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Analysts predict that Employers Holdings, Inc. (NYSE: EIG) will report earnings per share of $ 0.52 for the current quarter, Zacks Investment Research reports. Two analysts have released estimates of employer earnings. The highest EPS estimate is $ 0.55 and the lowest is $ 0.48. Employers posted earnings of $ 0.85 per share in the same quarter last year, which would suggest a negative growth rate of 38.8% year over year. The company is expected to release its next quarterly earnings report on Thursday, July 22.
On average, analysts expect employers to report annual earnings of $ 2.08 per share for the current year, with EPS estimates ranging from $ 2.00 to $ 2.15. For the next fiscal year, analysts predict the company will post earnings of $ 1.93 per share, with EPS estimates ranging from $ 1.80 to $ 2.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts who cover employers.
Employers (NYSE: EIG) last released their quarterly results on Thursday, April 22. The financial services provider reported earnings per share (EPS) of $ 0.51 for the quarter, beating analyst consensus estimates of $ 0.44 by $ 0.07. Employers had a return on equity of 8.26% and a net margin of 23.77%. The company posted revenue of $ 163.60 million in the quarter, compared to a consensus estimate of $ 166.02 million. During the same period last year, the company achieved earnings per share of $ 0.35. Employers’ incomes grew 28.8% year-on-year.
Several research analysts have commented on GIE’s actions. Zacks Investment Research downgraded employers from a ‘keep’ rating to a ‘buy’ rating and set a price target of $ 48.00 for the stock in a research report released on Wednesday, June 9. . Boenning Scattergood raised employer stocks from a “neutral†rating to an “outperforming†rating and set a target price of $ 49.00 on the stock in a report released on Friday, April 23.
A number of institutional investors and hedge funds have recently bought and sold shares of EIG. Vantage Consulting Group Inc purchased a new position in Employer shares in the fourth quarter valued at approximately $ 39,000. Veriti Management LLC purchased a new position in Employers in the 4th quarter for a value of $ 52,000. Captrust Financial Advisors acquired a new position in Employers in the 1st quarter valued at $ 105,000. Quantbot Technologies LP increased its position in Employers by 90.2% during the 1st quarter. Quantbot Technologies LP now owns 3,100 shares of the financial services provider valued at $ 133,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Roosevelt Investment Group LLC acquired a new stake in the shares of Employers in the 1st quarter for a value of $ 210,000. 76.15% of the shares are held by hedge funds and other institutional investors.
Employer shares traded at $ 1.62 in Friday’s session, reaching $ 41.06. The stock had a trading volume of 216,325 shares, compared to its average volume of 179,065. The company has a market capitalization of $ 1.17 billion, a PE ratio of 6.83 and a beta of 0. 01. Employers have a 12-month minimum of $ 28.48 and a 12-month maximum of $ 43.82. The company has a fifty-day simple moving average of $ 41.47.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 19. Investors of record on Wednesday, May 5 received a dividend of $ 0.25 per share. This represents a dividend of $ 1.00 on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Tuesday May 4. The dividend payout rate for employers is currently 32.26%.
Employer Company Profile
Employers Holdings, Inc., through its subsidiaries, operates in the property and casualty insurance industry primarily in the United States. It provides workers’ compensation insurance for small businesses in low to medium risk industries. The company markets its products through independent local, regional and national agents and brokers; alternative distribution channels; and national, regional and local business groups and associations, as well as directly to customers.
Further Reading: How To Invest In Dividend Stocks
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