Analysts forecast that W.R. Berkley Corporation (NYSE:WRB) will report sales of $1.72 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for W.R. Berkley Corporation’s earnings. W.R. Berkley Corporation posted sales of $1.73 billion during the same quarter last year, which would indicate a negative year over year growth rate of 0.6%. The firm is scheduled to report its next earnings report on Tuesday, October 24th.

On average, analysts expect that W.R. Berkley Corporation will report full year sales of $1.72 billion for the current fiscal year, with estimates ranging from $6.87 billion to $7.23 billion. For the next fiscal year, analysts expect that the firm will report sales of $7.06 billion per share, with estimates ranging from $6.99 billion to $7.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover W.R. Berkley Corporation.

W.R. Berkley Corporation (NYSE:WRB) last posted its earnings results on Tuesday, July 25th. The insurance provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.61 billion. W.R. Berkley Corporation had a net margin of 7.86% and a return on equity of 7.67%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS.

WRB has been the topic of a number of recent research reports. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (up from $68.00) on shares of W.R. Berkley Corporation in a research note on Friday, July 7th. BidaskClub upgraded shares of W.R. Berkley Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of W.R. Berkley Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 price target on shares of W.R. Berkley Corporation in a research note on Wednesday, May 17th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of W.R. Berkley Corporation in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. W.R. Berkley Corporation presently has an average rating of “Hold” and a consensus target price of $63.83.

WARNING: “Brokerages Expect W.R. Berkley Corporation (NYSE:WRB) Will Post Quarterly Sales of $1.72 Billion” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/brokerages-expect-w-r-berkley-corporation-nysewrb-will-post-quarterly-sales-of-1-72-billion.html.

W.R. Berkley Corporation (NYSE WRB) traded down 0.71% on Friday, reaching $68.14. 374,590 shares of the company’s stock were exchanged. W.R. Berkley Corporation has a one year low of $55.55 and a one year high of $73.17. The firm has a 50 day moving average of $69.40 and a 200-day moving average of $69.10. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 14.47 and a beta of 0.87.

A number of institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of W.R. Berkley Corporation by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 289,697 shares of the insurance provider’s stock valued at $19,268,000 after buying an additional 1,173 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in shares of W.R. Berkley Corporation by 4.9% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 43,401 shares of the insurance provider’s stock valued at $3,066,000 after buying an additional 2,008 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of W.R. Berkley Corporation by 0.3% in the fourth quarter. Macquarie Group Ltd. now owns 161,050 shares of the insurance provider’s stock valued at $10,711,000 after buying an additional 450 shares in the last quarter. World Asset Management Inc raised its position in shares of W.R. Berkley Corporation by 1.0% in the first quarter. World Asset Management Inc now owns 6,650 shares of the insurance provider’s stock valued at $470,000 after buying an additional 63 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of W.R. Berkley Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,548 shares of the insurance provider’s stock valued at $168,000 after buying an additional 102 shares in the last quarter. Institutional investors own 72.00% of the company’s stock.

About W.R. Berkley Corporation

W. R. Berkley Corporation is an insurance holding company. It operates through two segments: Insurance and Reinsurance-Global. The Insurance segment consists of its commercial insurance business operations, comprising excess and surplus lines, and admitted lines, throughout the United States, as well as its insurance business operations in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia.

Get a free copy of the Zacks research report on W.R. Berkley Corporation (WRB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for W.R. Berkley Corporation (NYSE:WRB)

Receive News & Ratings for W.R. Berkley Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Berkley Corporation and related companies with MarketBeat.com's FREE daily email newsletter.