Radian Group (RDN) Releases Earnings Results, Beats Expectations By $0.05 EPS

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Radian Group (NYSE:RDN) posted its earnings results on Tuesday, April 30th. The insurance provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05, Briefing.com reports. The firm had revenue of $363.63 million for the quarter, compared to analyst estimates of $342.44 million. Radian Group had a return on equity of 17.82% and a net margin of 49.25%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share.

Shares of NYSE:RDN traded up $0.37 during trading on Thursday, hitting $22.73. 279,010 shares of the company were exchanged, compared to its average volume of 1,331,131. The company has a market capitalization of $4.72 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.87 and a current ratio of 1.87. Radian Group has a 1-year low of $14.77 and a 1-year high of $24.62.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. Radian Group’s dividend payout ratio (DPR) is presently 0.37%.

A number of analysts recently issued reports on RDN shares. Zacks Investment Research raised Radian Group from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Thursday, January 17th. ValuEngine raised Radian Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Bank of America restated a “buy” rating and set a $27.00 price objective (up previously from $23.00) on shares of Radian Group in a report on Wednesday, May 1st. Compass Point restated a “buy” rating and set a $30.00 price objective (up previously from $26.50) on shares of Radian Group in a report on Thursday, May 2nd. Finally, MKM Partners boosted their price target on Radian Group to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.71.

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Radian Group Company Profile

Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.

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Earnings History for Radian Group (NYSE:RDN)

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