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UVE — Universal Insurance Holdings News Story

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Universal Insurance Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

Universal Insurance Holdings Inc UVE.N reported quarterly adjusted earnings of $1.23​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.18.  The mean expectation of two analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from $1.09  to $1.15 per share.

Revenue rose 16% to $400.14 million from a year ago; analysts expected $359.98 million.

Universal Insurance Holdings Inc's reported EPS for the quarter was $1.21​.

The company reported quarterly net income of $35.09 million.

Universal Insurance Holdings Inc shares had fallen by 8.2% this quarter and gained 20.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

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." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

Wall Street's median 12-month price target for Universal Insurance Holdings Inc is $29.00, about 14.6% above its last closing price of $24.77

This summary was machine generated from LSEG data July 24 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.121.23Beat
Mar. 31 20251.261.44Beat
Dec. 31 20240.090.25Beat
Sep. 30 2024-0.96-0.73Beat

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