Radian Group Inc. (NYSE: RDN) is expected to post earnings of $ 0.76 per share
Analysts expect Radian Group Inc. (NYSE: RDN) to report earnings of $ 0.76 per share for the current fiscal quarter, according to Zacks. Analysts of Zero have provided profit estimates for Radian Group. Radian Group posted earnings of $ 0.69 per share in the same quarter last year, indicating a positive growth rate of 10.1% year-over-year. The company is expected to announce its next earnings report on Wednesday, February 23.
On average, analysts expect Radian Group to report annual earnings of $ 2.83 per share for the current fiscal year, with EPS estimates ranging from $ 2.80 to $ 2.86. For next year, analysts expect the company to post earnings of $ 3.23 per share, with EPS estimates ranging from $ 3.00 to $ 3.45. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that track Radian Group.
The Radian Group (NYSE: RDN) last released its quarterly results on Tuesday, November 2. The insurance provider reported earnings of $ 0.67 per share (EPS) for the quarter, missing Zacks’ consensus estimate of $ 0.71 ($ 0.04). The company posted revenue of $ 285.89 million for the quarter, compared to a consensus estimate of $ 328.60 million. Radian Group had a return on equity of 12.62% and a net margin of 40.78%. During the same period of the previous year, the company reported earnings per share of $ 0.59.
A number of equity analysts have recently weighed on the company. Zacks Investment Research downgraded Radian Group from a “buy” rating to a “hold” rating and set a price target of $ 23.00 for the company. in a report on Monday, November 15. B. Riley raised his price target on Radian Group from $ 30.00 to $ 31.00 and gave the company a “buy” rating in a research report published on Wednesday, October 13. BTIG Research reaffirmed a “buy” note and issued a price target of $ 29.00 on Radian Group shares in a research report on Friday, October 8. Credit Suisse Group increased its price target on Radian Group from $ 22.50 to $ 25.00 and gave the stock a “neutral” rating in a research report on Monday, October 11. Finally, Bank of America downgraded the Radian Group from a “buy” rating to an “underperformance” rating and reduced its price target for the share from $ 25.00 to $ 22.50 in a research note from Wednesday, November 17. One equity research analyst rated the stock with a sell rating, two assigned a conservation rating, and two assigned a buy rating to the company. Based on data from MarketBeat, Radian Group currently has a consensus rating of “Hold” and a consensus price target of $ 26.10.
In addition, Executive Vice President Brien Mcmahon sold 50,920 shares of the company in a transaction dated Wednesday, November 24. The shares were sold at an average price of $ 21.64, for a total trade of $ 1,101,908.80. The sale was disclosed in a file with the Securities & Exchange Commission, which is available at this link. In addition, Executive Vice President Edward J. Hoffman sold 3,333 shares of the company in a transaction dated Friday, October 1. The shares were sold at an average price of $ 22.81, for a total trade of $ 76,025.73. Disclosure of this sale can be found here. 1.36% of the shares are currently owned by insiders.
A number of hedge funds have recently increased or reduced their stakes in the company. Convergence Investment Partners LLC increased its stake in Radian Group by 5.8% in the 3rd quarter. Convergence Investment Partners LLC now owns 8,524 shares of the insurance provider valued at $ 194,000 after purchasing an additional 465 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Radian Group by 13.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,805 shares of the insurance provider valued at $ 155,000 after purchasing an additional 806 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Radian Group by 7.8% in the 2nd quarter. The Ohio Public Employee Retirement System now owns 11,199 shares of the insurance provider valued at $ 249,000 after acquiring 812 more shares in the last quarter. WINTON GROUP Ltd strengthened its position in Radian Group by 2.7% in the 2nd quarter. WINTON GROUP Ltd now owns 37,074 shares of the insurance provider valued at $ 825,000 after acquiring an additional 982 shares during the last quarter. Finally, Van ECK Associates Corp strengthened its position in Radian Group by 119.5% in the second quarter. Van ECK Associates Corp now owns 2,224 shares of the insurance provider valued at $ 49,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors hold 96.66% of the shares of the company.
RDN stock traded up $ 0.20 on Friday, reaching $ 20.51. 1,166,245 shares of the company were traded, for an average volume of 1,389,483. The Radian Group has a 12-month low of $ 19.10 and a 12-month high of $ 25.31. The company has a 50-day moving average price of $ 21.89 and a two-hundred-day moving average price of $ 22.48. The company has a debt to equity ratio of 0.37, a quick ratio of 1.06, and a current ratio of 1.06. The stock has a market cap of $ 3.68 billion, a P / E ratio of 7.15, a price / earnings-growth ratio of 1.42, and a beta of 1.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 3. Shareholders of record on Monday, November 22 received a dividend of $ 0.14 per share. The ex-dividend date of this dividend was Friday, November 19. This represents an annualized dividend of $ 0.56 and a dividend yield of 2.73%. Radian Group’s dividend payout ratio is currently 19.51%.
About the Radian Group
Radian Group, Inc is a holding company that provides mortgage insurance, risk management products and real estate services to financial institutions. It operates in the mortgage lending and real estate sectors. The Mortgages segment provides credit-related insurance coverage, as well as other credit risk management solutions to mortgage lenders and mortgage investors.
Featured Article: Forex
Get a Free Copy of Zacks’ Research Report on Radian Group (RDN)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Radian Group now?
Before you consider Radian Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the top five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Radian Group was not on the list.
While Radian Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here