Everest Group (EG) to Release Earnings on Monday

Everest Group (NYSE:EG) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $16.89 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, topping analysts’ consensus estimates of $14.63 by $10.55. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the firm earned $12.21 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, analysts expect Everest Group to post $61 EPS for the current fiscal year and $68 EPS for the next fiscal year.

Everest Group Trading Down 0.3 %

Shares of EG stock opened at $364.70 on Friday. Everest Group has a 12-month low of $331.08 and a 12-month high of $417.92. The company has a market capitalization of $19.42 billion, a P/E ratio of 6.11, a P/E/G ratio of 3.23 and a beta of 0.56. The firm has a 50-day moving average price of $375.85 and a 200 day moving average price of $379.54. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group’s payout ratio is presently 11.72%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EG. Wells Fargo & Company lowered their price objective on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley lowered their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. TD Cowen assumed coverage on shares of Everest Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price target for the company. Finally, Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $432.11.

Insider Activity

In related news, CEO Mike Karmilowicz purchased 285 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Everest Group news, CEO Mike Karmilowicz bought 285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares in the company, valued at $3,730,400.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger M. Singer purchased 500 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $357.21 per share, with a total value of $178,605.00. Following the acquisition, the director now owns 16,920 shares in the company, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. Insiders have purchased 2,485 shares of company stock valued at $874,786 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

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.