Brokerages expect that Employers Holdings, Inc. (NYSE:EIG) will announce sales of $197.02 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Employers’ earnings. The lowest sales estimate is $195.80 million and the highest is $198.23 million. Employers posted sales of $205.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.3%. The company is expected to announce its next quarterly earnings report on Wednesday, February 19th.
According to Zacks, analysts expect that Employers will report full-year sales of $789.32 million for the current financial year, with estimates ranging from $788.10 million to $790.53 million. For the next year, analysts expect that the firm will report sales of $765.25 million, with estimates ranging from $745.10 million to $785.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Employers.
Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.28. Employers had a return on equity of 12.09% and a net margin of 18.73%. The company had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $203.58 million. During the same quarter in the prior year, the business posted $0.98 EPS.
A number of research firms recently weighed in on EIG. Boenning Scattergood restated a “buy” rating and issued a $50.00 price target on shares of Employers in a research note on Thursday, July 25th. Zacks Investment Research upgraded Employers from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, October 21st.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Employers in the 3rd quarter valued at $62,000. SG Americas Securities LLC grew its holdings in Employers by 13.3% in the 3rd quarter. SG Americas Securities LLC now owns 7,302 shares of the financial services provider’s stock valued at $318,000 after buying an additional 860 shares in the last quarter. First Trust Advisors LP grew its holdings in Employers by 3.3% in the 3rd quarter. First Trust Advisors LP now owns 134,673 shares of the financial services provider’s stock valued at $5,869,000 after buying an additional 4,329 shares in the last quarter. California Public Employees Retirement System grew its holdings in Employers by 66.8% in the 3rd quarter. California Public Employees Retirement System now owns 82,435 shares of the financial services provider’s stock valued at $3,593,000 after buying an additional 33,005 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Employers by 3.7% in the 3rd quarter. Rhumbline Advisers now owns 122,751 shares of the financial services provider’s stock valued at $5,349,000 after buying an additional 4,426 shares in the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.
EIG traded up $0.16 during trading hours on Friday, reaching $42.50. The company’s stock had a trading volume of 91,540 shares, compared to its average volume of 111,555. Employers has a 52 week low of $39.31 and a 52 week high of $47.45. The company’s 50-day moving average is $42.60 and its 200-day moving average is $42.82. The firm has a market cap of $1.35 billion, a PE ratio of 10.51 and a beta of 0.70.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, November 5th. Employers’s dividend payout ratio (DPR) is presently 21.41%.
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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