Brokerages Expect Watford Hldg Ltd (NASDAQ:WTRE) to Post $0.91 EPS

Watford Hldg Ltd (NASDAQ:WTRE) has earned an average broker rating score of 2.50 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Watford’s rating score has improved by 16.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $31.75 for the company and are expecting that the company will post $0.91 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Watford an industry rank of 90 out of 256 based on the ratings given to its competitors.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Yatra Online from a “hold” rating to a “sell” rating in a research report on Saturday, July 6th. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on shares of Axel Springer and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Barclays assumed coverage on shares of GENFIT S A/ADR in a research report on Monday, April 22nd. They set an “overweight” rating and a $55.00 price objective on the stock. JMP Securities lowered their price objective on shares of New Fortress Energy from $20.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 16th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Palomar in a research report on Sunday, May 12th. They set an “outperform” rating and a $24.00 price objective on the stock.

WTRE traded up $0.05 on Tuesday, reaching $23.06. 117,676 shares of the company traded hands, compared to its average volume of 238,305. The business has a 50 day moving average price of $26.12. Watford has a 52-week low of $22.34 and a 52-week high of $28.99.

Watford (NASDAQ:WTRE) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $2.10 EPS for the quarter, missing the Zacks’ consensus estimate of $3.72 by ($1.62). The company had revenue of $205.04 million for the quarter. As a group, equities analysts predict that Watford will post 4.55 earnings per share for the current year.

In other Watford news, Director Maamoun Rajeh bought 10,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was bought at an average cost of $27.30 per share, with a total value of $273,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alexandre Scherer bought 1,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was acquired at an average cost of $26.27 per share, with a total value of $31,524.00. The disclosure for this purchase can be found here. Insiders have purchased 58,846 shares of company stock worth $1,501,952 over the last ninety days.

A number of hedge funds have recently bought and sold shares of the business. Element Pointe Advisors LLC bought a new stake in Watford in the first quarter worth approximately $3,344,000. First Republic Investment Management Inc. bought a new stake in Watford in the first quarter worth approximately $334,000. Price Wealth Management Inc. bought a new stake in Watford in the first quarter worth approximately $334,000. Finally, Strs Ohio bought a new stake in Watford in the second quarter worth approximately $148,000. 1.21% of the stock is owned by institutional investors.

Watford Company Profile

Watford Holdings Ltd., together with its subsidiaries, operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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