Essent Group (ESNT) to Release Quarterly Earnings on Friday

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

Essent Group (NYSE:ESNT) last posted its quarterly earnings data on Friday, February 9th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.05. The firm had revenue of $297.30 million for the quarter, compared to analysts’ expectations of $286.18 million. Essent Group had a return on equity of 14.44% and a net margin of 62.75%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 EPS. 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 Price Performance

ESNT stock opened at $53.86 on Friday. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 0.83 and a beta of 1.04. The business’s fifty day moving average price is $54.97 and its two-hundred day moving average price is $52.24. Essent Group has a fifty-two week low of $40.33 and a fifty-two week high of $59.90.

Essent Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Wednesday, March 13th were given a dividend of $0.28 per share. This is a boost from Essent Group’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 12th. This represents a $1.12 annualized dividend and a yield of 2.08%. Essent Group’s dividend payout ratio (DPR) is presently 17.23%.

Analyst Ratings Changes

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

Essent Group Company Profile

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.