Zacks: Analysts Expect Watford Hldg Ltd (NASDAQ:WTRE) Will Announce Earnings of $0.32 Per Share

Wall Street brokerages expect Watford Hldg Ltd (NASDAQ:WTRE) to post $0.32 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for Watford’s earnings. The company is scheduled to issue its next earnings report after the market closes on Tuesday, October 29th.

According to Zacks, analysts expect that Watford will report full year earnings of $3.84 per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of $3.44 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Watford.

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

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

Shares of NASDAQ WTRE traded up $1.24 during mid-day trading on Monday, hitting $27.13. 158,945 shares of the company traded hands, compared to its average volume of 141,197. Watford has a 1 year low of $18.75 and a 1 year high of $28.99. The business’s 50 day moving average is $25.09.

In related news, CEO John F. Rathgeber bought 25,000 shares of Watford stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average cost of $20.12 per share, with a total value of $503,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon D. Levy bought 1,500 shares of Watford stock in a transaction dated Wednesday, July 31st. The shares were bought at an average cost of $20.99 per share, with a total value of $31,485.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 59,700 shares of company stock valued at $1,184,930. 16.61% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of WTRE. Strs Ohio acquired a new position in Watford during the second quarter valued at $148,000. BNP Paribas Arbitrage SA acquired a new position in Watford during the second quarter valued at $27,000. Wells Fargo & Company MN acquired a new position in Watford during the second quarter valued at $321,000. JPMorgan Chase & Co. raised its position in Watford by 762.0% during the second quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock valued at $12,976,000 after buying an additional 419,114 shares during the period. Finally, Bank of Montreal Can acquired a new position in Watford during the second quarter valued at $46,000. 12.35% of the stock is currently owned by hedge funds and other institutional investors.

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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