Radian Group (NYSE:RDN) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS


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Radian Group (NYSE:RDN) issued its earnings results on Tuesday. The insurance provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01, RTT News reports. Radian Group had a net margin of 27.92% and a return on equity of 9.49%. The business had revenue of $328.81 million for the quarter, compared to the consensus estimate of $339.97 million. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year.

Shares of RDN traded down $0.02 on Tuesday, hitting $24.70. 1,548,862 shares of the stock traded hands, compared to its average volume of 1,363,635. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.73 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.61 and a beta of 1.58. The stock’s 50 day moving average is $23.56 and its two-hundred day moving average is $20.86. Radian Group has a 1 year low of $12.41 and a 1 year high of $25.31.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Investors of record on Monday, May 24th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.27%. This is an increase from Radian Group’s previous quarterly dividend of $0.13. Radian Group’s payout ratio is currently 15.58%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Radian Group from a “sell” rating to a “hold” rating and set a $23.00 price target for the company in a research report on Wednesday, March 10th. B. Riley boosted their target price on Radian Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, April 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Radian Group has a consensus rating of “Buy” and an average target price of $24.17.

About Radian Group

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management and contract underwriting solutions.

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Earnings History for Radian Group (NYSE:RDN)

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