Third Point Reinsurance Ltd. (TPRE) Set to Announce Quarterly Earnings on Wednesday
Third Point Reinsurance Ltd. (NYSE:TPRE) will announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Third Point Reinsurance (NYSE:TPRE) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The business had revenue of $280.88 million for the quarter. Third Point Reinsurance had a return on equity of 13.56% and a net margin of 22.18%. On average, analysts expect Third Point Reinsurance to post $2.75 EPS for the current fiscal year and $2.18 EPS for the next fiscal year.
Third Point Reinsurance Ltd. (NYSE:TPRE) opened at 16.50 on Wednesday. Third Point Reinsurance Ltd. has a one year low of $11.05 and a one year high of $16.95. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 8.54 and a beta of 1.26. The stock’s 50 day moving average price is $15.42 and its 200-day moving average price is $13.94.
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Several analysts have issued reports on TPRE shares. Keefe, Bruyette & Woods lowered Third Point Reinsurance from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Third Point Reinsurance from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, October 5th. ValuEngine upgraded Third Point Reinsurance from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Finally, BidaskClub upgraded Third Point Reinsurance from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Third Point Reinsurance has a consensus rating of “Buy” and a consensus target price of $16.13.
About Third Point Reinsurance
Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company’s segments include Property and Casualty Reinsurance, and Corporate. The Company’s investable assets are managed by its investment manager, Third Point LLC.
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