Everest Re Group, Ltd. (RE) Set to Announce Earnings on Monday
Everest Re Group, Ltd. (NYSE:RE) will be releasing its earnings data after the market closes on Monday, October 23rd. Analysts expect Everest Re Group to post earnings of $3.68 per share for the quarter.
Everest Re Group (NYSE:RE) last released its quarterly earnings results on Monday, July 24th. The insurance provider reported $5.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.24 by $0.27. Everest Re Group had a net margin of 19.65% and a return on equity of 13.60%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company posted $3.17 earnings per share. On average, analysts expect Everest Re Group to post $-2.77 EPS for the current fiscal year and $20.26 EPS for the next fiscal year.
Everest Re Group, Ltd. (NYSE:RE) opened at 240.51 on Monday. Everest Re Group, Ltd. has a 1-year low of $191.11 and a 1-year high of $277.17. The company has a 50 day moving average of $230.49 and a 200 day moving average of $247.66. The firm has a market capitalization of $9.88 billion, a P/E ratio of 8.25 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, September 1st. Everest Re Group’s payout ratio is 17.15%.
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Several equities research analysts recently weighed in on the company. ValuEngine raised Everest Re Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Morgan Stanley reissued an “equal weight” rating and issued a $259.00 price objective (up previously from $250.00) on shares of Everest Re Group in a report on Thursday, July 6th. Wells Fargo & Company reissued a “hold” rating on shares of Everest Re Group in a report on Monday, July 24th. Zacks Investment Research lowered Everest Re Group from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, BidaskClub raised Everest Re Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $246.22.
About Everest Re Group
Everest Re Group, Ltd., through its subsidiaries, is engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company operates in segments: U.S. Reinsurance, International, Bermuda and Insurance segment. The Company underwrites reinsurance both through brokers and directly with ceding companies.
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