$0.71 Earnings Per Share Expected for Watford Hldg Ltd (WTRE) This Quarter

Equities analysts forecast that Watford Hldg Ltd (NASDAQ:WTRE) will announce earnings per share of $0.71 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Watford’s earnings. The company is expected to announce its next earnings results on Tuesday, July 30th.

On average, analysts expect that Watford will report full-year earnings of $4.28 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $3.55 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Watford.

Watford (NASDAQ:WTRE) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.72 by ($1.62). The business had revenue of $205.04 million for the quarter.

WTRE has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Watford in a report on Monday, April 22nd. They issued an “equal weight” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Watford in a report on Tuesday, April 23rd. They issued a “neutral” rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods began coverage on shares of Watford in a report on Sunday, May 12th. They issued a “market perform” rating and a $25.00 price target on the stock. Finally, JMP Securities began coverage on shares of Watford in a report on Thursday. They set an “outperform” rating and a $33.00 target price on the stock.

In other Watford news, CEO Alexandre Scherer bought 1,200 shares of Watford stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $26.27 per share, for a total transaction of $31,524.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maamoun Rajeh bought 10,000 shares of Watford stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $27.30 per share, for a total transaction of $273,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 55,846 shares of company stock worth $1,424,132 in the last 90 days.

A number of hedge funds have recently modified their holdings of the business. Price Wealth Management Inc. acquired a new position in Watford in the 1st quarter worth $334,000. First Republic Investment Management Inc. acquired a new position in Watford in the 1st quarter worth $334,000. JPMorgan Chase & Co. acquired a new position in Watford in the 1st quarter worth $1,471,000. Blackstone Group L.P. acquired a new position in Watford in the 1st quarter worth $1,605,000. Finally, Element Pointe Advisors LLC acquired a new position in Watford in the 1st quarter worth $3,344,000. Hedge funds and other institutional investors own 0.94% of the company’s stock.

Shares of WTRE traded down $0.28 during mid-day trading on Thursday, reaching $25.33. The company had a trading volume of 72,198 shares, compared to its average volume of 68,922. Watford has a fifty-two week low of $23.70 and a fifty-two week high of $28.94.

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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