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

W. R. Berkley (NYSE:WRB) is projected to issue its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $2,975,728.50 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

W. R. Berkley (NYSE:WRB) last released its earnings results on Monday, October 21st. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. W. R. Berkley had a net margin of 11.96% and a return on equity of 20.41%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 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 Stock Performance

Shares of WRB opened at $59.57 on Monday. The stock has a market capitalization of $22.70 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.00 and a beta of 0.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $60.28 and its two-hundred day simple moving average is $58.56. W. R. Berkley has a 12 month low of $48.69 and a 12 month high of $65.49.

W. R. Berkley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a $0.08 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. W. R. Berkley’s payout ratio is currently 8.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of W. R. Berkley from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Monday, November 25th. Jefferies Financial Group boosted their target price on shares of W. R. Berkley from $53.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on W. R. Berkley from $57.00 to $63.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial increased their price target on W. R. Berkley from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Evercore ISI increased their target price on shares of W. R. Berkley from $57.00 to $60.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.74.

W. R. Berkley Company Profile

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.