Equities analysts predict that W. R. Berkley Corp (NYSE:WRB) will report $1.80 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for W. R. Berkley’s earnings. W. R. Berkley reported sales of $1.77 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The business is expected to announce its next quarterly earnings results on Tuesday, January 29th.

On average, analysts expect that W. R. Berkley will report full year sales of $7.20 billion for the current year, with estimates ranging from $7.12 billion to $7.32 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.43 billion, with estimates ranging from $7.37 billion to $7.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow W. R. Berkley.

W. R. Berkley (NYSE:WRB) last issued its quarterly earnings results on Tuesday, October 23rd. The insurance provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.28. W. R. Berkley had a return on equity of 9.03% and a net margin of 8.64%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis.

Separately, Zacks Investment Research upgraded W. R. Berkley from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, September 27th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $78.50.

Shares of NYSE WRB traded down $0.65 during midday trading on Tuesday, hitting $75.73. The company’s stock had a trading volume of 402,382 shares, compared to its average volume of 444,251. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. W. R. Berkley has a 12-month low of $67.12 and a 12-month high of $80.68. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.13 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.79%. W. R. Berkley’s payout ratio is 24.39%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in W. R. Berkley during the 3rd quarter worth $103,000. Northwestern Mutual Wealth Management Co. increased its holdings in W. R. Berkley by 75.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,701 shares of the insurance provider’s stock worth $123,000 after purchasing an additional 729 shares during the period. Alps Advisors Inc. purchased a new position in W. R. Berkley during the 2nd quarter worth $207,000. Evercore Wealth Management LLC purchased a new position in W. R. Berkley during the 3rd quarter worth $209,000. Finally, Gifford Fong Associates purchased a new position in W. R. Berkley during the 2nd quarter worth $217,000. Institutional investors own 71.03% of the company’s stock.

W. R. Berkley Company Profile

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines.

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

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