Everest Group (EG) Scheduled to Post Earnings on Wednesday

Posted by Defense World Staff on Oct 18th, 2023

Everest Group (NYSE:EG – Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Everest Group to post earnings of $6.60 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Everest Group (NYSE:EG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $15.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.10 by $4.11. Everest Group had a return on equity of 14.92% and a net margin of 9.14%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business earned $9.79 earnings per share. On average, analysts expect Everest Group to post $49 EPS for the current fiscal year and $57 EPS for the next fiscal year.

Everest Group Trading Up 0.7 %

Shares of EG opened at $408.08 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group has a 1 year low of $269.79 and a 1 year high of $410.30. The company has a market capitalization of $17.71 billion, a PE ratio of 13.65, a P/E/G ratio of 0.26 and a beta of 0.59. The stock’s 50-day moving average is $371.91.

Everest Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Monday, September 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.72%. This is a boost from Everest Group’s previous quarterly dividend of $1.65. Everest Group’s dividend payout ratio (DPR) is 23.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. The Goldman Sachs Group started coverage on Everest Group in a report on Friday, September 8th. They set a “buy” rating and a $449.00 target price on the stock. Jefferies Financial Group lifted their price objective on Everest Group from $429.00 to $449.00 in a report on Friday, October 6th. Citigroup lifted their price objective on Everest Group from $408.00 to $447.00 and gave the company a “buy” rating in a report on Monday, October 9th. Wells Fargo & Company lifted their price objective on Everest Group from $452.00 to $461.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Raymond James upgraded Everest Group from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $420.00 to $450.00 in a report on Friday, July 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Everest Group currently has an average rating of “Buy” and an average target price of $451.00.

View Our Latest Research Report on Everest Group

Everest Group Company Profile

(Get Free Report)

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally. The company operates through Reinsurance Operations and Insurance Operations segments. The Reinsurance Operations 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.