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Radian Group Inc (RDN)
:RDN
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.92Last Year’s EPS
0.96Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -4.10%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant revenue growth, capital management success, and high persistency rates, contributing to a positive outlook for future growth in the mortgage insurance market. However, challenges were noted with an increase in loan defaults and a software impairment affecting the financial results.Company Guidance
During the Radian Group's third-quarter 2024 earnings call, the company issued several key metrics and forward-looking statements, reflecting their strong financial performance and strategic position. Radian reported a book value per share increase of 18% year-over-year to $31.37 and generated revenues of $334 million, with net income reaching $152 million. The company's annualized return on equity stood at 13.2%, while the adjusted net operating return on equity was slightly higher at 13.7%. They highlighted writing $13.5 billion of new insurance in the third quarter, contributing to their primary mortgage insurance in force reaching $275 billion. Radian also reduced its leverage ratio to 18.5% by paying off $450 million of senior debt and maintained a PMIERs cushion of $2.1 billion. Looking forward, Radian expects the private mortgage insurance market to grow by approximately 10% in 2025 compared to 2024, supported by a constrained supply of existing homes bolstering home values.Strong Financial Performance
Radian reported net income of $152 million and revenue growth to $334 million in Q3 2024, with a record book value per share increase of 18% year-over-year to $31.37.
Capital Management Success
Paid off $450 million of senior debt, reducing leverage ratio to 18.5%. Also returned $86 million to shareholders through buybacks and dividends in Q3.
High Persistency Rates
Persistency rate remains high at 84.4%, with 70% of insurance in force having a mortgage rate of 6% or less, indicating stability.
Positive Outlook for MI Market
Expecting a 10% growth in the mortgage insurance market in 2025, indicating potential for revenue expansion.
Investment Portfolio Growth
Portfolio size increased to $6.6 billion with an average yield of 4.3%, generating net investment income of $78 million.
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RDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $34.35 | $33.62 | -2.13% |
| Jul 31, 2024 | $36.59 | $35.11 | -4.04% |
| May 01, 2024 | $29.54 | $30.08 | +1.83% |
| Feb 07, 2024 | $27.49 | $26.47 | -3.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Radian Group Inc (RDN) report earnings?
Radian Group Inc (RDN) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Radian Group Inc (RDN) earnings time?
Radian Group Inc (RDN) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDN EPS forecast?
RDN EPS forecast for the fiscal quarter 2024 (Q4) is 0.92.
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