Employers (EIG) Set to Announce Quarterly Earnings on Thursday

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

Employers (NYSE:EIG) last issued its quarterly earnings results 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. The firm had revenue of $225.70 million for the quarter, compared to analyst estimates of $215.38 million. Employers had a return on equity of 10.54% and a net margin of 13.88%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, analysts expect Employers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Employers Stock Performance

NYSE EIG opened at $44.62 on Wednesday. The stock’s fifty day moving average is $44.47 and its two-hundred day moving average is $41.20. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.98 and a beta of 0.24. Employers has a fifty-two week low of $35.43 and a fifty-two week high of $46.78.

Employers Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EIG shares. Truist Financial lifted 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.

About Employers

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.