Analysts expect Validus Holdings, Ltd. (NYSE:VR) to post earnings of $0.94 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Validus’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $0.66. Validus reported earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The business is expected to report its next earnings report after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that Validus will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to $0.08. For the next fiscal year, analysts expect that the business will report earnings of $4.12 per share, with EPS estimates ranging from $3.75 to $4.55. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Validus.
Validus (NYSE:VR) last issued its earnings results on Thursday, October 26th. The insurance provider reported ($3.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.30) by $0.08. The company had revenue of $407.00 million for the quarter, compared to analyst estimates of $453.04 million. Validus had a negative net margin of 1.38% and a negative return on equity of 0.49%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.02 EPS.
Shares of Validus (NYSE VR) traded up $0.66 during midday trading on Monday, hitting $47.43. 1,165,542 shares of the stock traded hands, compared to its average volume of 612,503. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. Validus has a one year low of $41.15 and a one year high of $58.76.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.20%. Validus’s dividend payout ratio is -233.84%.
In other Validus news, President Kean Driscoll sold 6,875 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $50.30, for a total transaction of $345,812.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lixin Zeng sold 26,136 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $52.10, for a total transaction of $1,361,685.60. Following the sale, the chief executive officer now owns 57,855 shares in the company, valued at $3,014,245.50. The disclosure for this sale can be found here. Company insiders own 2.33% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its holdings in Validus by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 6,354 shares of the insurance provider’s stock worth $330,000 after buying an additional 112 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Validus by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,382 shares of the insurance provider’s stock worth $124,000 after buying an additional 219 shares during the period. IFP Advisors Inc raised its holdings in Validus by 14.0% during the 2nd quarter. IFP Advisors Inc now owns 2,154 shares of the insurance provider’s stock worth $112,000 after buying an additional 265 shares during the period. PNC Financial Services Group Inc. raised its holdings in Validus by 5.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,210 shares of the insurance provider’s stock worth $271,000 after buying an additional 272 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Validus by 10.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,905 shares of the insurance provider’s stock worth $151,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.
WARNING: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/11/0-94-earnings-per-share-expected-for-validus-holdings-ltd-vr-this-quarter.html.
Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Validus Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.