UNIVERSAL INSURANCE HOLDINGS INC (NYSE:UVE) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, UVE is expected to report 3Q20 loss of $ 0.22 per share from revenue of $ 253.58 million.
For the full year, analysts anticipate top line of $ 999.14 million, while looking forward to income of $ 1.59 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.80 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of UNIVERSAL INSURANCE HOLDINGS INC
Previous Quarter Performance
UNIVERSAL INSURANCE HOLDINGS INC posted income for the second quarter of $ 0.52 per share, from the revenue of $ 252.70 million. The consensus estimates are income of $ 0.50 per share from $ 249.16 million in revenue. The bottom line results beat street analysts by $ 0.02 or 4.00 percent, at the same time, top line results outshined analysts by $ 3.54 million or 1.42 percent.
Stock Performance
Shares of UNIVERSAL INSURANCE HOLDINGS INC traded up $ 0.06 or 0.42 percent on Friday, reaching $ 14.35 with volume of 92.30 thousand shares. UNIVERSAL INSURANCE HOLDINGS INC has traded high as $ 14.43 and has cracked $ 14.27 on the downward trend
According to the previous trading day, closing price of $ 14.35, representing a 5.46 % increase from the 52 week low of $ 13.55 and a 53.59 % decrease over the 52 week high of $ 30.79.
The company has a market capital of $ 457.09 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 24th September 2020, maintained by Piper Sandler at Neutral rating, with $ 16.00 target price.
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets, and underwrites insurance products for personal residential homeowners insurance. It also provides personal residential insurance, such as homeowners, renters/tenants, condo unit owners, and dwelling/fire, and commercial residential multi-peril; and allied lines, coverage for other structures, and personal property, as well as liability and personal articles coverages.
