Radian Group (RDN) Tops Q1 EPS by 3c

Radian Group (NYSE: RDN) reported Q1 EPS of $0.37, $0.03 better than the analyst estimate of $0.34. Revenue for the quarter came in at $313 million versus the consensus estimate of $226.23 million.

Book value per share at March 31, 2016 grew to $12.42, compared to $12.07 at December 31, 2015, and $11.53 at March 31, 2015.

“Our solid first quarter results were driven primarily by exceptional credit trends,” said Radian’s Chief Executive Officer S.A. Ibrahim. “We delivered on our commitment to strengthen our financial position, increase capital flexibility and improve our debt maturity profile, and during the quarter Radian Guaranty returned to investment grade ratings.”

For earnings history and earnings-related data on Radian Group (RDN) click here.

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