Radian Group Inc. (NYSE:RDN) is set to announce second quarter earning results on Friday 7th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RDN to report 2Q20 income of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 1071.95 million, while looking forward to income of $ 1.82 per share bottom line.
Previous Quarter Performance
Radian Group Inc. unwinded income for the first quarter of $ 0.80 per share, from the revenue of $ 277.42 million. The quarterly earnings increased 9.59 percent while revenues swell 5.28 percent compared with the same quarter last year.
According to street consensus, RDN was expected to report 1Q20 income of $ 0.74 per share from revenue of $ 298.71 million. The bottom line results beat street analysts by $ 0.06 or 8.11 percent, at the same time, top line results fell short of analysts by $ 21.29 million or 7.13 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 2.93 billion and is part of the Financial Services sector and Insurance – Specialty industry.
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Recent Analyst recommendations
- On 9th June 2020, downgraded by Keefe, Bruyette & Woods to Market Perform from Outperform rating, with $ 21.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.125 per share on May 13, 2020. The dividend were payable on June 5, 2020 to holders of record as of the close of business on May 26, 2020 and ex-dividend date on May 22, 2020.
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.
