Universal Insurance Holdings Inc reports results for the quarter ended in June - Earnings Summary

Universal Insurance Holdings

28/07/2023 01:00

* Universal Insurance Holdings Inc  UVE.N  reported
quarterly
adjusted earnings of 87 cents​​ per share for the quarter ended
in June. The mean expectation of two analysts for the quarter
was for earnings of 77 cents per share.
    * Revenue rose 9.5% to $303.27 million from a year ago;
analysts
expected $296.45 million. 
    * Universal Insurance Holdings Inc's reported EPS for the
quarter
was 93 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Universal Insurance Holdings Inc shares had risen by 2.4%
this
quarter and gained 49.2% so far this year.
    * The company reported quarterly net income of $28.57
million.
    * Wall Street's median 12-month price target for Universal
Insurance Holdings Inc is $22.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 12:00 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.77           0.87           Beat
 Mar. 31 2023      0.74           0.79           Beat
 Dec. 31 2022      -0.49          0.72           Beat
 Sep. 30 2022      -2.45          -2.27          Beat