$0.55 Earnings Per Share Expected for Employers Holdings, Inc. (EIG) This Quarter

Wall Street brokerages expect Employers Holdings, Inc. (NYSE:EIG) to report $0.55 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.51. Employers posted earnings per share of $0.65 in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The firm is expected to report its next earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Employers will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.15. For the next year, analysts expect that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Employers.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $204.10 million for the quarter, compared to the consensus estimate of $203.79 million.

Several research firms have issued reports on EIG. Zacks Investment Research raised Employers from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday. ValuEngine downgraded Employers from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Boenning Scattergood began coverage on Employers in a report on Tuesday, June 19th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Employers currently has a consensus rating of “Hold” and a consensus target price of $46.67.

Employers traded down $0.25, hitting $45.40, during trading hours on Thursday, Marketbeat reports. 69,800 shares of the stock were exchanged, compared to its average volume of 130,762. Employers has a twelve month low of $38.35 and a twelve month high of $50.45. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 15.81 and a beta of 1.02.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, August 7th. Employers’s dividend payout ratio is 27.68%.

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

Hedge funds have recently bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Employers by 23.4% in the 4th quarter. Deutsche Bank AG now owns 271,745 shares of the financial services provider’s stock valued at $12,063,000 after purchasing an additional 51,507 shares during the period. Millennium Management LLC lifted its stake in shares of Employers by 401.2% in the 4th quarter. Millennium Management LLC now owns 205,708 shares of the financial services provider’s stock valued at $9,133,000 after purchasing an additional 164,665 shares during the period. Teachers Advisors LLC lifted its stake in shares of Employers by 5.7% in the 4th quarter. Teachers Advisors LLC now owns 257,072 shares of the financial services provider’s stock valued at $11,414,000 after purchasing an additional 13,776 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Employers by 30.0% in the 1st quarter. New York State Common Retirement Fund now owns 54,710 shares of the financial services provider’s stock valued at $2,213,000 after purchasing an additional 12,620 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Employers by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,594,373 shares of the financial services provider’s stock valued at $104,942,000 after purchasing an additional 89,190 shares during the period. 76.70% of the stock is currently owned by institutional investors.

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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