Radian Group (RDN) Stock Hits One-Year High on Third-Quarter Earnings Beat - TheStreet

NEW YORK (TheStreet) -- Shares of Radian Group  (RDN) - Get Report rose more than 5% to a 52-week high of $16.34 on Thursday after the credit enhancement company reported third-quarter earnings that beat analysts' expectations.

The company reported net income of $153.6 million, or 67 cents per diluted share, up from a net loss of $12.7 million, or 7 cents per diluted share, in the same period one year earlier. Revenue rose year-over-year to $309.25 million from $244.58 million.

The Capital IQ consensus estimate had called for earnings of 33 cents a share on revenue of $268.17 million.

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More than 9 million shares changed hands Thursday, compared to the average volume of 2,754,240.

Separately, TheStreet Ratings team rates RADIAN GROUP INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate RADIAN GROUP INC (RDN) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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