Employers Holdings, Inc. (NYSE:EIG) Expected to Post Earnings of $0.47 Per Share

Equities research analysts expect Employers Holdings, Inc. (NYSE:EIGGet Rating) to post $0.47 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Employers’ earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.54. Employers reported earnings per share of $0.51 in the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Employers will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.15. For the next year, analysts forecast that the firm will post earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Employers.

Employers (NYSE:EIGGet Rating) last posted its quarterly earnings results on Wednesday, February 16th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.39. Employers had a net margin of 16.97% and a return on equity of 5.67%. The firm had revenue of $199.80 million for the quarter, compared to analysts’ expectations of $162.99 million. During the same quarter in the prior year, the company posted $1.46 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis.

A number of equities research analysts have recently commented on the stock. Boenning Scattergood cut shares of Employers from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 6th. TheStreet upgraded shares of Employers from a “c+” rating to a “b-” rating in a report on Wednesday, February 16th. StockNews.com assumed coverage on shares of Employers in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a research report on Friday, April 8th.

NYSE:EIG opened at $41.29 on Thursday. The company’s 50 day moving average price is $40.22 and its 200-day moving average price is $40.18. Employers has a 52 week low of $36.23 and a 52 week high of $43.82. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.85 and a beta of 0.07.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. Employers’s dividend payout ratio (DPR) is 23.87%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EIG. Norges Bank bought a new position in Employers in the fourth quarter worth approximately $13,452,000. Wolf Group Capital Advisors raised its position in shares of Employers by 205.3% during the 4th quarter. Wolf Group Capital Advisors now owns 141,417 shares of the financial services provider’s stock valued at $5,852,000 after purchasing an additional 95,091 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Employers by 263.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 118,853 shares of the financial services provider’s stock valued at $4,918,000 after purchasing an additional 86,150 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Employers during the 4th quarter valued at $3,166,000. Finally, First Trust Advisors LP raised its position in shares of Employers by 180.0% during the 1st quarter. First Trust Advisors LP now owns 99,978 shares of the financial services provider’s stock valued at $4,010,000 after purchasing an additional 64,271 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.

Employers Company Profile (Get Rating)

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; and national, regional, and local trade groups and associations, as well as directly to customers.

Further Reading

Get a free copy of the Zacks research report on Employers (EIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Employers (NYSE:EIG)

Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.