Everest Group (NYSE:EG – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $14.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.52 by $0.33, FiscalAI reports. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.99 billion. Everest Group had a return on equity of 14.70% and a net margin of 11.76%.The company’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.10 earnings per share.
Everest Group Stock Performance
Everest Group stock traded down $19.12 during mid-day trading on Thursday, reaching $374.77. 217,654 shares of the company’s stock were exchanged, compared to its average volume of 377,420. The business’s fifty day simple moving average is $354.90 and its 200 day simple moving average is $341.56. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.23. Everest Group has a one year low of $302.44 and a one year high of $401.07. The firm has a market capitalization of $14.83 billion, a PE ratio of 7.61, a P/E/G ratio of 0.62 and a beta of 0.29.
Everest Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, June 12th. Everest Group’s dividend payout ratio (DPR) is 16.27%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on EG
Insider Transactions at Everest Group
In other news, CEO Jason Keen sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $351.84, for a total transaction of $272,676.00. Following the completion of the sale, the chief executive officer owned 8,170 shares in the company, valued at $2,874,532.80. This trade represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock worth $695,275,000 after acquiring an additional 830,418 shares in the last quarter. State Street Corp grew its position in shares of Everest Group by 0.4% in the fourth quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after purchasing an additional 7,806 shares in the last quarter. Vulcan Value Partners LLC raised its stake in shares of Everest Group by 6.5% during the 4th quarter. Vulcan Value Partners LLC now owns 1,509,740 shares of the company’s stock valued at $512,288,000 after purchasing an additional 92,274 shares during the period. Invesco Ltd. raised its stake in shares of Everest Group by 10.3% during the 4th quarter. Invesco Ltd. now owns 743,190 shares of the company’s stock valued at $252,202,000 after purchasing an additional 69,636 shares during the period. Finally, Boston Partners boosted its stake in Everest Group by 1.7% in the 4th quarter. Boston Partners now owns 741,524 shares of the company’s stock worth $251,621,000 after purchasing an additional 12,505 shares during the period. 92.64% of the stock is owned by institutional investors.
About Everest Group
Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.
With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.
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