W. R. Berkley (WRB) Set to Announce Earnings on Monday

W. R. Berkley (NYSE:WRB) will announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last released its quarterly earnings results on Monday, July 22nd. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.12. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the firm earned $1.14 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, analysts expect W. R. Berkley to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

W. R. Berkley Stock Up 0.4 %

W. R. Berkley stock opened at $61.26 on Friday. The company has a market capitalization of $23.49 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. W. R. Berkley has a fifty-two week low of $41.82 and a fifty-two week high of $61.60. The firm has a 50 day moving average price of $58.16 and a 200 day moving average price of $55.56.

W. R. Berkley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. W. R. Berkley’s payout ratio is presently 8.51%.

Wall Street Analysts Forecast Growth

WRB has been the subject of a number of research analyst reports. StockNews.com cut W. R. Berkley from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. UBS Group raised their price objective on shares of W. R. Berkley from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $57.00 target price on shares of W. R. Berkley in a research note on Tuesday, July 23rd. Wells Fargo & Company raised their price target on shares of W. R. Berkley from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Truist Financial upped their price objective on W. R. Berkley from $64.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.64.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.