Equities analysts expect Employers Holdings, Inc. (NYSE:EIG – Get Rating) to post $172.01 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Employers’ earnings, with the lowest sales estimate coming in at $171.72 million and the highest estimate coming in at $172.30 million. Employers reported sales of $171.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.4%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Employers will report full year sales of $685.49 million for the current financial year, with estimates ranging from $673.88 million to $697.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $738.80 million, with estimates ranging from $723.09 million to $754.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that provide coverage for Employers.
Employers (NYSE:EIG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.21). Employers had a return on equity of 5.30% and a net margin of 13.58%. During the same quarter in the previous year, the company posted $0.51 EPS.
A number of analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Employers in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded shares of Employers from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. TheStreet downgraded shares of Employers from a “b+” rating to a “c+” rating in a report on Wednesday, April 27th. Finally, Boenning Scattergood downgraded shares of Employers from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 6th.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Employers in the 3rd quarter valued at approximately $136,000. Royal Bank of Canada lifted its stake in Employers by 15.0% in the 2nd quarter. Royal Bank of Canada now owns 3,450 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 450 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Employers in the 4th quarter valued at approximately $226,000. Susquehanna International Group LLP acquired a new position in Employers in the 4th quarter valued at approximately $232,000. Finally, Brandywine Global Investment Management LLC acquired a new position in Employers in the 3rd quarter valued at approximately $234,000. 78.07% of the stock is owned by institutional investors and hedge funds.
Shares of Employers stock opened at $39.61 on Friday. The company has a 50-day moving average of $40.79 and a 200-day moving average of $40.27. Employers have a 1-year low of $36.23 and a 1-year high of $43.82. The company has a market cap of $1.10 billion, a PE ratio of 11.97 and a beta of 0.10.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Wednesday, May 11th will be paid a $0.26 dividend. This is an increase from Employers’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, May 10th. This represents a $1.04 annualized dividend and a yield of 2.63%. Employers’s dividend payout ratio is presently 30.21%.
Employers Company Profile (GetRating)
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; and national, regional, and local trade groups and associations, as well as directly to customers.
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