FY2017 Earnings Forecast for Maiden Holdings, Ltd. Issued By B. Riley (MHLD)
Maiden Holdings, Ltd. (NASDAQ:MHLD) – Stock analysts at B. Riley lowered their FY2017 EPS estimates for shares of Maiden Holdings in a report issued on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings per share of ($0.35) for the year, down from their previous estimate of $0.45. B. Riley has a “Neutral” rating and a $10.00 price objective on the stock.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.77). The company had revenue of $653.87 million during the quarter, compared to analysts’ expectations of $708.04 million. Maiden Holdings had a negative return on equity of 9.10% and a negative net margin of 3.95%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. ILLEGAL ACTIVITY WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/13/fy2017-earnings-forecast-for-maiden-holdings-ltd-issued-by-b-riley-mhld.html.
Several other equities research analysts have also commented on MHLD. BidaskClub lowered Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods downgraded shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $17.00 to $10.00 in a report on Thursday, August 10th. JMP Securities reaffirmed a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a report on Thursday, August 10th. Zacks Investment Research raised shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $11.00 target price on shares of Maiden Holdings in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.00.
Shares of Maiden Holdings (NASDAQ MHLD) opened at $6.92 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.21 and a current ratio of 0.18. Maiden Holdings has a 12 month low of $6.25 and a 12 month high of $18.95.
Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in Maiden Holdings in the 2nd quarter worth $115,000. Principal Financial Group Inc. boosted its holdings in shares of Maiden Holdings by 419.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock valued at $33,479,000 after purchasing an additional 2,435,153 shares during the last quarter. Cipher Capital LP boosted its holdings in shares of Maiden Holdings by 87.5% during the 2nd quarter. Cipher Capital LP now owns 127,486 shares of the insurance provider’s stock valued at $1,415,000 after purchasing an additional 59,502 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Maiden Holdings during the 2nd quarter valued at about $1,247,000. Finally, Legal & General Group Plc boosted its holdings in shares of Maiden Holdings by 0.5% during the 1st quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock valued at $1,769,000 after purchasing an additional 675 shares during the last quarter. 68.68% of the stock is owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.67%. The ex-dividend date is Friday, December 29th. Maiden Holdings’s dividend payout ratio is currently -36.59%.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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