Brokers count on Radian Group Inc. (NYSE: RDN) to report earnings of $ 0.67 per share for the present quarter, in keeping with Zacks. No analyst has launched estimates for Radian Group earnings, with estimates starting from $ 0.66 to $ 0.67. Radian Group posted earnings per share of $ 0.80 in the identical quarter of final 12 months, which might recommend a unfavorable development fee of 16.3% 12 months over 12 months. The corporate is predicted to announce its subsequent quarterly earnings report on Wednesday, Might 5.
On common, analysts count on Radian Group to report annual earnings of $ 2.71 per share for the present 12 months, with EPS estimates starting from $ 2.60 to $ 2.85. For subsequent 12 months, analysts count on the corporate to report earnings of $ 3.02 per share, with EPS estimates starting from $ 2.91 to $ 3.15. Zacks’ EPS calculations are a mean primarily based on a survey of analysts who cowl Radian Group.
Radian Group (NYSE: RDN) final launched its quarterly outcomes on Wednesday, February 24. The insurance coverage supplier reported EPS of $ 0.69 for the quarter, beating the Zacks’ consensus estimate of $ 0.65 by $ 0.04. The corporate reported gross sales of $ 341.05 million for the quarter. Radian Group had a web margin of 27.92% and a return on fairness of 9.49%.
A number of brokerage companies have not too long ago revealed experiences on RDN. BTIG Analysis lowered its worth goal on Radian Group from $ 28.00 to $ 26.00 and set a “purchase” score on the inventory in a analysis be aware on Thursday, December 17. Zacks funding analysis raised Radian Group from a “promote” score to a “keep” score and set a worth goal of $ 23.00 on the inventory in a analysis report on Wednesday, March 10. Two fairness analysis analysts rated the inventory with a sustaining score and 6 gave the inventory a purchase score. The corporate at the moment has a consensus score of “Purchase” and a mean goal worth of $ 23.67.
Hedge funds not too long ago modified their holdings of equities. First Command Financial institution bought a brand new stake in Radian Group shares throughout the fourth quarter valued at roughly $ 30,000. CI Investments Inc. elevated its place in Radian Group by 5,746.7% throughout the fourth quarter. CI Investments Inc. now owns 1,754 shares of the insurance coverage firm valued at $ 36,000 after buying a further 1,724 shares within the final quarter. The Ohio State Worker Retirement System elevated its stake in Radian Group by 14.3% within the third quarter. The Ohio Public Sector Worker Retirement System now owns 8,563 shares of the insurance coverage firm valued at $ 125,000 after buying a further 1,069 shares within the final quarter. O Shaughnessy Asset Administration LLC elevated its stake in Radian Group by 39.7% within the third quarter. O Shaughnessy Asset Administration LLC now owns 9,531 shares of the insurance coverage firm valued at $ 139,000 after buying a further 2,707 shares within the final quarter. Lastly, the Toronto Dominion Financial institution acquired a brand new place in Radian Group within the fourth quarter for a worth of $ 185,000. 95.22% of the inventory is at the moment held by institutional buyers.
Actions of NYSE: RDN open for $ 23.25 Thursday. The corporate’s 50-day easy shifting common is $ 21.65 and its 200-day easy shifting common is $ 19.48. The corporate has a debt to fairness ratio of 0.37, a fast ratio of 1.04, and a present ratio of 1.04. Radian Group has a one-year minimal of $ 9.53 and a one-year most of $ 24.04. The corporate has a market cap of $ 4.46 billion, a PE ratio of 11.40, a worth / earnings-growth ratio of 1.61, and a beta of 1.58.
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Thursday, March 4. Shareholders of report on Monday February 22 obtained a dividend of $ 0.125. This represents an annualized dividend of $ 0.50 and a dividend yield of two.15%. The ex-dividend date was Friday February 19. Radian Group’s payout ratio is 15.58%.
Radian Group Firm Profile
Radian Group Inc, together with its subsidiaries, is engaged in mortgage and actual property providers enterprise in america. The corporate operates in two segments, mortgage insurance coverage and providers. The mortgage insurance coverage trade gives credit score insurance coverage protection, primarily by non-public mortgage insurance coverage on senior residential mortgages, in addition to different credit score threat administration options to lending establishments. mortgage and mortgage buyers.
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