* Universal Insurance Holdings Inc reported quarterly adjusted earnings of $1.07 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 79 cents. The mean expectation of two analysts for the quarter was for earnings of $1.05 per share. Wall Street expected results to range from $1.04 to $1.05 per share.
* Revenue rose 29.3% to $364.93 million from a year ago; analysts expected $336.09 million.
* Universal Insurance Holdings Inc's reported EPS for the quarter was $1.14.
* The company reported quarterly net income of $33.65 million.
* Universal Insurance Holdings Inc shares had fallen by 0.3% this quarter and gained 26.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.5% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for Universal Insurance Holdings Inc is $25.00 This summary was machine generated from LSEG data April 26 at 12:43 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.05 1.07 Beat
Dec. 31 2023 0.25 0.43 Beat
Sep. 30 2023 -0.29 -0.16 Beat
Jun. 30 2023 0.77 0.87 Beat
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