Blue Capital Reinsurance Holdings Ltd (BCRH) Expected to Announce Earnings of $0.24 Per Share

Wall Street analysts forecast that Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) will post earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Blue Capital Reinsurance’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.28. Blue Capital Reinsurance posted earnings per share of $0.28 during the same quarter last year, which indicates a negative year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Blue Capital Reinsurance will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.75. For the next financial year, analysts anticipate that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.50 to $0.75. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Blue Capital Reinsurance.

Blue Capital Reinsurance (NYSE:BCRH) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). Blue Capital Reinsurance had a negative return on equity of 24.74% and a negative net margin of 80.06%. The business had revenue of $6.70 million during the quarter.

Several research firms have weighed in on BCRH. Zacks Investment Research cut Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

NYSE:BCRH traded down $0.02 on Friday, hitting $7.48. 1,307 shares of the company’s stock traded hands, compared to its average volume of 9,892. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.17 and a quick ratio of 0.17. Blue Capital Reinsurance has a 1 year low of $5.30 and a 1 year high of $11.85. The stock has a market cap of $64.53 million, a PE ratio of -2.29 and a beta of 0.68.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 8.02%. Blue Capital Reinsurance’s payout ratio is -18.35%.

Several hedge funds and other institutional investors have recently made changes to their positions in BCRH. Raymond James & Associates lifted its holdings in shares of Blue Capital Reinsurance by 2.1% during the fourth quarter. Raymond James & Associates now owns 99,998 shares of the insurance provider’s stock worth $550,000 after buying an additional 2,016 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Blue Capital Reinsurance by 1.2% in the third quarter. Vanguard Group Inc now owns 242,561 shares of the insurance provider’s stock valued at $2,474,000 after purchasing an additional 2,801 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Blue Capital Reinsurance by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock valued at $1,220,000 after purchasing an additional 7,664 shares in the last quarter. Marathon Capital Management acquired a new position in shares of Blue Capital Reinsurance in the fourth quarter valued at $61,000. Finally, Donald Smith & CO. Inc. raised its stake in shares of Blue Capital Reinsurance by 2.3% in the fourth quarter. Donald Smith & CO. Inc. now owns 899,272 shares of the insurance provider’s stock valued at $4,946,000 after purchasing an additional 19,987 shares in the last quarter. 40.62% of the stock is owned by institutional investors and hedge funds.

Blue Capital Reinsurance Company Profile

Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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