Radian Group (RDN) Scheduled to Post Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Radian Group to post earnings of $0.83 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The company had revenue of $328.64 million for the quarter, compared to analyst estimates of $319.04 million. During the same quarter in the prior year, the company earned $1.05 earnings per share. Radian Group’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect Radian Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Radian Group Trading Up 2.3 %

Shares of RDN stock opened at $30.60 on Wednesday. Radian Group has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $30.32 and a 200-day simple moving average of $28.30. The stock has a market cap of $4.64 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.82 and a beta of 1.02.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a dividend of $0.245 per share. This is an increase from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, February 23rd. Radian Group’s dividend payout ratio (DPR) is 25.93%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $35.00 price target (down previously from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Radian Group has an average rating of “Hold” and a consensus target price of $30.00.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.