M�nchener R�ckversicherungs-Gesellschaft (MURGY) Set to Post Quarterly Earnings on Tuesday

Key Points

• Munich Re is expected to report quarterly results before the market opens Tuesday, November 10. Analysts forecast earnings of $0.27 per share on $18.08 billion in revenue.
• In the previous quarter, the company reported $0.41 EPS, beating consensus by $0.11, while revenue of $17.65 billion fell short of estimates.
• The stock recently traded at $12.77, near its 52-week high, but analyst sentiment remains cautious: the average rating is “Hold”, and Zacks downgraded the shares to “Strong Sell.”

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) is expected to announce its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $18.08 billion for the quarter.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 20.81%. The business had revenue of $17.65 billion for the quarter, compared to analysts' expectations of $18.75 billion. On average, analysts expect M�nchener R�ckversicherungs-Gesellschaft to post $1.18 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

M�nchener R�ckversicherungs-Gesellschaft stock traded up $0.04 during trading on Tuesday, reaching $12.77. The company had a trading volume of 107,281 shares, compared to its average volume of 781,998. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $13.68. The firm's 50-day simple moving average is $11.90 and its 200 day simple moving average is $11.92. The firm has a market capitalization of $80.30 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 2.22 and a beta of 0.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22.

Analyst Ratings Changes

Separately, Zacks Research cut shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world's major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.

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