FY2017 EPS Estimates for Employers Holdings Inc Increased by SunTrust Banks (EIG)
Employers Holdings Inc (NYSE:EIG) – Research analysts at SunTrust Banks boosted their FY2017 earnings estimates for shares of Employers Holdings in a research report issued on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will earn $2.39 per share for the year, up from their previous forecast of $2.33. SunTrust Banks has a “Buy” rating and a $53.00 price objective on the stock. SunTrust Banks also issued estimates for Employers Holdings’ Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.40 EPS.
Employers Holdings (NYSE:EIG) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. The company had revenue of $210.50 million during the quarter, compared to the consensus estimate of $193.04 million. Employers Holdings had a net margin of 13.32% and a return on equity of 10.39%.
Several other analysts have also recently weighed in on EIG. Zacks Investment Research upgraded shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Buckingham Research initiated coverage on shares of Employers Holdings in a research report on Monday, September 11th. They set an “underperform” rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Employers Holdings presently has a consensus rating of “Hold” and a consensus target price of $47.33.
Employers Holdings (EIG) opened at…