Zacks: Brokerages Expect W. R. Berkley Corp (WRB) to Announce $0.92 EPS

Equities analysts expect W. R. Berkley Corp (NYSE:WRB) to post earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for W. R. Berkley’s earnings, with estimates ranging from $0.87 to $1.01. W. R. Berkley posted earnings of $0.70 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 31.4%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that W. R. Berkley will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.75. For the next year, analysts anticipate that the business will report earnings of $3.83 per share, with EPS estimates ranging from $3.70 to $3.95. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for W. R. Berkley.

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W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Tuesday, January 30th. The insurance provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.75 billion. W. R. Berkley had a return on equity of 5.89% and a net margin of 7.15%.

WRB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Wednesday, December 27th. Royal Bank of Canada reaffirmed a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of W. R. Berkley in a report on Wednesday, January 31st. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.38.

Several large investors have recently made changes to their positions in the stock. Atlanta Capital Management Co. L L C lifted its holdings in shares of W. R. Berkley by 10.9% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 4,714,944 shares of the insurance provider’s stock valued at $337,825,000 after acquiring an additional 462,217 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of W. R. Berkley by 24.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,544,591 shares of the insurance provider’s stock valued at $253,969,000 after acquiring an additional 685,045 shares during the last quarter. Boston Partners lifted its holdings in shares of W. R. Berkley by 2.5% in the 4th quarter. Boston Partners now owns 3,437,715 shares of the insurance provider’s stock valued at $246,312,000 after acquiring an additional 85,307 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of W. R. Berkley by 3.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,663,027 shares of the insurance provider’s stock valued at $110,990,000 after acquiring an additional 50,350 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of W. R. Berkley by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 870,317 shares of the insurance provider’s stock valued at $62,322,000 after acquiring an additional 3,532 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Shares of W. R. Berkley stock opened at $72.20 on Monday. The stock has a market cap of $8,775.33, a PE ratio of 29.35, a PEG ratio of 2.24 and a beta of 0.78. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. W. R. Berkley has a twelve month low of $62.00 and a twelve month high of $74.43.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Wednesday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, March 13th. W. R. Berkley’s payout ratio is 22.76%.

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W. R. Berkley Company Profile

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

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Earnings History and Estimates for W. R. Berkley (NYSE:WRB)

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