Wall Street analysts predict that Employers Holdings, Inc. (NYSE:EIG) will post $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Employers’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.65. Employers posted earnings per share of $0.98 in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.9%. The business is scheduled to issue its next earnings results on Wednesday, October 23rd.
On average, analysts expect that Employers will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.55 to $2.90. For the next financial year, analysts expect that the business will post earnings of $2.25 per share, with EPS estimates ranging from $1.80 to $2.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Employers.
Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.41. Employers had a net margin of 19.82% and a return on equity of 12.98%. The company had revenue of $204.30 million for the quarter, compared to analysts’ expectations of $206.19 million. During the same quarter last year, the company earned $0.94 earnings per share.
Several equities analysts have issued reports on EIG shares. Buckingham Research upgraded shares of Employers from an “underperform” rating to a “neutral” rating in a research note on Friday, May 31st. Zacks Investment Research downgraded Employers from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $50.00 target price on shares of Employers in a research report on Thursday, July 25th.
Shares of NYSE EIG traded down $0.12 during mid-day trading on Friday, reaching $43.10. The company had a trading volume of 129 shares, compared to its average volume of 86,298. Employers has a 52-week low of $39.31 and a 52-week high of $47.97. The stock has a market cap of $1.38 billion, a P/E ratio of 10.49 and a beta of 0.75. The firm has a 50 day simple moving average of $43.06 and a two-hundred day simple moving average of $42.21.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.04%. Employers’s dividend payout ratio (DPR) is presently 21.41%.
Several large investors have recently made changes to their positions in EIG. Quadrant Capital Group LLC boosted its stake in shares of Employers by 2,363.8% in the first quarter. Quadrant Capital Group LLC now owns 1,158 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,111 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Employers by 628.1% in the 2nd quarter. Denali Advisors LLC now owns 10,200 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 8,799 shares during the last quarter. First Quadrant L P CA grew its stake in shares of Employers by 115.4% during the second quarter. First Quadrant L P CA now owns 34,556 shares of the financial services provider’s stock worth $1,461,000 after purchasing an additional 18,516 shares during the period. Bank of Montreal Can raised its position in shares of Employers by 3.6% in the 1st quarter. Bank of Montreal Can now owns 139,027 shares of the financial services provider’s stock valued at $5,577,000 after acquiring an additional 4,771 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Employers by 141.6% in the first quarter. Quantinno Capital Management LP now owns 16,844 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 9,873 shares in the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.
Employers Company Profile
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.
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