Brokerages Expect Watford Hldg Ltd (NASDAQ:WTRE) Will Post Earnings of $0.62 Per Share

Analysts expect Watford Hldg Ltd (NASDAQ:WTRE) to announce earnings of $0.62 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Watford’s earnings. The business is expected to issue its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Watford will report full-year earnings of $4.25 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of $3.69 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Watford.

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



Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Watford from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Keefe, Bruyette & Woods began coverage on Watford in a report on Sunday, May 12th. They set a “market perform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. began coverage on Watford in a report on Tuesday, April 23rd. They set a “neutral” rating and a $30.00 price objective for the company. JMP Securities began coverage on Watford in a report on Thursday, May 16th. They set an “outperform” rating and a $33.00 price objective for the company. Finally, Barclays began coverage on Watford in a report on Monday, April 22nd. They set an “equal weight” rating and a $29.00 price objective for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.20.

Shares of WTRE stock traded up $0.41 during trading on Thursday, hitting $23.70. The company’s stock had a trading volume of 2,910 shares, compared to its average volume of 152,302. The business’s fifty day moving average is $24.17. Watford has a 52 week low of $18.75 and a 52 week high of $28.99.

In other news, CEO John F. Rathgeber acquired 2,500 shares of Watford stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $20.01 per share, with a total value of $50,025.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John F. Rathgeber acquired 25,000 shares of Watford stock in a transaction on Wednesday, July 31st. The shares were purchased at an average cost of $20.12 per share, with a total value of $503,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 66,546 shares of company stock valued at $1,360,938.

A number of hedge funds and other institutional investors have recently made changes to their positions in WTRE. BlackRock Inc. bought a new position in Watford during the second quarter valued at $28,301,000. JPMorgan Chase & Co. lifted its position in shares of Watford by 762.0% during the second quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock worth $12,976,000 after acquiring an additional 419,114 shares in the last quarter. Element Pointe Advisors LLC purchased a new stake in shares of Watford during the first quarter worth $3,344,000. Vanguard Group Inc. purchased a new stake in shares of Watford during the second quarter worth $3,377,000. Finally, Northern Trust Corp purchased a new stake in shares of Watford during the second quarter worth $2,466,000. 1.28% of the stock is 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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