Essent Group (ESNT) to Release Quarterly Earnings on Friday

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Essent Group (NYSE:ESNT) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, February 8th. Analysts expect the company to announce earnings of $1.15 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 released its quarterly earnings data on Friday, November 9th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $185.00 million during the quarter, compared to analysts’ expectations of $181.40 million. Essent Group had a net margin of 72.96% and a return on equity of 20.18%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, analysts expect Essent Group to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Essent Group stock opened at $39.75 on Friday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.76 and a beta of 1.27. Essent Group has a 1 year low of $31.08 and a 1 year high of $48.10.

In other news, Director Robert Glanville acquired 2,000 shares of Essent Group stock in a transaction that occurred on Friday, December 7th. The stock was purchased at an average price of $36.12 per share, for a total transaction of $72,240.00. Following the purchase, the director now directly owns 29,959 shares in the company, valued at approximately $1,082,119.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeff Cashmer sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $37.38, for a total transaction of $934,500.00. Following the transaction, the senior vice president now owns 118,395 shares of the company’s stock, valued at approximately $4,425,605.10. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Essent Group from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Thursday, January 17th. ValuEngine cut shares of Essent Group from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Barclays set a $52.00 price target on shares of Essent Group and gave the stock a “buy” rating in a research report on Friday, December 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Essent Group from $42.50 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.18.

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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. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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Earnings History for Essent Group (NYSE:ESNT)

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