Analysts expect Employers Holdings, Inc. (NYSE:EIG) to post $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Employers’ earnings, with estimates ranging from $0.51 to $0.59. Employers posted earnings of $0.65 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The firm is expected to announce its next earnings results on Wednesday, October 24th.
On average, analysts expect that Employers will report full year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.15. For the next fiscal year, analysts forecast that the firm will report earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Employers.
Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.38. The company had revenue of $204.10 million for the quarter, compared to analyst estimates of $203.79 million. Employers had a return on equity of 12.51% and a net margin of 15.10%.
NYSE EIG traded up $0.20 on Friday, reaching $43.80. 61,312 shares of the company were exchanged, compared to its average volume of 114,397. The firm has a market capitalization of $1.43 billion, a P/E ratio of 15.16 and a beta of 1.03. Employers has a fifty-two week low of $38.35 and a fifty-two week high of $50.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, August 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. Employers’s payout ratio is currently 27.68%.
In other Employers news, SVP Lawrence S. Rogers sold 880 shares of the stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $39.90, for a total transaction of $35,112.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John P. Nelson sold 7,698 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $44.78, for a total value of $344,716.44. Following the sale, the executive vice president now directly owns 20,434 shares of the company’s stock, valued at $915,034.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,578 shares of company stock worth $743,038. Company insiders own 3.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in Employers during the fourth quarter worth $657,000. Aviance Capital Partners LLC boosted its position in shares of Employers by 4.5% during the first quarter. Aviance Capital Partners LLC now owns 47,746 shares of the financial services provider’s stock worth $1,931,000 after buying an additional 2,035 shares during the period. Victory Capital Management Inc. boosted its position in shares of Employers by 34.1% during the first quarter. Victory Capital Management Inc. now owns 8,890 shares of the financial services provider’s stock worth $360,000 after buying an additional 2,261 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Employers by 69.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 393,253 shares of the financial services provider’s stock worth $15,908,000 after buying an additional 160,546 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Employers by 6.8% during the first quarter. BlackRock Inc. now owns 4,429,570 shares of the financial services provider’s stock worth $179,174,000 after buying an additional 282,190 shares during the period. 76.78% of the stock is owned by institutional investors.
Employers Company Profile
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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
Further Reading: Price to Earnings Ratio (PE) Basics
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