M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) is projected to issue its results before the market opens on Tuesday, November 10th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $18.08 billion for the quarter.
M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY – Get Free Report) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. The company had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. On average, analysts expect M�nchener R�ckversicherungs-Gesellschaft to post $1.18 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.
M�nchener R�ckversicherungs-Gesellschaft Price Performance
M�nchener R�ckversicherungs-Gesellschaft stock traded up $0.04 during midday trading on Tuesday, reaching $12.77. 107,281 shares of the stock traded hands, compared to its average volume of 781,998. The stock has a market cap of $80.30 billion, a P/E ratio of 5.09, a PEG ratio of 2.22 and a beta of 0.36. The stock’s fifty day moving average is $11.90 and its 200-day moving average is $11.92. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $10.09 and a 12 month high of $13.68.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, M�nchener R�ckversicherungs-Gesellschaft has an average rating of “Hold”.
View Our Latest Research Report on M�nchener R�ckversicherungs-Gesellschaft
M�nchener R�ckversicherungs-Gesellschaft Company Profile
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world’s major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.
Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.
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