Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) to Release Quarterly Earnings on Monday
Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) is scheduled to announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.46 per share for the quarter.
Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings data on Monday, May 1st. The insurance provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.06. Blue Capital Reinsurance Holdings had a net margin of 31.83% and a return on equity of 7.44%. The business had revenue of $9.90 million during the quarter, compared to the consensus estimate of $9.92 million. During the same period last year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts expect Blue Capital Reinsurance Holdings to post $1.75 EPS for the current fiscal year and $1.88 EPS for the next fiscal year.
Blue Capital Reinsurance Holdings Ltd. (BCRH) opened at 18.95 on Monday. The firm has a 50 day moving average of $18.79 and a 200-day moving average of $18.94. The company has a market capitalization of $165.93 million, a price-to-earnings ratio of 12.38 and a beta of 0.09. Blue Capital Reinsurance Holdings Ltd. has a 1-year low of $17.22 and a 1-year high of $20.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Wednesday, June 28th. Blue Capital Reinsurance Holdings’s dividend payout ratio is presently 78.43%.
Separately, Zacks Investment Research downgraded shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “sell” rating in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.50.
About Blue Capital Reinsurance Holdings
Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd.
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