Radian Group (RDN) Set to Announce Earnings on Wednesday

Radian Group (NYSE:RDN) is scheduled to announce its 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Radian Group (NYSE:RDN) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The business had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. During the same quarter last year, the firm earned $1.05 EPS. The business’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 Stock Performance

Shares of Radian Group stock opened at $30.60 on Wednesday. The business’s fifty day simple moving average is $30.32 and its 200-day simple moving average is $28.30. 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 firm has a market cap of $4.64 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.02. Radian Group has a 52 week low of $22.93 and a 52 week high of $33.69.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were issued a $0.245 dividend. This is a positive change from Radian Group’s previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Friday, February 23rd. Radian Group’s dividend payout ratio is currently 25.93%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 target price (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 assigned a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.00.

Radian Group Company Profile

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.