W.R. Berkley Corporation (NYSE:WRB) is reporting third quarter financial results on Tuesday 20th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, WRB is expected to report 3Q20 income of $ 0.71 per share from revenue of $ 2041.93 million.
For the full year, analysts anticipate top line of $ 7840.64 million, while looking forward to income of $ 2.21 per share bottom line.
Previous Quarter Performance
W.R. Berkley Corporation unveiled income for the second quarter of $ 0.06 per share, from the revenue of $ 1,936.00 million. The quarterly earnings declined 92.68 percent while revenues shrunk 4.32 percent compared with the same quarter last year.
Street analysts expected W.R. Berkley Corporation to report income of $ 0.26 per share on revenue of $ 1972.22 million for the second quarter. The bottom line results missed street analysts by $ 0.2 or 76.92 percent, at the same time, top line results fell short of analysts by $ 36.22 million or 1.84 percent.
Stock Performance
Shares of W.R. Berkley Corporation traded low $ -0.84 or -1.35 percent on Monday, reaching $ 61.21 with volume of 618.20 thousand shares. W.R. Berkley Corporation has traded high as $ 63.09 and has cracked $ 61.06 on the downward trend
According to the previous trading day, closing price of $ 61.21, representing a 44.13 % increase from the 52 week low of $ 43.05 and a 22.36 % decrease over the 52 week high of $ 79.92.
The company has a market capital of $ 10.90 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on September 15, 2020, with payment date of September 29, 2020 and ex-dividend date on September 14, 2020.
Conference Call
W.R. Berkley Corporation will be hosting a conference call at 5:00 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.berkley.com
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally.
