Employers (EIG) to Release Quarterly Earnings on Wednesday

Employers (NYSE:EIG) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The company had revenue of $217.00 million during the quarter, compared to analyst estimates of $223.82 million. Employers had a net margin of 13.76% and a return on equity of 9.95%. Employers’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. On average, analysts expect Employers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Employers Stock Down 2.1 %

NYSE:EIG opened at $47.52 on Monday. The company has a fifty day moving average of $47.80 and a 200-day moving average of $44.96. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.07 and a beta of 0.24. Employers has a twelve month low of $36.65 and a twelve month high of $50.00.

Employers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.53%. Employers’s dividend payout ratio (DPR) is presently 25.42%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities upgraded shares of Employers to a “hold” rating in a research note on Thursday, August 1st.

Employers Company Profile

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.