Greenlight Capital Re (NASDAQ:GLRE) Releases Earnings Results

Greenlight Capital Re (NASDAQ:GLRE) announced its quarterly earnings data on Monday. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40), Zacks reports. The firm had revenue of $143.76 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE opened at $13.70 on Tuesday. The firm has a fifty day moving average price of $13.70 and a 200-day moving average price of $13.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market cap of $477.20 million, a PE ratio of 5.44 and a beta of 0.86. Greenlight Capital Re has a 1 year low of $11.72 and a 1 year high of $15.82.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note 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.