Essent Group (ESNT) to Release Quarterly Earnings on Friday

Essent Group (NYSE:ESNT) will release its earnings data before the market opens on Friday, May 3rd. Analysts expect Essent Group to post earnings of $1.56 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Essent Group (NYSE:ESNT) last announced its 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 business had revenue of $297.30 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $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 Up 1.2 %

NYSE:ESNT opened at $53.59 on Thursday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.82 and a beta of 1.04. The firm has a fifty day simple moving average of $55.07 and a two-hundred day simple moving average of $52.42. Essent Group has a 12 month low of $40.33 and a 12 month high of $59.90.

Essent Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Wednesday, March 13th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.09%. This is a boost from Essent Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 12th. Essent Group’s dividend payout ratio (DPR) is presently 17.23%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Essent Group from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Keefe, Bruyette & Woods lifted their price objective 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. cut shares of Essent Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $61.00 in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Essent Group from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.