Employers (NYSE:EIG) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33, Bloomberg Earnings reports. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $259.70 million. Employers had a return on equity of 10.51% and a net margin of 12.67%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share.
Employers stock traded up $0.05 during mid-day trading on Thursday, hitting $40.80. The company’s stock had a trading volume of 25,752 shares, compared to its average volume of 141,372. The firm has a market capitalization of $1,339.30, a price-to-earnings ratio of 14.10 and a beta of 1.00. Employers has a 1 year low of $38.35 and a 1 year high of $50.45.
A number of research firms have recently issued reports on EIG. Zacks Investment Research upgraded Employers from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Monday, January 22nd. ValuEngine upgraded Employers from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.
Employers Company Profile
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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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