Reinsurance Group of America (RGA) Set to Announce Quarterly Earnings on Tuesday

Reinsurance Group of America (NYSE:RGA) will be releasing its earnings data after the market closes on Tuesday, August 4th. Analysts expect Reinsurance Group of America to post earnings of ($1.04) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Reinsurance Group of America (NYSE:RGA) last announced its earnings results on Tuesday, May 5th. The insurance provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($1.22). The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.57 billion. Reinsurance Group of America had a net margin of 4.35% and a return on equity of 7.19%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.61 earnings per share. On average, analysts expect Reinsurance Group of America to post $5 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Shares of NYSE RGA opened at $85.25 on Friday. The firm has a 50 day moving average of $80.47 and a 200 day moving average of $104.91. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 8.91 and a beta of 1.12. Reinsurance Group of America has a 12-month low of $55.39 and a 12-month high of $169.26.

Several brokerages recently issued reports on RGA. UBS Group cut their target price on shares of Reinsurance Group of America from $136.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Royal Bank of Canada restated a “hold” rating and set a $105.00 target price on shares of Reinsurance Group of America in a research report on Monday, July 20th. Credit Suisse Group dropped their price target on shares of Reinsurance Group of America from $144.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 27th. ValuEngine upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Zacks Investment Research upgraded shares of Reinsurance Group of America from a “sell” rating to a “hold” rating and set a $118.00 price target for the company in a research report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $113.25.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated engages in reinsurance business. It offers individual and group life and health insurance products, including term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products, as well as asset-intensive and financial reinsurance products.

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Earnings History for Reinsurance Group of America (NYSE:RGA)

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