Radian Group (RDN) Set to Announce Quarterly Earnings on Wednesday

Radian Group (NYSE:RDN - Get Free Report) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $328.64 million during the quarter, compared to analysts' expectations of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. 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 Trading Up 0.1 %

Shares of NYSE:RDN traded up $0.03 during mid-day trading on Wednesday, reaching $30.63. 663,065 shares of the company were exchanged, compared to its average volume of 1,300,178. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.83 and a beta of 1.02. The firm's 50-day simple moving average is $30.37 and its 200 day simple moving average is $28.33. Radian Group has a 1 year low of $22.93 and a 1 year high of $33.69.

Radian Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.245 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Radian Group's previous quarterly dividend of $0.23. Radian Group's dividend payout ratio (DPR) is presently 25.93%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $35.00 price target (down previously from $36.00) on shares of Radian Group in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Radian Group presently 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.