Everest Group, Ltd. (NYSE:EG) to Issue $2.00 Quarterly Dividend

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be given a dividend of 2.00 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th.

Everest Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Everest Group has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Everest Group to earn $62.48 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 12.8%.

Everest Group Price Performance

Shares of Everest Group stock traded down $3.52 during trading on Friday, hitting $334.31. The stock had a trading volume of 49,482 shares, compared to its average volume of 372,271. Everest Group has a 12 month low of $302.44 and a 12 month high of $370.20. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.23. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.24 and a beta of 0.36. The business’s 50-day moving average is $332.30 and its 200 day moving average is $333.07.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($18.39) earnings per share. As a group, sell-side analysts anticipate that Everest Group will post 47.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on EG shares. Evercore set a $365.00 price target on shares of Everest Group in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $400.00 to $430.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Zacks Research upgraded shares of Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Finally, Barclays boosted their target price on Everest Group from $365.00 to $377.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $363.21.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.