Greenlight Capital Re (NASDAQ:GLRE) Announces Quarterly Earnings Results, Misses Expectations By $1.40 EPS

Greenlight Capital Re (NASDAQ:GLRE) issued its quarterly earnings results on Monday. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40), Zacks reports. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE traded down $0.25 during mid-day trading on Monday, reaching $13.70. 58,981 shares of the company were exchanged, compared to its average volume of 81,190. The stock has a market capitalization of $477.20 million, a P/E ratio of 5.44 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $13.71 and its 200-day simple moving average is $13.96. Greenlight Capital Re has a twelve month low of $11.72 and a twelve month high of $15.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

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.