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Last $18.44 USD
Change Today +0.11 / 0.60%
Volume 2.4M
RDN On Other Exchanges
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As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

radian group inc (RDN) Key Developments

Radian Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Radian Group Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported net income from continuing operations of $45.2 million, or $0.20 per diluted share compares to $103.5 million or $0.47 per diluted share a year ago. Book value per share at June 30, 2015, was $11.28, compared to $11.53 at March 31, 2015. The decrease in book value from the first quarter of 2015 was related to the issuance of shares resulting from the capital actions. Adjusted pretax operating income was $147.3 million compared to $74.1 million. Adjusted diluted net operating income per share was $0.40 compared to $0.23 a year ago. Revenues were $330.4 million compared to $247.4 million a year ago. Pretax income from continuing operations was $79,984,000 compared to $92,887,000 a year ago. Net income was $50.0 million, or $0.22 per diluted share, which included a loss of $91.9 million on induced conversion and debt extinguishment from recent actions to strengthen the company’s capital structure, and net gains of $28.4 million on investments and other financial instruments. This compares to net income for the quarter ended June 30, 2014, of $174.8 million, or $0.78 per diluted share, which included pre-tax net gains of $25.3 million on investments and other financial instruments, and $71.3 million of net income from discontinued operations.

Radian Group Inc. to Report Q2, 2015 Results on Jul 22, 2015

Radian Group Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 22, 2015

Radian Group Inc., Q2 2015 Earnings Call, Jul 22, 2015

Radian Group Inc., Q2 2015 Earnings Call, Jul 22, 2015

Radian Group Inc. Declares Regular Quarterly Dividend on Common Stock, Payable on June 8, 2015

Radian Group Inc. announced that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on June 8, 2015 to stockholders of record as of May 26, 2015.

Radian Group Builds for the Future with Advanced ConsultCRM

Radian Group has implemented a CRM solution from Advanced ConsultCRM (Advanced) to drive its growth strategy. The contract follows Advanced's recent acquisition of Goldcrest Solutions, a leading provider of Microsoft Dynamics CRM solutions to the social housing sector. The Goldcrest housing solution (built on the Microsoft Dynamics CRM platform) is being used to resolve more than 80% of customer enquiries at first point of contact and better manage ongoing cases through to resolution. Radian manages more than 21,000 properties in the South of England and has a turnover in excess of £120 million. The not-for-profit organisation plans to build 1,500 homes over the next three years and invest in the private rented housing sector. Following a competitive tendering process, the Group selected Goldcrest in preference to three other solutions. The solution integrates with Radian's housing management system and was implemented in January 2015. The solution has been rolled out to 400 customer service and other customer facing staff, including surveyors, housing officers and tenancy support staff working out of their four main offices.

 

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RDN

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Valuation RDN Industry Range
Price/Earnings 4.1x
Price/Sales 3.2x
Price/Book 1.6x
Price/Cash Flow 4.8x
TEV/Sales 2.0x
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