Everest Group (EG) to Release Quarterly Earnings on Wednesday

Everest Group (NYSE:EG) will be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Everest Group to post earnings of $10.22 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business posted $15.21 earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts expect Everest Group to post $61 EPS for the current fiscal year and $67 EPS for the next fiscal year.

Everest Group Price Performance

Shares of NYSE:EG opened at $379.61 on Monday. The company has a market cap of $16.50 billion, a PE ratio of 5.64, a P/E/G ratio of 2.71 and a beta of 0.61. Everest Group has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The firm has a 50-day simple moving average of $387.31 and a 200 day simple moving average of $380.60. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group’s dividend payout ratio (DPR) is presently 11.89%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EG. TD Cowen cut their price target on Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $403.00 target price on shares of Everest Group in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on shares of Everest Group from $393.00 to $406.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $439.27.

Everest Group Company Profile

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.