Zacks: Analysts Expect Employers Holdings, Inc. (NYSE:EIG) Will Announce Earnings of $0.52 Per Share
Analysts expect that Employers Holdings, Inc. (NYSE:EIG) will report earnings per share of $0.52 for the current quarter, according to Zacks. Two analysts have made estimates for Employers’ earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.39. Employers posted earnings per share of $0.98 in the same quarter last year, which would indicate a negative year-over-year growth rate of 46.9%. The business is scheduled to announce its next earnings results on Wednesday, October 23rd.
On average, analysts expect that Employers will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.55 to $2.90. For the next financial year, analysts expect that the firm will post earnings of $2.25 per share, with EPS estimates ranging from $1.80 to $2.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Employers.
Employers (NYSE:EIG) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.41. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $206.19 million. Employers had a net margin of 19.82% and a return on equity of 12.98%. During the same quarter in the prior year, the business posted $0.94 EPS.
Shares of Employers stock traded up $0.84 during trading on Thursday, reaching $42.40. The company had a trading volume of 73,907 shares, compared to its average volume of 152,134. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 10.32 and a beta of 0.74. The firm’s fifty day moving average is $43.41 and its 200-day moving average is $42.32. Employers has a fifty-two week low of $39.31 and a fifty-two week high of $47.97.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 2.08%. Employers’s payout ratio is currently 21.41%.
In other Employers news, SVP Lawrence S. Rogers sold 607 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $41.23, for a total value of $25,026.61. Following the sale, the senior vice president now owns 9,558 shares in the company, valued at $394,076.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in EIG. Voloridge Investment Management LLC purchased a new stake in shares of Employers in the 2nd quarter valued at approximately $268,000. Nuveen Asset Management LLC acquired a new stake in Employers during the second quarter worth about $18,414,000. Citadel Advisors LLC grew its stake in Employers by 47.4% during the second quarter. Citadel Advisors LLC now owns 110,490 shares of the financial services provider’s stock worth $4,671,000 after buying an additional 35,524 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Employers by 6.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 95,532 shares of the financial services provider’s stock worth $4,038,000 after buying an additional 5,861 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Employers by 26.9% during the second quarter. Cubist Systematic Strategies LLC now owns 20,898 shares of the financial services provider’s stock worth $883,000 after buying an additional 4,435 shares in the last quarter. Institutional investors own 80.32% of the company’s stock.
Employers Company Profile
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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