Q3 2017 Earnings Estimate for Endurance Specialty Holdings Ltd. Issued By Langen Mcalenn (ENH)
Endurance Specialty Holdings Ltd. (NYSE:ENH) – Research analysts at Langen Mcalenn lowered their Q3 2017 earnings per share estimates for Endurance Specialty Holdings in a note issued to investors on Tuesday. Langen Mcalenn analyst R. Byrnes now forecasts that the brokerage will post earnings of $1.32 per share for the quarter, down from their previous estimate of $1.33. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Endurance Specialty Holdings’ Q4 2017 earnings at $1.95 EPS.
Endurance Specialty Holdings (NYSE:ENH) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.11 by $0.03. Endurance Specialty Holdings had a net margin of 14.86% and a return on equity of 6.29%. The firm had revenue of $599.61 million for the quarter, compared to analyst estimates of $728.83 million. During the same period in the prior year, the business posted $1.76 EPS. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year.
ENH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Keefe, Bruyette & Woods downgraded shares of Endurance Specialty Holdings from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $80.00 to $93.00 in a report on Friday, October 7th. Finally, Janney Montgomery Scott downgraded shares of Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $82.00.
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Shares of Endurance Specialty Holdings (NYSE:ENH) traded up 0.093% during trading on Wednesday, hitting $91.835. 1,581,981 shares of the stock traded hands. The firm has a market cap of $6.21 billion, a PE ratio of 18.881 and a beta of 0.78. Endurance Specialty Holdings has a 52-week low of $57.97 and a 52-week high of $92.18. The company’s 50 day moving average is $70.02 and its 200 day moving average is $66.99.
A number of large investors have recently added to or reduced their stakes in ENH. Advisor Group Inc. acquired a new position in shares of Endurance Specialty Holdings during the second quarter worth $105,000. State of Alaska Department of Revenue acquired a new position in shares of Endurance Specialty Holdings during the second quarter worth $120,000. First Manhattan Co. acquired a new position in shares of Endurance Specialty Holdings during the second quarter worth $136,000. PNC Financial Services Group Inc. boosted its position in shares of Endurance Specialty Holdings by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,764 shares of the company’s stock worth $186,000 after buying an additional 460 shares during the period. Finally, World Asset Management Inc acquired a new position in shares of Endurance Specialty Holdings during the second quarter worth $202,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.66%. Endurance Specialty Holdings’s payout ratio is 31.60%.
Endurance Specialty Holdings Company Profile
Endurance Specialty Holdings Ltd. is a holding company. The Company, through its operating subsidiaries in Bermuda, the United States and the United Kingdom, focuses on underwriting specialty lines of personal and commercial property, and casualty insurance and reinsurance. It operates through two segments: Insurance and Reinsurance.
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