W. R. Berkley (WRB) Set to Announce Earnings on Monday

W. R. Berkley (NYSE:WRB) is scheduled to be posting its quarterly earnings results after the market closes on Monday, July 22nd. Analysts expect W. R. Berkley to post earnings of $1.40 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last posted its earnings results on Tuesday, April 23rd. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.77 billion. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. W. R. Berkley’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, analysts expect W. R. Berkley to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

W. R. Berkley Stock Performance

Shares of WRB opened at $51.54 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $54.12 and a two-hundred day simple moving average of $54.18. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.06 and a beta of 0.61. W. R. Berkley has a 52 week low of $40.25 and a 52 week high of $59.46.

W. R. Berkley Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Monday, June 24th. W. R. Berkley’s dividend payout ratio is currently 8.51%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WRB shares. TD Cowen started coverage on W. R. Berkley in a research report on Monday, July 1st. They set a “buy” rating and a $68.67 target price for the company. Keefe, Bruyette & Woods cut their target price on W. R. Berkley from $58.67 to $57.33 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Evercore ISI raised their price target on W. R. Berkley from $55.33 to $59.33 and gave the company an “in-line” rating in a report on Thursday, April 11th. Truist Financial cut their price target on W. R. Berkley from $63.33 to $62.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $57.33 price target on shares of W. R. Berkley in a report on Monday, July 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, W. R. Berkley has a consensus rating of “Moderate Buy” and an average price target of $60.30.

About W. R. Berkley

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.