Earnings results for W. R. Berkley (NYSE:WRB)
W.R. Berkley Corporation is expected* to report earnings on 01/26/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.78. The reported EPS for the same quarter last year was $0.72.
W. R. Berkley last released its quarterly earnings data on October 20th, 2020. The insurance provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.75 billion. Its revenue was up 7.4% on a year-over-year basis. W. R. Berkley has generated $3.03 earnings per share over the last year and currently has a price-to-earnings ratio of 36.9. W. R. Berkley has confirmed that its next quarterly earnings report will be published on Tuesday, January 26th, 2021.
Analyst Opinion on W. R. Berkley (NYSE:WRB)
7 Wall Street analysts have issued ratings and price targets for W. R. Berkley in the last 12 months. Their average twelve-month price target is $68.57, predicting that the stock has a possible upside of 3.80%. The high price target for WRB is $76.00 and the low price target for WRB is $55.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
W. R. Berkley has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $68.57, W. R. Berkley has a forecasted upside of 3.8% from its current price of $66.06. W. R. Berkley has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: W. R. Berkley (NYSE:WRB)
W. R. Berkley has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends. W. R. Berkley has been increasing its dividend for 10 years. The dividend payout ratio of W. R. Berkley is 15.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, W. R. Berkley will have a dividend payout ratio of 15.53% next year. This indicates that W. R. Berkley will be able to sustain or increase its dividend.
Insiders buying/selling: W. R. Berkley (NYSE:WRB)
In the past three months, W. R. Berkley insiders have not sold or bought any company stock. Only 22.30% of the stock of W. R. Berkley is held by insiders. 71.04% of the stock of W. R. Berkley is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of W. R. Berkley (NYSE:WRB
Earnings for W. R. Berkley are expected to grow by 40.45% in the coming year, from $2.20 to $3.09 per share. The P/E ratio of W. R. Berkley is 36.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.44. The P/E ratio of W. R. Berkley is 36.91, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.07. W. R. Berkley has a PEG Ratio of 3.10. PEG Ratios above 1 indicate that a company could be overvalued. W. R. Berkley has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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