Zacks: Analysts Expect W. R. Berkley Corp (WRB) to Announce $0.62 EPS

Wall Street brokerages expect W. R. Berkley Corp (NYSE:WRB) to post earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for W. R. Berkley’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.69. W. R. Berkley posted earnings per share of $0.65 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The company is expected to announce its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that W. R. Berkley will report full year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.52 to $2.75. For the next financial year, analysts expect that the business will post earnings of $2.81 per share, with EPS estimates ranging from $2.75 to $2.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for W. R. Berkley.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.31. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.62 billion. W. R. Berkley had a return on equity of 10.21% and a net margin of 8.47%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share.



A number of research analysts have commented on the company. Boenning Scattergood restated a “hold” rating on shares of W. R. Berkley in a research note on Wednesday, April 24th. Zacks Investment Research cut W. R. Berkley from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. ValuEngine cut W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. UBS Group boosted their price objective on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their target price on W. R. Berkley to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $54.38.

Shares of WRB opened at $61.31 on Friday. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.59 and a beta of 0.78. W. R. Berkley has a 12 month low of $45.91 and a 12 month high of $61.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.37.

Several hedge funds and other institutional investors have recently made changes to their positions in WRB. Oregon Public Employees Retirement Fund increased its holdings in W. R. Berkley by 7,291.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,803,776 shares of the insurance provider’s stock valued at $38,000 after buying an additional 2,765,841 shares during the last quarter. Assetmark Inc. bought a new stake in W. R. Berkley in the first quarter valued at about $48,000. We Are One Seven LLC bought a new stake in W. R. Berkley in the fourth quarter valued at about $52,000. CLS Investments LLC bought a new stake in W. R. Berkley in the first quarter valued at about $62,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in W. R. Berkley in the fourth quarter valued at about $64,000. 72.63% of the stock is currently owned by institutional investors and hedge funds.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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