Radian Group Inc. (RDN) to Post FY2018 Earnings of $1.95 Per Share, FBR & Co Forecasts
Radian Group Inc. (NYSE:RDN) – Investment analysts at FBR & Co issued their FY2018 earnings per share (EPS) estimates for Radian Group in a report issued on Wednesday. FBR & Co analyst R. Binner forecasts that the firm will post earnings per share of $1.95 for the year. FBR & Co has a “Buy” rating on the stock.
Radian Group (NYSE:RDN) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Radian Group had a return on equity of 12.73% and a net margin of 25.97%. The firm earned $320.88 million during the quarter, compared to the consensus estimate of $229.12 million. During the same period in the prior year, the company earned $0.31 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year.
A number of other research firms have also issued reports on RDN. Compass Point lowered Radian Group from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Friday, October 28th. Zacks Investment Research raised Radian Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. Bank of America Corp. assumed coverage on Radian Group in a report on Monday, October 17th. They issued a “buy” rating and a $18.00 target price on the stock. BTIG Research set a $22.00 target price on Radian Group and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, TheStreet raised Radian Group from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Radian Group presently has an average rating of “Buy” and a consensus price target of $16.54.
Radian Group (NYSE:RDN) opened at 14.38 on Friday. Radian Group has a 1-year low of $9.29 and a 1-year high of $14.67. The firm has a market capitalization of $3.08 billion, a P/E ratio of 10.18 and a beta of 2.30. The company has a 50-day moving average price of $13.75 and a 200 day moving average price of $12.66.
A number of hedge funds have recently bought and sold shares of RDN. State Street Corp increased its stake in Radian Group by 11.6% in the first quarter. State Street Corp now owns 6,701,250 shares of the company’s stock worth $83,095,000 after buying an additional 699,185 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Radian Group by 13.2% in the second quarter. BNP Paribas Arbitrage SA now owns 153,714 shares of the company’s stock worth $1,602,000 after buying an additional 17,935 shares during the last quarter. California State Teachers Retirement System increased its stake in Radian Group by 17.5% in the second quarter. California State Teachers Retirement System now owns 452,298 shares of the company’s stock worth $4,713,000 after buying an additional 67,238 shares during the last quarter. UBS Group AG increased its stake in Radian Group by 6.1% in the first quarter. UBS Group AG now owns 200,513 shares of the company’s stock worth $2,486,000 after buying an additional 11,465 shares during the last quarter. Finally, Genesee Valley Trust Co. increased its stake in Radian Group by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 12,216 shares of the company’s stock worth $127,000 after buying an additional 274 shares during the last quarter. Institutional investors own 93.34% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 21st will be given a dividend of $0.0025 per share. The ex-dividend date is Thursday, November 17th. This represents a $0.01 dividend on an annualized basis and a yield of 0.07%. Radian Group’s payout ratio is 0.70%.
Radian Group Company Profile
Radian Group Inc is a 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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