Zacks: Analysts Anticipate Radian Group Inc. (NYSE:RDN) Will Announce Earnings of $0.67 Per Share

Equities research analysts expect Radian Group Inc. (NYSE:RDN) to report $0.67 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Radian Group’s earnings. The highest EPS estimate is $0.69 and the lowest is $0.64. Radian Group reported earnings per share of ($0.36) during the same quarter last year, which suggests a positive year over year growth rate of 286.1%. The company is expected to announce its next quarterly earnings results on Friday, August 6th.

On average, analysts expect that Radian Group will report full year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.84. For the next financial year, analysts forecast that the business will report earnings of $3.02 per share, with EPS estimates ranging from $2.85 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Radian Group.

Radian Group (NYSE:RDN) last posted its earnings results on Tuesday, May 4th. The insurance provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Radian Group had a return on equity of 7.50% and a net margin of 26.33%. The firm had revenue of $328.81 million for the quarter, compared to analyst estimates of $339.97 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Radian Group’s revenue for the quarter was down .1% compared to the same quarter last year.

RDN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Radian Group from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a research note on Wednesday, March 10th. BTIG Research raised their target price on shares of Radian Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 5th. They noted that the move was a valuation call. Finally, B. Riley raised their price objective on shares of Radian Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, April 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $25.00.

Shares of RDN stock traded up $0.30 during trading hours on Friday, hitting $22.98. The stock had a trading volume of 15,467 shares, compared to its average volume of 1,374,346. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.69 and a beta of 1.50. The stock has a 50 day moving average price of $23.48. Radian Group has a twelve month low of $12.99 and a twelve month high of $25.31.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 4th. Investors of record on Monday, May 24th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 21st. This is a boost from Radian Group’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 2.44%. Radian Group’s payout ratio is currently 32.18%.

In related news, VP Mary Dickerson acquired 8,975 shares of the business’s stock in a transaction that occurred on Tuesday, May 25th. The stock was purchased at an average cost of $22.91 per share, for a total transaction of $205,617.25. Also, Director Noel Joseph Spiegel sold 9,962 shares of the firm’s stock in a transaction on Friday, May 14th. The stock was sold at an average price of $22.85, for a total value of $227,631.70. Following the transaction, the director now directly owns 29,970 shares of the company’s stock, valued at approximately $684,814.50. The disclosure for this sale can be found here. Insiders sold 24,992 shares of company stock worth $568,395 in the last three months. 1.36% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Radian Group during the 4th quarter worth about $50,402,000. BlackRock Inc. grew its stake in Radian Group by 14.6% in the 4th quarter. BlackRock Inc. now owns 16,235,333 shares of the insurance provider’s stock worth $328,766,000 after acquiring an additional 2,070,384 shares during the period. Morgan Stanley raised its holdings in Radian Group by 500.6% in the 4th quarter. Morgan Stanley now owns 1,692,491 shares of the insurance provider’s stock valued at $34,273,000 after acquiring an additional 1,410,695 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Radian Group by 90.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,803,600 shares of the insurance provider’s stock worth $56,773,000 after purchasing an additional 1,335,100 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Radian Group by 1,950.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,002,900 shares of the insurance provider’s stock worth $23,317,000 after purchasing an additional 954,000 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management and contract underwriting solutions.

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