Employers (NYSE:EIG – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.02), Briefing.com reports. Employers had a net margin of 13.88% and a return on equity of 10.54%. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $217.46 million. During the same period in the previous year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis.
Employers Stock Down 2.5 %
NYSE:EIG traded down $1.09 on Friday, reaching $42.42. 92,232 shares of the company’s stock were exchanged, compared to its average volume of 134,439. The business has a fifty day moving average of $44.52 and a 200-day moving average of $41.24. Employers has a 52-week low of $35.43 and a 52-week high of $46.78. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.47 and a beta of 0.24.
Employers Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, February 27th. Employers’s dividend payout ratio (DPR) is 25.06%.
Analysts Set New Price Targets
Read Our Latest Report on Employers
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.
Featured Articles
- Five stocks we like better than Employers
- How to Calculate Options Profits
- 3 Stocks Leading the U.S. Agriculture Comeback
- The “How” and “Why” of Investing in 5G Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
- How to Evaluate a Stock Before Buying
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.