Markel (MKL) Set to Announce Earnings on Wednesday
Markel (NYSE:MKL) will be posting its quarterly earnings results after the market closes on Wednesday, October 24th. Analysts expect Markel to post earnings of $8.99 per share for the quarter.
Markel (NYSE:MKL) last posted its earnings results on Tuesday, July 31st. The insurance provider reported $19.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.49 by $11.48. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Markel had a return on equity of 2.89% and a net margin of 5.79%. On average, analysts expect Markel to post $39 EPS for the current fiscal year and $40 EPS for the next fiscal year.
MKL stock traded down $0.12 during midday trading on Tuesday, hitting $1,098.53. 103 shares of the company’s stock were exchanged, compared to its average volume of 46,912. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.32. The stock has a market cap of $15.56 billion, a price-to-earnings ratio of 302.53 and a beta of 0.96. Markel has a 1-year low of $1,049.95 and a 1-year high of $1,228.32.
Several equities research analysts have issued reports on the company. Zacks Investment Research cut Markel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine raised Markel from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research note on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,252.75.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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