Analysts Anticipate Employers Holdings, Inc. (NYSE:EIG) Will Announce Quarterly Sales of $165.93 Million

Wall Street analysts expect that Employers Holdings, Inc. (NYSE:EIGGet Rating) will announce sales of $165.93 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings, with the lowest sales estimate coming in at $162.95 million and the highest estimate coming in at $168.90 million. Employers reported sales of $163.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Employers will report full-year sales of $686.93 million for the current financial year, with estimates ranging from $676.76 million to $697.10 million. For the next year, analysts anticipate that the business will report sales of $734.01 million, with estimates ranging from $713.52 million to $754.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Employers.

Employers (NYSE:EIGGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.39. The business had revenue of $199.80 million during the quarter, compared to analysts’ expectations of $162.99 million. Employers had a net margin of 16.97% and a return on equity of 5.67%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS.

Several research firms recently weighed in on EIG. Boenning Scattergood lowered shares of Employers from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 6th. Zacks Investment Research lowered shares of Employers from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. StockNews.com began coverage on shares of Employers in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet raised shares of Employers from a “c+” rating to a “b-” rating in a research report on Wednesday, February 16th.

Shares of EIG traded up $0.17 during mid-day trading on Friday, reaching $41.82. The company had a trading volume of 631 shares, compared to its average volume of 126,992. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.97 and a beta of 0.07. The company’s fifty day simple moving average is $40.27. Employers has a fifty-two week low of $36.23 and a fifty-two week high of $43.82.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, February 28th. Employers’s dividend payout ratio (DPR) is presently 23.87%.

Several hedge funds and other institutional investors have recently modified their holdings of EIG. Carolina Wealth Advisors LLC boosted its stake in Employers by 4.6% in the first quarter. Carolina Wealth Advisors LLC now owns 77,357 shares of the financial services provider’s stock valued at $3,173,000 after buying an additional 3,374 shares in the last quarter. Norges Bank acquired a new stake in Employers in the fourth quarter valued at about $13,452,000. Barclays PLC boosted its stake in Employers by 31.9% in the fourth quarter. Barclays PLC now owns 36,528 shares of the financial services provider’s stock valued at $1,511,000 after buying an additional 8,839 shares in the last quarter. California State Teachers Retirement System boosted its stake in Employers by 1.1% in the fourth quarter. California State Teachers Retirement System now owns 39,104 shares of the financial services provider’s stock valued at $1,618,000 after buying an additional 428 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Employers by 5.5% in the fourth quarter. Parametric Portfolio Associates LLC now owns 94,820 shares of the financial services provider’s stock valued at $3,924,000 after buying an additional 4,927 shares in the last quarter. Institutional investors own 77.20% of the company’s stock.

About Employers (Get Rating)

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; and national, regional, and local trade groups and associations, as well as directly to customers.

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