For its first fiscal quarter (ending March 31), SiriusPoint Ltd (NYSE: SPNT) has reported a -34% decline in E.P.S. from $0.76 a year ago to $0.50 in the current quarter. For the latest four quarters through March 31, E.P.S. were $1.66 compared to $-0.40 a year ago.
Recent Price Action
On 4/30/24, SiriusPoint Ltd (NYSE: SPNT) stock declined modestly by -1.9%, closing at $11.78. However, below average trading volume at 76% of normal accompanied the decline. The stock has declined -3.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SPNT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
SiriusPoint has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. SiriusPoint has a good Appreciation Score of 76 and a good Power Rating of 81, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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