Analysts Expect Watford Hldg Ltd (NASDAQ:WTRE) to Post $0.76 EPS

Equities analysts expect that Watford Hldg Ltd (NASDAQ:WTRE) will post $0.76 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Watford’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.68. The business is expected to issue its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Watford will report full year earnings of $3.48 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.55. For the next year, analysts anticipate that the company will report earnings of $3.48 per share, with EPS estimates ranging from $3.42 to $3.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Watford.

Watford (NASDAQ:WTRE) last released its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.39). The firm had revenue of $140.45 million during the quarter. Watford had a negative return on equity of 1.82% and a negative net margin of 2.81%.

Several equities research analysts have recently issued reports on WTRE shares. Morgan Stanley started coverage on shares of Watford in a report on Wednesday, November 6th. They issued an “equal weight” rating and a $28.00 target price for the company. Zacks Investment Research upgraded shares of Watford from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.67.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Watford by 7.0% during the 3rd quarter. Barclays PLC now owns 14,411 shares of the company’s stock valued at $389,000 after buying an additional 945 shares in the last quarter. Strs Ohio bought a new stake in Watford during the 2nd quarter valued at about $148,000. BNP Paribas Arbitrage SA bought a new stake in Watford during the 2nd quarter valued at about $27,000. BlackRock Inc. bought a new stake in Watford during the 2nd quarter valued at about $28,301,000. Finally, Morgan Stanley bought a new stake in Watford during the 2nd quarter valued at about $1,668,000. Institutional investors own 18.80% of the company’s stock.

Shares of Watford stock traded down $0.09 during trading on Friday, hitting $26.81. The stock had a trading volume of 219,322 shares, compared to its average volume of 173,393. The firm’s fifty day simple moving average is $26.59 and its 200-day simple moving average is $25.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.29 and a quick ratio of 0.29. Watford has a 12 month low of $18.75 and a 12 month high of $28.99.

Watford Company Profile

Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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