Wall Street analysts expect that Employers Holdings, Inc. (NYSE:EIG) will report earnings per share (EPS) of $0.55 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Employers’ earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.59. Employers reported 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 company is scheduled to announce 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 financial year, analysts expect that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Employers.

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

A number of equities analysts have commented on the company. 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 research note on Monday, July 30th. Boenning Scattergood assumed coverage on Employers in a research note on Tuesday, June 19th. They issued a “neutral” rating on the stock.

Employers stock opened at $46.20 on Friday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.41 and a beta of 1.04. Employers has a 52 week low of $38.35 and a 52 week high of $50.45.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, August 7th. Employers’s dividend payout ratio is currently 27.68%.

In other Employers news, COO Stephen V. Festa sold 2,268 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $47.00, for a total value of $106,596.00. Following the transaction, the chief operating officer now owns 18,634 shares of the company’s stock, valued at $875,798. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John P. Nelson sold 7,698 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $44.78, for a total value of $344,716.44. Following the completion of the transaction, the executive vice president now directly owns 20,434 shares in the company, valued at approximately $915,034.52. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Employers by 15.9% during the second quarter. Victory Capital Management Inc. now owns 10,302 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 1,412 shares during the last quarter. Rhumbline Advisers raised its position in shares of Employers by 1.6% during the second quarter. Rhumbline Advisers now owns 91,007 shares of the financial services provider’s stock worth $3,658,000 after acquiring an additional 1,449 shares during the last quarter. Stevens Capital Management LP raised its position in shares of Employers by 27.7% during the second quarter. Stevens Capital Management LP now owns 7,700 shares of the financial services provider’s stock worth $310,000 after acquiring an additional 1,668 shares during the last quarter. BlueMountain Capital Management LLC raised its position in shares of Employers by 8.3% during the second quarter. BlueMountain Capital Management LLC now owns 23,248 shares of the financial services provider’s stock worth $935,000 after acquiring an additional 1,779 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Employers by 2.9% during the first quarter. Legal & General Group Plc now owns 66,781 shares of the financial services provider’s stock worth $2,697,000 after acquiring an additional 1,907 shares during the last quarter. 78.59% 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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Earnings History and Estimates for Employers (NYSE:EIG)

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