Radian Group (RDN) to Release Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN) is set to release its earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Radian Group (NYSE:RDN) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. Radian Group’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. 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 Stock Performance

Shares of RDN opened at $30.31 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $30.57 and its two-hundred day simple moving average is $28.43. Radian Group has a 12 month low of $22.93 and a 12 month high of $33.69. The stock has a market capitalization of $4.59 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.02.

Radian Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 26th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Radian Group’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 23rd. Radian Group’s payout ratio is currently 25.93%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $35.00 target price (down from $36.00) on shares of Radian Group in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.00.

About Radian Group

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.