Maiden (MHLD) Issues Earnings Results, Misses Estimates By $2.54 EPS
Maiden (NASDAQ:MHLD) announced its earnings results on Thursday. The insurance provider reported ($2.56) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($2.54), Fidelity Earnings reports. Maiden had a negative return on equity of 58.17% and a negative net margin of 14.78%.
NASDAQ:MHLD traded up $0.02 on Friday, hitting $0.71. 6,312 shares of the company’s stock were exchanged, compared to its average volume of 695,264. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. Maiden has a 52 week low of $0.64 and a 52 week high of $9.10.
Separately, B. Riley reduced their target price on shares of Maiden from $2.50 to $1.00 and set a “neutral” rating for the company in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.50.
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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