W. R. Berkley (WRB) to Release Earnings on Monday

W. R. Berkley (NYSE:WRB) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect W. R. Berkley to post earnings of $0.95 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings data on Monday, July 22nd. The insurance provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.12. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $2.84 billion. W. R. Berkley had a net margin of 12.05% and a return on equity of 21.34%. W. R. Berkley’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. 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 Trading Up 0.8 %

Shares of NYSE:WRB opened at $58.57 on Monday. The company has a market cap of $22.46 billion, a PE ratio of 15.58, a P/E/G ratio of 1.07 and a beta of 0.62. The company’s 50-day moving average price is $57.76 and its 200 day moving average price is $55.49. W. R. Berkley has a fifty-two week low of $41.82 and a fifty-two week high of $61.28. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36.

W. R. Berkley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 23rd were given a $0.08 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.32 annualized dividend and a yield of 0.55%. W. R. Berkley’s dividend payout ratio is presently 8.51%.

Wall Street Analyst Weigh In

WRB has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of W. R. Berkley from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Bank of America lifted their price objective on shares of W. R. Berkley from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen assumed coverage on shares of W. R. Berkley in a research note on Monday, July 1st. They issued a “buy” rating and a $68.67 price objective on the stock. StockNews.com cut shares of W. R. Berkley from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $57.00 target price on shares of W. R. Berkley in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.89.

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.