurance solutions designed to support their capital needs.
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