Greenlight Capital Re (NASDAQ:GLRE) Releases Earnings Results

Greenlight Capital Re (NASDAQ:GLRE) released its quarterly earnings data on Monday. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40), Zacks reports. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The company had revenue of $143.76 million for the quarter.

Greenlight Capital Re Stock Down 3.1 %

Shares of NASDAQ:GLRE opened at $13.28 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re has a 52-week low of $11.72 and a 52-week high of $15.82. The company has a 50 day moving average of $13.69 and a two-hundred day moving average of $13.96. The company has a market capitalization of $462.57 million, a price-to-earnings ratio of 5.27 and a beta of 0.86.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.