Everest Group, Ltd. (NYSE:EG) Declares $2.00 Quarterly Dividend

Everest Group, Ltd. (NYSE:EG) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, September 9th will be given a dividend of 2.00 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th.

Everest Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Everest Group has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Everest Group to earn $59.47 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 13.5%.

Everest Group Price Performance

Shares of NYSE EG opened at $363.15 on Thursday. The company has a fifty day moving average price of $361.46 and a 200 day moving average price of $344.93. The firm has a market cap of $13.92 billion, a PE ratio of 7.68, a PEG ratio of 0.72 and a beta of 0.29. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. Everest Group has a 1-year low of $302.44 and a 1-year high of $401.07.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.52 by $0.33. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $16.10 EPS. Research analysts predict that Everest Group will post 53.13 earnings per share for the current fiscal year.

About Everest Group

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.