Analysts Expect W. R. Berkley Corp (NYSE:WRB) to Announce $0.73 Earnings Per Share

Equities analysts forecast that W. R. Berkley Corp (NYSE:WRB) will announce earnings of $0.73 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for W. R. Berkley’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.71. W. R. Berkley posted earnings of $0.61 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that W. R. Berkley will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $3.00 to $3.08. For the next year, analysts expect that the business will report earnings of $2.92 per share, with EPS estimates ranging from $2.75 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for W. R. Berkley.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings data on Tuesday, October 22nd. The insurance provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. W. R. Berkley had a return on equity of 10.60% and a net margin of 8.82%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

A number of brokerages have commented on WRB. Royal Bank of Canada upgraded shares of W. R. Berkley from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $80.00 in a research note on Thursday. Buckingham Research upped their target price on shares of W. R. Berkley from $63.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Saturday, October 19th. ValuEngine cut W. R. Berkley from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley lifted their target price on W. R. Berkley from $63.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. W. R. Berkley currently has a consensus rating of “Hold” and a consensus target price of $67.34.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of W. R. Berkley by 61.0% during the second quarter. BlackRock Inc. now owns 19,067,342 shares of the insurance provider’s stock valued at $1,257,109,000 after acquiring an additional 7,221,477 shares in the last quarter. Vanguard Group Inc. boosted its holdings in W. R. Berkley by 53.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,922,965 shares of the insurance provider’s stock valued at $983,872,000 after purchasing an additional 5,180,855 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in W. R. Berkley by 36.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 10,897,169 shares of the insurance provider’s stock valued at $718,450,000 after purchasing an additional 2,899,769 shares during the period. Janus Henderson Group PLC grew its position in W. R. Berkley by 51.4% in the 2nd quarter. Janus Henderson Group PLC now owns 7,106,715 shares of the insurance provider’s stock worth $468,545,000 after purchasing an additional 2,412,693 shares during the last quarter. Finally, Boston Partners grew its position in W. R. Berkley by 55.3% in the 2nd quarter. Boston Partners now owns 3,861,737 shares of the insurance provider’s stock worth $254,643,000 after purchasing an additional 1,374,347 shares during the last quarter. 70.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of WRB traded up $0.38 during trading hours on Tuesday, reaching $70.09. The stock had a trading volume of 903,863 shares, compared to its average volume of 2,604,583. W. R. Berkley has a 12 month low of $45.91 and a 12 month high of $77.54. The firm has a 50-day simple moving average of $69.01 and a 200 day simple moving average of $68.72. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.54 and a beta of 0.65.

The firm also recently declared a dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 22nd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 21st. W. R. Berkley’s payout ratio is 16.48%.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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