Maiden Holdings, Ltd. (MHLD) Releases Quarterly Earnings Results, Misses Expectations By $0.77 EPS
Maiden Holdings, Ltd. (NASDAQ:MHLD) announced its earnings results on Wednesday. The insurance provider reported ($0.66) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.77), Briefing.com reports. The company had revenue of $653.87 million for the quarter, compared to analysts’ expectations of $708.04 million. Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 8.90%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share.
Shares of Maiden Holdings (MHLD) traded up $0.34 on Friday, hitting $6.93. The stock had a trading volume of 1,305,783 shares, compared to its average volume of 621,560. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.25. Maiden Holdings has a one year low of $6.25 and a one year high of $18.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.15 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 8.66%. Maiden Holdings’s payout ratio is -36.59%.
Several equities research analysts recently commented on the company. BidaskClub downgraded Maiden Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. B. Riley reiterated a “neutral” rating and set a $10.00 target price on shares of Maiden Holdings in a report on Monday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $10.00 target price on shares of Maiden Holdings in a report on Friday, November 3rd. JMP Securities restated a “mkt outperform” rating and set a $9.00 price objective on shares of Maiden Holdings in a report on Thursday, August 10th. Finally, FBR & Co restated a “hold” rating and set a $11.00 price objective on shares of Maiden Holdings in a report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.00.
About Maiden Holdings
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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