Greenlight Reinsurance, Ltd. (GLRE) Set to Announce Earnings on Wednesday
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) will be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect Greenlight Reinsurance to post earnings of $0.79 per share for the quarter.
Greenlight Reinsurance (NASDAQ:GLRE) last released its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.00) by $0.04. Greenlight Reinsurance had a return on equity of 5.96% and a net margin of 8.42%. The company had revenue of $121.48 million for the quarter, compared to analysts’ expectations of $139.90 million. On average, analysts expect Greenlight Reinsurance to post $0.5 EPS for the current fiscal year and $2.35 EPS for the next fiscal year.
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) opened at 22.55 on Wednesday. Greenlight Reinsurance, Ltd. has a 1-year low of $19.25 and a 1-year high of $24.10. The stock has a market cap of $842.04 million, a PE ratio of 16.16 and a beta of 0.74. The firm’s 50-day moving average price is $21.70 and its 200 day moving average price is $21.35.
Several equities research analysts have issued reports on the company. ValuEngine upgraded Greenlight Reinsurance from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research downgraded Greenlight Reinsurance from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, BidaskClub upgraded Greenlight Reinsurance from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
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In other Greenlight Reinsurance news, Director Leonard R. Goldberg sold 1,754 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total value of $39,921.04. Following the completion of the sale, the director now directly owns 170,021 shares in the company, valued at $3,869,677.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leonard R. Goldberg sold 1,659 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $22.75, for a total value of $37,742.25. Following the completion of the sale, the director now owns 170,021 shares of the company’s stock, valued at $3,867,977.75. The disclosure for this sale can be found here. Insiders sold 6,468 shares of company stock valued at $147,928 over the last 90 days. Corporate insiders own 21.81% of the company’s stock.
Greenlight Reinsurance Company Profile
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.
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