Universal Insurance Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Universal Insurance Holdings Inc UVE.N reported quarterly adjusted earnings of $1.44​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.07. The mean expectation of two analysts for the quarter was for earnings of $1.26 per share. Wall Street expected results to range from $1.12 to $1.40 per share.

• Revenue rose 8.2% to $394.87 million from a year ago; analysts expected $354.97 million.

• Universal Insurance Holdings Inc's reported EPS for the quarter was $1.44​.

• The company reported quarterly net income of $41.44 million.

• Universal Insurance Holdings Inc shares had fallen by 1.0% this quarter and gained 11.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 "hold."

• Wall Street's median 12-month price target for Universal Insurance Holdings Inc is $27.00

This summary was machine generated from LSEG data April 24 at 09:01 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)