Radian Group (RDN) to Release Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Radian Group (NYSE:RDN) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Radian Group had a return on equity of 14.75% and a net margin of 48.51%. The firm had revenue of $328.64 million during the quarter, compared to analyst estimates of $319.04 million. During the same period last year, the company earned $1.05 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect Radian Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Radian Group Trading Down 0.1 %

Shares of NYSE RDN opened at $30.31 on Tuesday. Radian Group has a fifty-two week low of $22.93 and a fifty-two week high of $33.69. The firm has a market capitalization of $4.59 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The company’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $28.43.

Radian Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $0.245 per share. This is a boost from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.98 annualized dividend and a dividend yield of 3.23%. Radian Group’s payout ratio is presently 25.93%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $35.00 price objective (down from $36.00) on shares of Radian Group in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.00.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.