Employers Holdings, Inc. (EIG) Expected to Post Earnings of $0.55 Per Share

Analysts expect Employers Holdings, Inc. (NYSE:EIG) to post $0.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Employers’ earnings, with estimates ranging from $0.51 to $0.59. Employers posted earnings of $0.65 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 15.4%. The firm is expected to announce its next earnings results on Wednesday, October 24th.

On average, analysts expect that Employers will report full year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.15. For the next fiscal year, analysts forecast that the firm will report earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Employers.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.56 by $0.38. Employers had a return on equity of 12.51% and a net margin of 15.10%. The company had revenue of $204.10 million for the quarter, compared to analyst estimates of $203.79 million.

A number of analysts have recently issued reports on EIG shares. Zacks Investment Research raised Employers from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. Boenning Scattergood started coverage on Employers in a research report on Tuesday, June 19th. They set a “neutral” rating on the stock. Finally, ValuEngine lowered Employers from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.67.

Employers traded up $0.20, hitting $43.80, during mid-day trading on Friday, Marketbeat.com reports. The company had a trading volume of 61,312 shares, compared to its average volume of 114,397. Employers has a 1 year low of $38.35 and a 1 year high of $50.45. The firm has a market capitalization of $1.43 billion, a PE ratio of 15.16 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, August 7th. Employers’s payout ratio is 27.68%.

In other news, SVP Lawrence S. Rogers sold 880 shares of Employers stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $39.90, for a total transaction of $35,112.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lenard T. Ormsby sold 3,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $40.03, for a total value of $120,090.00. Following the completion of the sale, the executive vice president now directly owns 22,681 shares of the company’s stock, valued at $907,920.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,578 shares of company stock worth $743,038. Corporate insiders own 3.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EIG. FMR LLC boosted its position in shares of Employers by 8.3% during the second quarter. FMR LLC now owns 1,677,780 shares of the financial services provider’s stock worth $67,447,000 after buying an additional 128,710 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Employers by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,684,431 shares of the financial services provider’s stock worth $107,915,000 after buying an additional 90,058 shares during the period. Legal & General Group Plc boosted its position in shares of Employers by 6.0% during the second quarter. Legal & General Group Plc now owns 70,781 shares of the financial services provider’s stock worth $2,855,000 after buying an additional 4,000 shares during the period. BlackRock Inc. boosted its position in shares of Employers by 7.9% during the second quarter. BlackRock Inc. now owns 4,780,400 shares of the financial services provider’s stock worth $192,172,000 after buying an additional 350,830 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Employers by 10.5% during the second quarter. Martingale Asset Management L P now owns 92,758 shares of the financial services provider’s stock worth $3,729,000 after buying an additional 8,800 shares during the period. 76.78% of the stock is owned by hedge funds and other institutional investors.

About Employers

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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