Hannover Ruck (HVRRY) Set to Post Quarterly Earnings on Monday

Hannover Ruck (OTCMKTS:HVRRY) is projected to release its results before the market opens on Monday, November 9th. Analysts expect the company to post earnings of $1.01 per share and revenue of $7.28 billion for the quarter.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.23 billion. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. On average, analysts expect Hannover Ruck to post $4.20 EPS for the current fiscal year and $4.32 EPS for the next fiscal year.

Hannover Ruck Stock Performance

Shares of HVRRY opened at $54.06 on Monday. Hannover Ruck has a 1 year low of $43.00 and a 1 year high of $55.72. The stock has a market capitalization of $39.12 billion, a PE ratio of 13.38 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a 50-day simple moving average of $49.80 and a 200-day simple moving average of $48.77.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

About Hannover Ruck

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance and related risk-transfer solutions to primary insurance companies, helping them manage exposures arising from natural catastrophes, property damage, liability claims, mortality, longevity and other insurance risks.

The company operates through property and casualty reinsurance and life and health reinsurance. Its offerings include traditional treaty and facultative reinsurance, retrocession, structured reinsurance and alternative risk-transfer solutions.