Everest Group, Ltd. (NYSE:EG) Declares Quarterly Dividend of $2.00

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be paid a dividend of 2.00 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, March 13th.

Everest Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Everest Group has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Everest Group to earn $62.48 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 12.8%.

Everest Group Price Performance

Shares of NYSE EG traded down $2.95 on Friday, hitting $334.87. The company’s stock had a trading volume of 67,134 shares, compared to its average volume of 372,570. The stock has a 50 day moving average of $332.30 and a 200-day moving average of $333.07. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36. Everest Group has a 12-month low of $302.44 and a 12-month high of $370.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.37 and a quick ratio of 0.39.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 earnings per share for the quarter, missing analysts’ consensus estimates of $13.36 by ($0.10). The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The business’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned ($18.39) earnings per share. As a group, research analysts predict that Everest Group will post 47.93 EPS for the current year.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.