Brokerages expect that Employers Holdings, Inc. (NYSE:EIG) will report $164.18 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Employers’ earnings, with the highest sales estimate coming in at $174.50 million and the lowest estimate coming in at $153.86 million. Employers posted sales of $204.30 million during the same quarter last year, which suggests a negative year-over-year growth rate of 19.6%. The firm is expected to report its next quarterly earnings report on Wednesday, July 22nd.
According to Zacks, analysts expect that Employers will report full-year sales of $596.91 million for the current year, with estimates ranging from $565.92 million to $627.90 million. For the next financial year, analysts forecast that the company will report sales of $623.78 million, with estimates ranging from $589.65 million to $657.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Employers.
Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.18). The company had revenue of $188.10 million during the quarter, compared to analysts’ expectations of $184.79 million. Employers had a net margin of 8.99% and a return on equity of 7.47%. During the same period last year, the firm earned $0.94 earnings per share.
Shares of EIG traded down $0.09 during mid-day trading on Monday, hitting $29.91. The company’s stock had a trading volume of 189,404 shares, compared to its average volume of 306,893. The company’s 50-day moving average is $31.27 and its 200-day moving average is $39.03. Employers has a 52-week low of $25.53 and a 52-week high of $45.23. The firm has a market capitalization of $906.35 million, a price-to-earnings ratio of 14.22 and a beta of 0.14.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Wednesday, May 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.34%. Employers’s payout ratio is 31.25%.
In other Employers news, CEO Douglas D. Dirks sold 36,200 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $42.47, for a total transaction of $1,537,414.00. Following the transaction, the chief executive officer now owns 489,569 shares in the company, valued at approximately $20,791,995.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lawrence S. Rogers sold 1,360 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.38, for a total transaction of $39,956.80. Following the transaction, the senior vice president now owns 11,598 shares in the company, valued at approximately $340,749.24. The disclosure for this sale can be found here. Insiders have purchased 30,310 shares of company stock valued at $890,371 in the last three months. 2.90% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. acquired a new position in Employers during the 1st quarter valued at approximately $29,000. Emerald Advisers LLC acquired a new position in Employers during the 4th quarter valued at approximately $36,000. Emerald Mutual Fund Advisers Trust acquired a new position in Employers during the 4th quarter valued at approximately $46,000. AJO LP acquired a new stake in shares of Employers in the first quarter worth $59,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Employers by 23.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,752 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.
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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