Blue Capital Reinsurance (BCRH) Set to Announce Quarterly Earnings on Tuesday

Blue Capital Reinsurance (NYSE:BCRH) will issue its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

Blue Capital Reinsurance (NYSE:BCRH) last released its earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.89) by ($0.04). Blue Capital Reinsurance had a negative return on equity of 23.35% and a negative net margin of 77.93%. The business had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $12.31 million. During the same quarter last year, the company posted $0.38 earnings per share. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. On average, analysts expect Blue Capital Reinsurance to post $-4 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Blue Capital Reinsurance (NYSE:BCRH) opened at $13.05 on Tuesday. Blue Capital Reinsurance has a 12-month low of $11.70 and a 12-month high of $20.83. The firm has a market capitalization of $114.33, a PE ratio of -2.92 and a beta of -0.03.

Several research firms recently weighed in on BCRH. ValuEngine upgraded Blue Capital Reinsurance from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Jefferies Group downgraded Blue Capital Reinsurance to a “hold” rating in a report on Wednesday, November 29th. TheStreet downgraded Blue Capital Reinsurance from a “c+” rating to a “d+” rating in a report on Thursday, November 30th. Finally, Deutsche Bank downgraded Blue Capital Reinsurance from a “buy” rating to a “hold” rating and cut their price objective for the stock from $21.00 to $18.00 in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.

An institutional investor recently raised its position in Blue Capital Reinsurance stock. State Street Corp raised its position in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,446 shares of the insurance provider’s stock after purchasing an additional 10,130 shares during the quarter. State Street Corp owned 1.24% of Blue Capital Reinsurance worth $1,985,000 at the end of the most recent quarter. Institutional investors and hedge funds own 43.53% of the company’s stock.

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Blue Capital Reinsurance Company Profile

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd.

Earnings History for Blue Capital Reinsurance (NYSE:BCRH)

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