Equities research analysts expect Watford Hldg Ltd (NASDAQ:WTRE) to announce $0.85 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Watford’s earnings, with estimates ranging from $0.73 to $0.96. Watford reported earnings of $0.61 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 39.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, August 3rd.

According to Zacks, analysts expect that Watford will report full-year earnings of ($11.10) per share for the current fiscal year, with EPS estimates ranging from ($11.59) to ($10.60). For the next financial year, analysts anticipate that the business will report earnings of $3.45 per share, with EPS estimates ranging from $3.30 to $3.60. Zacks Investment Research’s 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 released its quarterly earnings data on Monday, May 4th. The company reported ($13.42) EPS for the quarter, topping analysts’ consensus estimates of ($13.69) by $0.27. The business had revenue of ($122.53) million during the quarter. Watford had a negative return on equity of 30.56% and a net margin of 8.38%.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Watford from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised shares of Watford from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Watford from $22.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley decreased their price target on shares of Watford from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Finally, BidaskClub cut shares of Watford from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.75.

In other news, Director Maamoun Rajeh acquired 7,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $13.00 per share, with a total value of $97,500.00. Following the transaction, the director now directly owns 60,000 shares in the company, valued at approximately $780,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert L. Hawley acquired 2,000 shares of Watford stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average price of $23.88 per share, with a total value of $47,760.00. Following the transaction, the chief financial officer now directly owns 2,000 shares in the company, valued at $47,760. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 16,146 shares of company stock valued at $224,658. 1.61% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Watford by 14.3% during the first quarter. BlackRock Inc. now owns 1,336,718 shares of the company’s stock valued at $19,583,000 after buying an additional 167,459 shares during the period. Enstar Group LTD acquired a new position in Watford during the fourth quarter valued at $25,673,000. State Street Corp raised its position in Watford by 0.3% during the first quarter. State Street Corp now owns 364,579 shares of the company’s stock valued at $5,341,000 after buying an additional 1,223 shares during the period. Davis Capital Partners LLC raised its position in Watford by 16.9% during the first quarter. Davis Capital Partners LLC now owns 350,660 shares of the company’s stock valued at $5,137,000 after buying an additional 50,660 shares during the period. Finally, Bank of America Corp DE raised its position in Watford by 2,283.1% during the fourth quarter. Bank of America Corp DE now owns 272,986 shares of the company’s stock valued at $6,868,000 after buying an additional 261,531 shares during the period. 31.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WTRE stock traded up $0.64 on Monday, reaching $15.83. 79,021 shares of the stock were exchanged, compared to its average volume of 88,290. The stock has a market cap of $302.08 million, a P/E ratio of -1.16 and a beta of 0.59. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $19.17. Watford has a 1-year low of $10.86 and a 1-year high of $28.90.

About Watford

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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