Analysts Expect Greenlight Reinsurance, Ltd. (GLRE) to Announce $0.24 EPS
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also given Greenlight Reinsurance an industry rank of 191 out of 265 based on the ratings given to related companies.
GLRE has been the topic of several research analyst reports. ValuEngine cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, TheStreet raised Greenlight Reinsurance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.
Shares of Greenlight Reinsurance (GLRE) traded down $0.45 during trading hours on Wednesday, reaching $21.95. The company had a trading volume of 169,100 shares, compared to its average volume of 121,368. Greenlight Reinsurance has a 52 week low of $19.70 and a 52 week high of $24.10. The company has a market capitalization of $836.57, a PE ratio of 20.36 and a beta of 0.77.
Greenlight Reinsurance (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.26). Greenlight Reinsurance had a return on equity of 4.74% and a net margin of 5.91%. The firm had revenue of $236.15 million during the quarter, compared to the consensus estimate of $200.80 million. research analysts predict that Greenlight Reinsurance will post 0.05 EPS for the current fiscal year.
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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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