Brokerages expect Employers Holdings, Inc. (NYSE:EIG – Get Rating) to post earnings per share (EPS) of $0.54 for the current quarter, Zacks reports. Two analysts have provided estimates for Employers’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.58. Employers reported earnings of $0.41 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 31.7%. The business is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Employers will report full-year earnings of $2.03 per share for the current financial year, with EPS estimates ranging from $1.90 to $2.15. For the next year, analysts anticipate that the business will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Employers.
Employers (NYSE:EIG – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). The company had revenue of $152.00 million during the quarter, compared to analyst estimates of $165.93 million. Employers had a net margin of 13.58% and a return on equity of 5.30%. During the same quarter in the previous year, the business posted $0.51 earnings per share.
Shares of NYSE EIG opened at $41.64 on Thursday. The company has a 50 day simple moving average of $40.84 and a 200 day simple moving average of $40.32. The firm has a market cap of $1.16 billion, a PE ratio of 12.58 and a beta of 0.10. Employers has a 1 year low of $36.23 and a 1 year high of $43.82.
The company also recently declared a dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 31st. Employers’s payout ratio is 31.42%.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Partners LLC grew its position in shares of Employers by 1.7% during the 1st quarter. Advisor Partners LLC now owns 18,282 shares of the financial services provider’s stock worth $750,000 after buying an additional 310 shares during the period. Teacher Retirement System of Texas grew its position in shares of Employers by 6.2% during the 1st quarter. Teacher Retirement System of Texas now owns 5,790 shares of the financial services provider’s stock worth $238,000 after buying an additional 339 shares during the period. California State Teachers Retirement System grew its position in shares of Employers by 1.1% during the 4th quarter. California State Teachers Retirement System now owns 39,104 shares of the financial services provider’s stock worth $1,618,000 after buying an additional 428 shares during the period. Royal Bank of Canada grew its position in shares of Employers by 15.0% during the 2nd quarter. Royal Bank of Canada now owns 3,450 shares of the financial services provider’s stock worth $147,000 after buying an additional 450 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Employers by 2.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 28,476 shares of the financial services provider’s stock worth $1,168,000 after buying an additional 567 shares during the period. Hedge funds and other institutional investors own 78.07% 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.
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