Employers Holdings, Inc. (NYSE:EIG) Expected to Announce Quarterly Sales of $172.01 Million

Brokerages expect Employers Holdings, Inc. (NYSE:EIG – Get Rating) to post sales of $172.01 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Employers’ earnings, with the lowest sales estimate coming in at $171.72 million and the highest estimate coming in at $172.30 million. Employers posted sales of $171.40 million in the same quarter last year, which suggests a positive year over year growth rate of 0.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Employers will report full year sales of $685.49 million for the current financial year, with estimates ranging from $673.88 million to $697.10 million. For the next financial year, analysts anticipate that the firm will post sales of $738.80 million, with estimates ranging from $723.09 million to $754.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Employers.

Employers (NYSE:EIG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.21). Employers had a return on equity of 5.30% and a net margin of 13.58%. During the same quarter in the previous year, the company posted $0.51 earnings per share.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Employers from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Boenning Scattergood cut shares of Employers from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 6th. TheStreet cut shares of Employers from a “b+” rating to a “c+” rating in a report on Wednesday, April 27th. Finally, StockNews.com assumed coverage on shares of Employers in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Employers during the 4th quarter worth $13,452,000. Wolf Group Capital Advisors raised its position in shares of Employers by 205.3% during the 4th quarter. Wolf Group Capital Advisors now owns 141,417 shares of the financial services provider’s stock valued at $5,852,000 after acquiring an additional 95,091 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Employers by 263.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 118,853 shares of the financial services provider’s stock worth $4,918,000 after buying an additional 86,150 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Employers in the fourth quarter worth $3,166,000. Finally, First Trust Advisors LP increased its holdings in shares of Employers by 180.0% during the first quarter. First Trust Advisors LP now owns 99,978 shares of the financial services provider’s stock valued at $4,010,000 after purchasing an additional 64,271 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

EIG stock traded up $0.30 during midday trading on Friday, reaching $39.99. 147,508 shares of the company were exchanged, compared to its average volume of 128,972. Employers has a 1-year low of $36.23 and a 1-year high of $43.82. The stock’s 50-day simple moving average is $40.78 and its 200 day simple moving average is $40.24. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 12.04 and a beta of 0.10.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Employers’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, May 10th. Employers’s payout ratio is presently 31.42%.

About Employers (Get Rating)

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; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.

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