Third Point Reinsurance Ltd. Co (NYSE:TPRE):
Third Point Reinsurance Ltd. Announces Date for Third Quarter 2016 Earnings Release.
The company is now down from yesterday’s close of $11.95.
It is currently trading at $11.85 which is a tad under $12.19, the 50 day moving average and which is marginally lower than the 200 day moving average of $11.98. The 50 day moving average went down by -2.80% and the 200 day average moved down $-0.13.
In the latest earnings report the EPS was $-1.45 and is expected to be $1.09 for the current year with 105,292,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.42 and the next full year EPS is projected to be $2.02.
Several brokerage firms have weighed in on the stock recently. On August 1 Keefe Bruyette & Woods held the company rating at “Market Perform” and moved down the price target from $17.00 to $14.00. February 25 investment analysts at JP Morgan left the company rating at “Neutral” and lowered the price expectation to $14.00 from $15.00.
On October 1 Keefe Bruyette & Woods made no change to the stock rating of “Market Perform” and lowered the price target from $15.50 to $15.00. On June 24, 2015 Compass Point started covering TPRE by announcing an initial rating of “Buy” and projecting a price target of $18.00.
On March 2 Keefe Bruyette & Woods maintained a company rating of “Market Perform” but raised the price expectation to $17.00 from $16.50. On February 18 Citigroup made no change to the company rating of “Buy” but moved up the price target to $17.00 from $16.00.