Everest Group (EG) Set to Announce Quarterly Earnings on Wednesday

Everest Group (NYSE:EG) will post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Everest Group to post earnings of $10.22 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $15.21 EPS. On average, analysts expect Everest Group to post $61 EPS for the current fiscal year and $67 EPS for the next fiscal year.

Everest Group Trading Down 0.3 %

Shares of EG stock opened at $385.35 on Wednesday. The stock’s fifty day moving average price is $386.62 and its two-hundred day moving average price is $380.41. The company has a market cap of $16.59 billion, a PE ratio of 5.69, a P/E/G ratio of 2.70 and a beta of 0.61. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group’s dividend payout ratio is presently 11.81%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised Everest Group to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley dropped their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company increased their price target on Everest Group from $393.00 to $406.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price target on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods dropped their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $439.27.

Everest Group Company Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.