Hannover Ruck (HVRRY) Expected to Release Earnings on Monday

Key Points

• Hannover Ruck is expected to report quarterly results before Monday’s market open, with analysts forecasting earnings of $1.01 per share on $7.28 billion in revenue.
• In the previous quarter, the reinsurer exceeded expectations, posting $1.12 EPS versus the $1.06 consensus and revenue of $7.43 billion compared with estimates of $7.23 billion.
• Shares opened at $54.06, near their 12-month high of $55.72, while analysts maintain an average “Buy” rating; Zacks recently upgraded the stock from “Strong Sell” to “Hold.”

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) is expected to post its results before the market opens on Monday, November 9th. Analysts expect the company to post earnings of $1.01 per share and revenue of $7.28 billion for the quarter.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.23 billion. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%. On average, analysts expect Hannover Ruck to post $4.20 EPS for the current fiscal year and $4.32 EPS for the next fiscal year.

Hannover Ruck Price Performance

Shares of OTCMKTS:HVRRY opened at $54.06 on Monday. The business has a 50-day moving average price of $49.80 and a 200 day moving average price of $48.77. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 13.38 and a beta of 0.14. Hannover Ruck has a 12-month low of $43.00 and a 12-month high of $55.72.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Hannover Ruck from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Hannover Ruck presently has an average rating of "Buy".

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance company. It provides reinsurance and related risk-transfer solutions to primary insurance companies, helping them manage exposures arising from natural catastrophes, property damage, liability claims, mortality, longevity and other insurance risks.

The company operates through property and casualty reinsurance and life and health reinsurance. Its offerings include traditional treaty and facultative reinsurance, retrocession, structured reinsurance and alternative risk-transfer solutions.

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