The closing price of W.R. Berkley Corp. (NYSE: WRB) was $82.69 for the day, down -1.09% from the previous closing price of $83.60. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 906478 shares were traded.
Ratios:
Our analysis of WRB’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 09, 2024, Downgraded its rating to In-line and sets its target price to $79 from $69 previously.
On January 08, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform but kept the price unchanged to $73.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on December 06, 2023, whereas the target price for the stock was revised from $69 to $80.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WRB now has a Market Capitalization of 21.21B and an Enterprise Value of 22.70B. As of this moment, W.R.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.34, and their Forward P/E ratio for the next fiscal year is 12.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 2.85. Its current Enterprise Value per Revenue stands at 1.87.
Stock Price History:
Over the past 52 weeks, WRB has reached a high of $86.33, while it has fallen to a 52-week low of $54.69. The 50-Day Moving Average of the stock is 77.66, while the 200-Day Moving Average is calculated to be 66.96.
Shares Statistics:
WRB traded an average of 1.33M shares per day over the past three months and 1.17M shares per day over the past ten days. A total of 256.54M shares are outstanding, with a floating share count of 200.25M. Insiders hold about 21.95% of the company’s shares, while institutions hold 70.00% stake in the company. Shares short for WRB as of Feb 15, 2024 were 4.04M with a Short Ratio of 3.03, compared to 3.6M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.57% and a Short% of Float of 2.01%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.43, WRB has a forward annual dividend rate of 0.54. Against a Trailing Annual Dividend Yield of 0.52%, it implies a Forward Annual Dividend Yield of 0.53%. The stock’s 5-year Average Dividend Yield is 0.63. The current Payout Ratio is 8.51% for WRB, which recently paid a dividend on Mar 13, 2024 with an ex-dividend date of Mar 01, 2024. Stock splits for the company last occurred on Apr 03, 2019 when the company split stock in a 3:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of $1.5 for the current quarter, with a high estimate of $1.57 and a low estimate of $1.45, while EPS last year was $1. The consensus estimate for the next quarter is $1.45, with high estimates of $1.57 and low estimates of $1.35.
Analysts are recommending an EPS of between $6.35 and $5.7 for the fiscal current year, implying an average EPS of $6.03. EPS for the following year is $6.55, with 13 analysts recommending between $6.8 and $6.23.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $3.3B to a low estimate of $3.23B. As of the current estimate, W.R. Berkley Corp.’s year-ago sales were $2.9B, an estimated increase of 13.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $3.34B, an increase of 11.40% less than the figure of $13.10% in the same quarter last year. There is a high estimate of $3.4B for the next quarter, whereas the lowest estimate is $3.28B.
A total of 6 analysts have provided revenue estimates for WRB’s current fiscal year. The highest revenue estimate was $13.81B, while the lowest revenue estimate was $13.34B, resulting in an average revenue estimate of $13.57B. In the same quarter a year ago, actual revenue was $12.14B, up 11.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $14.61B in the next fiscal year. The high estimate is $15.18B and the low estimate is $14.22B. The average revenue growth estimate for next year is up 7.70% from the average revenue estimate for this year.
