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.
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.
ILLEGAL ACTIVITY WARNING: “Essent Group (ESNT) to Release Quarterly Earnings on Friday” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4116469/essent-group-esnt-to-release-quarterly-earnings-on-friday.html.
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.
Read More: Trading Strategy Methods and Types
Receive News & Ratings for Essent Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essent Group and related companies with MarketBeat.com's FREE daily email newsletter.