Employers (EIG) to Release Quarterly Earnings on Wednesday

Employers (NYSE:EIG) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors that wish to register 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 analysts’ consensus estimates of $1.08 by $0.02. The business 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 was up .8% compared to the same quarter last year. During the same period last year, the business earned $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 Performance

NYSE:EIG opened at $48.03 on Wednesday. The firm has a market cap of $1.22 billion, a P/E ratio of 10.17 and a beta of 0.24. Employers has a fifty-two week low of $36.65 and a fifty-two week high of $50.00. The firm has a 50-day simple moving average of $47.68 and a two-hundred day simple moving average of $44.86.

Employers Dividend Announcement

The company also recently disclosed 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 was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. Employers’s dividend payout ratio is currently 25.42%.

Analysts Set New Price Targets

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

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.