Essent Group (ESNT) to Release Quarterly Earnings on Friday

Essent Group (NYSE:ESNT) is set to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Essent Group (NYSE:ESNT) last posted its quarterly earnings results on Friday, February 9th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The firm had revenue of $297.30 million for the quarter, compared to analyst estimates of $286.18 million. Essent Group had a net margin of 62.75% and a return on equity of 14.44%. Essent Group’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 earnings per share. On average, analysts expect Essent Group to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Essent Group Trading Down 0.6 %

ESNT opened at $53.86 on Friday. The firm has a market capitalization of $5.76 billion, a PE ratio of 8.29, a PEG ratio of 0.83 and a beta of 1.04. Essent Group has a twelve month low of $40.33 and a twelve month high of $59.90. The firm’s 50-day moving average price is $54.97 and its 200 day moving average price is $52.24.

Essent Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Wednesday, March 13th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Essent Group’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 2.08%. Essent Group’s payout ratio is presently 17.23%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Essent Group from $62.00 to $64.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lowered shares of Essent Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $58.00 to $61.00 in a report on Wednesday, April 3rd. StockNews.com lowered shares of Essent Group from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Finally, Royal Bank of Canada upped their price objective on shares of Essent Group from $56.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.38.

About Essent Group

Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services, as well as risk management products and title insurance and settlement services.