Employers (EIG) Set to Announce Quarterly Earnings on Thursday

Employers (NYSE:EIG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Employers (NYSE:EIG) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.40. Employers had a return on equity of 10.54% and a net margin of 13.88%. The business had revenue of $225.70 million for the quarter, compared to the consensus estimate of $215.38 million. During the same quarter in the previous year, the company posted $1.25 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Employers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Employers Price Performance

NYSE:EIG opened at $44.62 on Wednesday. Employers has a 1 year low of $35.43 and a 1 year high of $46.78. The stock’s 50 day simple moving average is $44.47 and its two-hundred day simple moving average is $41.20. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 9.98 and a beta of 0.24.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Tuesday, February 27th. Employers’s payout ratio is 25.06%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EIG. Truist Financial boosted their target price on Employers from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Janney Montgomery Scott downgraded Employers from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.