$0.40 Earnings Per Share Expected for Watford Hldg Ltd (NASDAQ:WTRE) This Quarter

Wall Street analysts predict that Watford Hldg Ltd (NASDAQ:WTRE) will report $0.40 earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Watford’s earnings. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 29th.

On average, analysts expect that Watford will report full year earnings of $3.93 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $3.44 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Watford.

Watford (NASDAQ:WTRE) last issued its earnings results on Monday, July 29th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.30). The firm had revenue of $175.78 million during the quarter.

Separately, Zacks Investment Research reissued a “hold” rating on shares of Watford in a research note on Sunday, September 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Watford currently has an average rating of “Hold” and a consensus price target of $29.20.

Shares of WTRE traded up $0.40 during mid-day trading on Tuesday, reaching $28.39. The company had a trading volume of 142,000 shares, compared to its average volume of 185,285. The stock’s 50-day moving average price is $26.67. Watford has a twelve month low of $18.75 and a twelve month high of $28.99.

In other Watford news, Director Nicolas Papadopoulo acquired 25,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $19.48 per share, with a total value of $496,740.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jon D. Levy acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average cost of $20.99 per share, for a total transaction of $31,485.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 59,700 shares of company stock worth $1,184,930 in the last ninety days. 16.61% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of Watford by 10.8% in the 3rd quarter. Rhumbline Advisers now owns 27,061 shares of the company’s stock valued at $729,000 after purchasing an additional 2,632 shares during the period. Susquehanna International Group LLP bought a new position in shares of Watford in the 2nd quarter valued at about $201,000. Citadel Advisors LLC bought a new position in shares of Watford in the 2nd quarter valued at about $945,000. Marshall Wace LLP bought a new position in shares of Watford in the 2nd quarter valued at about $918,000. Finally, Morgan Stanley bought a new position in shares of Watford in the 2nd quarter valued at about $1,668,000. 12.35% of the stock is currently owned by institutional investors and hedge funds.

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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