After finishing at $32.74 in the prior trading day, Radian Group, Inc. (NYSE: RDN) closed at $31.13, down -4.92%. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 1727908 shares were traded.
Ratios:
Our goal is to gain a better understanding of RDN by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.35.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on April 04, 2024, Downgraded its rating to Mkt Perform and sets its target price to $35 from $36 previously.
On December 13, 2023, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $29.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $28.UBS initiated its Neutral rating on December 06, 2023, with a $28 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 17 ’23 when Serio Gregory sold 3,800 shares for $26.82 per share. The transaction valued at 101,916 led to the insider holds 8,221 shares of the business.
Hess Lisa W sold 655 shares of RDN for $18,029 on Aug 14 ’23. The Director now owns 6,417 shares after completing the transaction at $27.52 per share. On Jun 05 ’23, another insider, Hoffman Edward J, who serves as the Sr. EVP, General Counsel of the company, sold 30,000 shares for $25.98 each. As a result, the insider received 779,400 and left with 124,784 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RDN now has a Market Capitalization of 4.72B and an Enterprise Value of 6.03B. As of this moment, Radian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.25, and their Forward P/E ratio for the next fiscal year is 8.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.79 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 4.86.
Stock Price History:
Over the past 52 weeks, RDN has reached a high of $33.69, while it has fallen to a 52-week low of $21.67. The 50-Day Moving Average of the stock is 29.84, while the 200-Day Moving Average is calculated to be 27.35.
Shares Statistics:
The stock has traded on average 1.39M shares per day over the past 3-months and 1.02M shares per day over the last 10 days, according to various share statistics. A total of 153.18M shares are outstanding, with a floating share count of 150.16M. Insiders hold about 0.89% of the company’s shares, while institutions hold 97.45% stake in the company. Shares short for RDN as of Mar 15, 2024 were 6.34M with a Short Ratio of 4.57, compared to 5.2M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.18% and a Short% of Float of 4.89%.
Dividends & Splits
In the trailing 12 months, RDN’s forward annual dividend rate was 0.90, compared to 0.92 this year. Against a Trailing Annual Dividend Yield of 2.75%, it implies a Forward Annual Dividend Yield of 2.95%. The stock’s 5-year Average Dividend Yield is 2.26. The current Payout Ratio is 23.90% for RDN, which recently paid a dividend on Mar 12, 2024 with an ex-dividend date of Feb 23, 2024. Stock splits for the company last occurred on Jun 21, 2001 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.84 for the current quarter, with a high estimate of $0.89 and a low estimate of $0.75, while EPS last year was $0.98. The consensus estimate for the next quarter is $0.85, with high estimates of $0.9 and low estimates of $0.77.
Analysts are recommending an EPS of between $3.57 and $3.05 for the fiscal current year, implying an average EPS of $3.36. EPS for the following year is $3.59, with 7 analysts recommending between $3.75 and $3.15.
Revenue Estimates
4 analysts predict $236.63M in revenue for the current quarter. It ranges from a high estimate of $243M to a low estimate of $233.5M. As of the current estimate, Radian Group, Inc.’s year-ago sales were $233.24M, an estimated increase of 1.50% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $238.02M, a decrease of -8.30% less than the figure of $1.50% in the same quarter last year. There is a high estimate of $243.2M for the next quarter, whereas the lowest estimate is $234.9M.
A total of 5 analysts have provided revenue estimates for RDN’s current fiscal year. The highest revenue estimate was $973.2M, while the lowest revenue estimate was $946.8M, resulting in an average revenue estimate of $953.58M. In the same quarter a year ago, actual revenue was $919.58M, up 3.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $987.92M in the next fiscal year. The high estimate is $997.5M and the low estimate is $972M. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.
