Zacks: Analysts Expect White Mountains Insurance Group Ltd (WTM) to Announce $2.37 EPS

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Equities analysts expect White Mountains Insurance Group Ltd (NYSE:WTM) to report earnings of $2.37 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for White Mountains Insurance Group’s earnings. White Mountains Insurance Group reported earnings of $5.36 per share during the same quarter last year, which would indicate a negative year over year growth rate of 55.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that White Mountains Insurance Group will report full-year earnings of $3.12 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $13.25 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow White Mountains Insurance Group.

White Mountains Insurance Group (NYSE:WTM) last announced its earnings results on Tuesday, August 7th. The insurance provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.89. White Mountains Insurance Group had a net margin of 147.61% and a return on equity of 0.59%. The company had revenue of $16.40 million during the quarter.

A number of brokerages have weighed in on WTM. ValuEngine downgraded shares of White Mountains Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of White Mountains Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, August 10th.

Shares of NYSE WTM opened at $869.60 on Wednesday. White Mountains Insurance Group has a 1-year low of $786.23 and a 1-year high of $980.89. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -100.88 and a beta of 0.37. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.06.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC raised its stake in shares of White Mountains Insurance Group by 18.2% during the second quarter. Glen Harbor Capital Management LLC now owns 364 shares of the insurance provider’s stock worth $330,000 after buying an additional 56 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of White Mountains Insurance Group by 6.7% during the second quarter. Parsons Capital Management Inc. RI now owns 1,180 shares of the insurance provider’s stock worth $1,070,000 after buying an additional 74 shares during the last quarter. Signaturefd LLC raised its stake in shares of White Mountains Insurance Group by 77.8% during the second quarter. Signaturefd LLC now owns 240 shares of the insurance provider’s stock worth $218,000 after buying an additional 105 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of White Mountains Insurance Group by 113.8% during the second quarter. Parallel Advisors LLC now owns 248 shares of the insurance provider’s stock worth $224,000 after buying an additional 132 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of White Mountains Insurance Group during the first quarter worth approximately $109,000.

About White Mountains Insurance Group

White Mountains Insurance Group Ltd. is an insurance holding company, which engages in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, MediaAlpha, and Other Operations. The HG Global/BAM segment refers to the White Mountains’s investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM).

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Earnings History and Estimates for White Mountains Insurance Group (NYSE:WTM)

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