Employers (EIG) Set to Announce Earnings on Wednesday

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Employers (NYSE:EIG) will post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Employers to post earnings of $0.49 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.40. Employers had a net margin of 20.04% and a return on equity of 13.71%. The firm had revenue of $197.00 million for the quarter, compared to analyst estimates of $214.73 million. During the same period in the previous year, the business earned $0.77 EPS. On average, analysts expect Employers to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of EIG stock opened at $42.84 on Tuesday. Employers has a 1 year low of $39.31 and a 1 year high of $47.97. The company has a fifty day simple moving average of $42.92. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 10.48 and a beta of 0.73.

EIG has been the topic of several recent research reports. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Buckingham Research reiterated a “positive” rating and issued a $152.00 price target (up from $125.00) on shares of Dollar General in a research note on Friday, May 31st.

In other news, SVP Lawrence S. Rogers sold 607 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $41.23, for a total transaction of $25,026.61. Following the transaction, the senior vice president now directly owns 9,558 shares in the company, valued at approximately $394,076.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

About Employers

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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Earnings History for Employers (NYSE:EIG)

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