Analysts Anticipate Watford Hldg Ltd (NASDAQ:WTRE) to Post $0.76 EPS

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Equities analysts expect Watford Hldg Ltd (NASDAQ:WTRE) to announce earnings of $0.76 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Watford’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.68. The company is expected to issue its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Watford will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.54. For the next year, analysts forecast that the business will report earnings of $3.43 per share, with EPS estimates ranging from $3.42 to $3.44. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Watford.

Watford (NASDAQ:WTRE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.39). Watford had a negative net margin of 2.81% and a negative return on equity of 1.82%. The company had revenue of $140.45 million during the quarter.

A number of research analysts have recently issued reports on WTRE shares. Morgan Stanley started coverage on Watford in a report on Wednesday, November 6th. They issued an “equal weight” rating and a $28.00 price target on the stock. Zacks Investment Research raised Watford from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $29.67.

Shares of NASDAQ:WTRE traded down $0.15 on Thursday, reaching $26.08. The company had a trading volume of 122,631 shares, compared to its average volume of 148,650. Watford has a 52-week low of $18.75 and a 52-week high of $28.99. The firm’s 50 day simple moving average is $26.99 and its 200-day simple moving average is $25.62. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.18.

Several institutional investors have recently bought and sold shares of WTRE. Strs Ohio acquired a new stake in shares of Watford in the 2nd quarter worth $148,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Watford in the 2nd quarter worth $27,000. Wells Fargo & Company MN acquired a new stake in shares of Watford in the 2nd quarter worth $321,000. JPMorgan Chase & Co. boosted its position in shares of Watford by 762.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 474,114 shares of the company’s stock worth $12,976,000 after purchasing an additional 419,114 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Watford in the 2nd quarter worth $46,000. 14.64% of the stock is owned by hedge funds and other institutional investors.

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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