Greenlight Capital Re (NASDAQ:GLRE) Announces Quarterly Earnings Results, Misses Expectations By $1.40 EPS

Greenlight Capital Re (NASDAQ:GLRE) released its quarterly earnings data on Monday. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40), Zacks reports. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE traded down $0.25 during trading on Monday, reaching $13.70. 58,981 shares of the company traded hands, compared to its average volume of 81,190. The firm has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $13.96. Greenlight Capital Re has a 52-week low of $11.72 and a 52-week high of $15.82. The stock has a market capitalization of $477.20 million, a PE ratio of 5.44 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, January 31st.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.