Greenlight Capital Re (NASDAQ:GLRE) Posts Earnings Results, Misses Estimates By $0.02 EPS

Greenlight Capital Re (NASDAQ:GLRE) posted its earnings results on Tuesday. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02), Zacks reports. Greenlight Capital Re had a return on equity of 18.32% and a net margin of 15.69%. The company had revenue of $174.86 million during the quarter.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE traded down $0.04 during trading hours on Friday, hitting $12.47. 85,573 shares of the company’s stock were exchanged, compared to its average volume of 76,190. The company’s 50-day moving average price is $12.93 and its 200-day moving average price is $12.48. Greenlight Capital Re has a 1-year low of $10.45 and a 1-year high of $13.96. The stock has a market capitalization of $440.45 million, a price-to-earnings ratio of 4.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.09 and a quick ratio of 3.09.

Analyst Ratings Changes

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

About Greenlight Capital Re

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.