The mean price target for the shares of XL Group plc (NYSE:XL)is at $38.94 while the highest price target suggested by the analysts is $43.00 and low price target is $34.00. The mean price target is calculated keeping in view the consensus of 17 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.42B by 6 analysts. The means estimate of sales for the year ending Dec 16 is 9.58B by 6 analysts.
The average estimate of EPS for the current fiscal quarter for XL Group plc (NYSE:XL)stands at $0.64 while the EPS for the current year is fixed at $2.24 by 18.00 analysts
The next one year’s EPS estimate is set at 3.48 by 19.00 analysts while a year ago the analysts suggested the company’s EPS at $2.24. The analysts also projected the company’s long-term growth at 13.52% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , XL Group plc (NYSE:XL)reported earnings of $0.35. The posted earnings missed the analyst’s consensus by $-0.15 with the surprise factor of -30.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
XL Group plc (NYSE:XL) traded up +1.30% during trading on Friday, hitting $33.62 . The stock had a trading volume of 4.1 M shares. The firm has a 50 day moving average of $33.98 and a 200-day moving average of $35.84. The stock has a market cap of $9.56B and a price-to-earnings ratio of 8.45. On Dec 30, 2015 the shares registered one year high at $40.48 and the one year low was seen on Aug 24, 2015.
XL Group plc, through its subsidiaries, operates as an insurance and reinsurance company. The company provides property, casualty, and specialty products to industrial, commercial, professional, and insurance companies, as well as other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance. The Insurance segment offers casualty programs comprising primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, as well as property programs; professional lines, such as directors’, officers’, errors and omissions, employment practices, crime, fiduciary, technology, and cyber liability coverages; and specialty lines, including the aviation and satellite, marine, fine art and specie, equine, livestock and aquaculture, crisis management, political risk, trade credit and life, and accident and health products. The Reinsurance segment provides casualty reinsurance products, including general and professional liability, and automobile and workers’ compensation; property reinsurance products comprising property catastrophe, property risk excess of loss, and property proportional; property catastrophe; specialty reinsurance products, such as energy, marine, aviation, and space; and other reinsurance products, including fidelity, surety, trade credit, accident and health, mortgage, and political risk. The company also writes whole account capital gearing quota share contracts on select syndicates at Lloyd’s. The company markets its products and services through international, national, and regional producers, acting as the brokers and representatives of policyholders; and through general agents. XL Group plc was founded in 1986 and is based in Dublin, Ireland.
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