Wall Street brokerages expect that Validus Holdings, Ltd. (NYSE:VR) will announce earnings per share (EPS) of $0.84 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Validus’ earnings. Validus reported earnings of $0.95 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.6%. The firm is scheduled to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Validus will report full-year earnings of $4.13 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.55. For the next year, analysts expect that the company will report earnings of $4.55 per share, with EPS estimates ranging from $4.10 to $5.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Validus.
Validus (NYSE:VR) last announced its quarterly earnings data on Thursday, February 1st. The insurance provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($1.00). Validus had a negative net margin of 4.60% and a negative return on equity of 0.99%. The firm had revenue of $346.88 million during the quarter, compared to analyst estimates of $352.00 million. During the same period last year, the business posted $0.80 EPS. The company’s revenue was up 16.1% on a year-over-year basis.
Shares of Validus (NYSE VR) traded down $0.06 during trading on Friday, reaching $67.54. The company’s stock had a trading volume of 106,881 shares, compared to its average volume of 2,766,506. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. Validus has a 12-month low of $41.15 and a 12-month high of $67.73. The firm has a market capitalization of $5,530.81, a PE ratio of -78.60, a PEG ratio of 1.82 and a beta of 1.05.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 2.25%. Validus’s payout ratio is -176.74%.
In related news, President Kean Driscoll sold 6,875 shares of Validus stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.16, for a total transaction of $317,350.00. Following the transaction, the president now owns 110,858 shares of the company’s stock, valued at $5,117,205.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 20,625 shares of company stock worth $1,102,544. 2.33% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in VR. Boston Partners lifted its holdings in Validus by 1,009.9% during the fourth quarter. Boston Partners now owns 4,279,398 shares of the insurance provider’s stock worth $200,789,000 after acquiring an additional 3,893,816 shares during the period. State Treasurer State of Michigan raised its stake in shares of Validus by 11.4% in the third quarter. State Treasurer State of Michigan now owns 3,798,643 shares of the insurance provider’s stock valued at $186,931,000 after buying an additional 390,000 shares during the period. Wells Fargo & Company MN raised its stake in shares of Validus by 3.2% in the third quarter. Wells Fargo & Company MN now owns 2,463,909 shares of the insurance provider’s stock valued at $121,248,000 after buying an additional 76,636 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Validus by 42.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,266,264 shares of the insurance provider’s stock valued at $106,333,000 after buying an additional 670,864 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Validus by 73.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,985,484 shares of the insurance provider’s stock valued at $93,159,000 after buying an additional 837,887 shares during the period. 95.01% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Brokerages Anticipate Validus Holdings, Ltd. (VR) to Post $0.84 Earnings Per Share” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://stocknewstimes.com/2018/03/14/brokerages-anticipate-validus-holdings-ltd-vr-to-post-0-84-earnings-per-share.html.
Validus Holdings, Ltd. is a holding company. The Company operates through four segments: Validus Re, Talbot, Western World and AlphaCat. Validus Re is a Bermuda-based reinsurance segment focused treaty reinsurance. Validus Re concentrates on first-party property and other reinsurance risks. Talbot is a specialty insurance segment operating within the Lloyd’s insurance market through Syndicate 1183.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Validus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Validus and related companies with MarketBeat.com's FREE daily email newsletter.