Will earnings report, end it’s winning streak? Everest Re Group (NYSE:RE)

Earnings results for Everest Re Group (NYSE:RE)

Everest Re Group, Ltd. is expected* to report earnings on 04/28/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $4.59. The reported EPS for the same quarter last year was $4.03.

Everest Re Group last posted its earnings results on February 7th, 2021. The insurance provider reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($1.03) by $0.09. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.33 billion. Everest Re Group has generated $21.34 earnings per share over the last year and currently has a price-to-earnings ratio of 16.1. Everest Re Group has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.

Analyst Opinion on Everest Re Group (NYSE:RE)

8 Wall Street analysts have issued ratings and price targets for Everest Re Group in the last 12 months. Their average twelve-month price target is $272.00, predicting that the stock has a possible upside of 1.85%. The high price target for RE is $312.00 and the low price target for RE is $235.00. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Everest Re Group has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $272.00, Everest Re Group has a forecasted upside of 1.9% from its current price of $267.05. Everest Re Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Everest Re Group (NYSE:RE)

Everest Re Group pays a meaningful dividend of 2.33%, higher than the bottom 25% of all stocks that pay dividends. Everest Re Group has only been increasing its dividend for 1 years. The dividend payout ratio of Everest Re Group is 29.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Everest Re Group will have a dividend payout ratio of 25.64% next year. This indicates that Everest Re Group will be able to sustain or increase its dividend.

Insiders buying/selling: Everest Re Group (NYSE:RE)

In the past three months, Everest Re Group insiders have not sold or bought any company stock. Only 1.40% of the stock of Everest Re Group is held by insiders. 94.02% of the stock of Everest Re Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Everest Re Group (NYSE:RE

Earnings for Everest Re Group are expected to grow by 88.76% in the coming year, from $12.81 to $24.18 per share. The P/E ratio of Everest Re Group is 16.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.36. The P/E ratio of Everest Re Group is 16.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.12. Everest Re Group has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued. Everest Re Group has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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