Everest Group (EG) Expected to Announce Earnings on Wednesday

Everest Group (NYSE:EG - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $7.35 per share and revenue of $3.89 billion for the quarter.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. On average, analysts expect Everest Group to post $48 EPS for the current fiscal year and $62 EPS for the next fiscal year.

Everest Group Price Performance

Shares of NYSE EG traded down $1.87 during midday trading on Friday, reaching $353.32. 256,098 shares of the stock traded hands, compared to its average volume of 371,087. The company's 50 day moving average is $352.06 and its 200 day moving average is $360.98. Everest Group has a one year low of $320.00 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $16.88 billion, a PE ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.43.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.26%. Everest Group's dividend payout ratio (DPR) is currently 25.47%.

Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays cut their target price on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Finally, UBS Group decreased their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Everest Group currently has an average rating of "Hold" and a consensus target price of $396.00.

About Everest Group

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.