Wall Street brokerages expect Employers Holdings, Inc. (NYSE:EIG) to post $205.33 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Employers’ earnings, with the highest sales estimate coming in at $207.00 million and the lowest estimate coming in at $203.66 million. Employers reported sales of $228.90 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The company is scheduled to report its next earnings report on Wednesday, October 23rd.
According to Zacks, analysts expect that Employers will report full-year sales of $823.81 million for the current financial year, with estimates ranging from $818.30 million to $829.32 million. For the next fiscal year, analysts expect that the business will post sales of $821.54 million, with estimates ranging from $801.57 million to $841.50 million. Zacks’ sales averages are an average based on a survey of research firms that follow Employers.
Employers (NYSE:EIG) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.41. Employers had a return on equity of 12.98% and a net margin of 19.82%. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $206.19 million. During the same period last year, the firm posted $0.94 EPS.
Shares of EIG stock traded down $0.05 on Wednesday, hitting $43.42. 114,600 shares of the stock were exchanged, compared to its average volume of 145,717. The firm has a market capitalization of $1.35 billion, a PE ratio of 10.56 and a beta of 0.72. Employers has a one year low of $39.31 and a one year high of $47.97. The firm’s 50 day moving average is $43.34 and its two-hundred day moving average is $42.52.
Hedge funds have recently bought and sold shares of the company. Anderson Fisher LLC bought a new position in shares of Employers during the 2nd quarter worth $80,000. 6 Meridian bought a new position in shares of Employers during the 2nd quarter worth $204,000. Capital Fund Management S.A. bought a new position in shares of Employers during the 2nd quarter worth $262,000. Voloridge Investment Management LLC bought a new position in shares of Employers during the 2nd quarter worth $268,000. Finally, Royal Bank of Canada grew its stake in shares of Employers by 11.8% during the 2nd quarter. Royal Bank of Canada now owns 6,467 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 682 shares during the period. Institutional investors own 80.17% of the company’s stock.
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; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.
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