Everest Group (EG) to Release Quarterly Earnings on Wednesday

Everest Group (NYSE:EG - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Everest Group to post earnings of $10.22 per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Everest Group (NYSE:EG - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing the consensus estimate of $16.97 by ($0.12). The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the business earned $15.21 earnings per share. On average, analysts expect Everest Group to post $61 EPS for the current fiscal year and $67 EPS for the next fiscal year.

Everest Group Stock Performance

Everest Group stock traded up $0.31 on Wednesday, hitting $385.66. The company's stock had a trading volume of 217,725 shares, compared to its average volume of 342,769. The company has a fifty day moving average price of $386.94 and a 200-day moving average price of $380.44. The firm has a market cap of $16.61 billion, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.61. Everest Group has a one year low of $343.76 and a one year high of $417.92. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.07%. The ex-dividend date was Monday, September 16th. Everest Group's dividend payout ratio (DPR) is presently 11.81%.

Analysts Set New Price Targets

EG has been the topic of a number of recent research reports. Morgan Stanley decreased their price objective on Everest Group from $450.00 to $445.00 and set an "overweight" rating on the stock in a report on Wednesday, July 10th. TD Cowen dropped their price objective on Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. UBS Group raised shares of Everest Group to a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their target price on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group boosted their price target on shares of Everest Group from $440.00 to $457.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $439.27.

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.