EMC Insurance Group (EMCI) Updates FY 2018 Earnings Guidance

EMC Insurance Group (NASDAQ:EMCI) updated its FY 2018 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.30-1.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27.

Several research analysts have recently commented on the company. BidaskClub downgraded EMC Insurance Group from a strong-buy rating to a buy rating in a research note on Friday, July 13th. Sandler O’Neill reissued a buy rating and set a $33.00 target price on shares of EMC Insurance Group in a research note on Friday, July 13th. Finally, TheStreet downgraded EMC Insurance Group from a b- rating to a c+ rating in a research note on Monday, August 13th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $30.50.

EMCI traded down $0.11 on Thursday, hitting $25.19. 5,300 shares of the company’s stock traded hands, compared to its average volume of 15,573. The company has a market capitalization of $523.58 million, a PE ratio of 20.65 and a beta of 0.64. EMC Insurance Group has a one year low of $22.98 and a one year high of $32.19. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.05.

EMC Insurance Group (NASDAQ:EMCI) last issued its earnings results on Wednesday, November 7th. The insurance provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $177.99 million for the quarter. EMC Insurance Group had a return on equity of 3.30% and a net margin of 3.23%. Equities research analysts predict that EMC Insurance Group will post 1.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 22nd. Investors of record on Thursday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from EMC Insurance Group’s previous quarterly dividend of $0.22. EMC Insurance Group’s dividend payout ratio (DPR) is 72.13%.

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EMC Insurance Group Company Profile

EMC Insurance Group Inc, an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. It operates through two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment underwrites commercial and personal lines of insurance products.

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