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.

Earnings History for Greenlight Reinsurance (NASDAQ:GLRE)

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