Wall Street analysts expect Employers Holdings, Inc. (NYSE:EIG) to announce earnings per share (EPS) of $0.58 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings, with estimates ranging from $0.35 to $0.80. Employers reported earnings per share of $1.31 during the same quarter last year, which would suggest a negative year-over-year growth rate of 55.7%. The firm is expected to report its next quarterly earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Employers will report full year earnings of $3.30 per share for the current financial year, with EPS estimates ranging from $3.07 to $3.52. For the next financial year, analysts expect that the business will post earnings of $2.33 per share, with EPS estimates ranging from $1.80 to $2.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Employers.
Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.28. Employers had a net margin of 18.73% and a return on equity of 12.09%. The company had revenue of $198.40 million during the quarter, compared to the consensus estimate of $203.58 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share.
Employers stock traded up $0.32 during trading on Friday, reaching $43.29. The stock had a trading volume of 102,422 shares, compared to its average volume of 139,046. Employers has a 52-week low of $39.31 and a 52-week high of $47.45. The business has a 50 day moving average price of $42.42 and a 200 day moving average price of $42.83. The stock has a market cap of $1.36 billion, a PE ratio of 10.62 and a beta of 0.70.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.03%. Employers’s dividend payout ratio is currently 21.41%.
Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP lifted its stake in Employers by 3.3% in the third quarter. First Trust Advisors LP now owns 134,673 shares of the financial services provider’s stock worth $5,869,000 after acquiring an additional 4,329 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Employers by 39.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 8,551 shares of the financial services provider’s stock worth $373,000 after buying an additional 2,439 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Employers by 3.7% during the 3rd quarter. Rhumbline Advisers now owns 122,751 shares of the financial services provider’s stock worth $5,349,000 after buying an additional 4,426 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Employers during the 3rd quarter worth approximately $144,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Employers by 101.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 110,012 shares of the financial services provider’s stock worth $4,650,000 after buying an additional 55,397 shares during the last quarter. Institutional investors own 79.56% of the company’s stock.
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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