Employers (EIG) Set to Announce Earnings on Thursday

Employers (NYSE:EIG) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Employers (NYSE:EIG) last announced its quarterly earnings results on Friday, February 16th. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.40. The company had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $215.38 million. Employers had a return on equity of 10.54% and a net margin of 13.88%. Employers’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. On average, analysts expect Employers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Employers Price Performance

Employers stock opened at $44.32 on Tuesday. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.92 and a beta of 0.24. Employers has a 12 month low of $35.43 and a 12 month high of $46.78. The business has a 50 day simple moving average of $44.42 and a 200-day simple moving average of $41.16.

Employers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, February 27th. Employers’s dividend payout ratio (DPR) is presently 25.06%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Employers from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Janney Montgomery Scott cut Employers from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.