Maiden Holdings Ltd. (MHLD) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Maiden Holdings Ltd. (MHLD) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.35 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.37. The company posted revenue of $659.40 million in the period, compared to analysts expectations of $583.50 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Maiden Holdings Ltd.. Shares were Reiterated by Compass Point on Feb 24, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $19 .

Maiden Holdings Ltd. opened for trading at $12.27 and hit $12.41 on the upside on Monday, eventually ending the session at $12.38, with a gain of 1.23% or 0.15 points. The heightened volatility saw the trading volume jump to 2,65,603 shares. Company has a market cap of $914 M.

In a different news, on Jun 26, 2015, Raymond Michael Neff (director) sold 25,000 shares at $15.69 per share price.

Maiden Holdings Ltd. (Maiden) is a holding company focused 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Financial Services Inc. (AmTrust) Reinsurance. The Company’s Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Bermuda) from AmTrust primarily the AmTrust Quota Share and the European Hospital Liability Quota Share.

Maiden Holdings Ltd.

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