Radian Group Inc. (NYSE:RDN) Set to Announce Quarterly Earnings on Tuesday
Radian Group Inc. (NYSE:RDN) is scheduled to announce its earnings results before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
Radian Group (NYSE:RDN) last announced its earnings results on Thursday, April 27th. The insurance provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.06. Radian Group had a net margin of 26.23% and a return on equity of 12.26%. The business had revenue of $288.80 million for the quarter, compared to the consensus estimate of $304.96 million. During the same quarter in the previous year, the company earned $0.37 EPS. Radian Group’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, analysts expect Radian Group to post $1.62 EPS for the current fiscal year and $1.87 EPS for the next fiscal year.
Shares of Radian Group Inc. (NYSE:RDN) remained flat at $17.40 during mid-day trading on Thursday. 838,483 shares of the company were exchanged. Radian Group Inc. has a 12-month low of $12.14 and a 12-month high of $19.87. The company’s 50 day moving average is $16.96 and its 200-day moving average is $17.72. The company has a market capitalization of $3.74 billion, a P/E ratio of 12.19 and a beta of 1.60.
A number of equities analysts recently commented on RDN shares. ValuEngine upgraded Radian Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 7th. Zacks Investment Research cut Radian Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of Radian Group in a report on Friday, April 28th. Deutsche Bank AG reduced their price target on Radian Group from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 28th. Finally, BidaskClub cut Radian Group from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Radian Group has a consensus rating of “Buy” and an average target price of $20.88.
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About Radian Group
Radian Group Inc is an insurance holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions.
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