Radian Group (RDN) Scheduled to Post Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Radian Group (NYSE:RDN) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.10. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts expect Radian Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Radian Group Stock Up 0.1 %

RDN opened at $30.35 on Monday. Radian Group has a twelve month low of $22.93 and a twelve month high of $33.69. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $30.51 and a 200 day moving average price of $28.41. The company has a market cap of $4.60 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02.

Radian Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, February 23rd. This is an increase from Radian Group’s previous quarterly dividend of $0.23. Radian Group’s dividend payout ratio is 25.93%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.