Essent Group (NYSE:ESNT) is set to issue its quarterly earnings data before the market opens on Friday, May 7th. Analysts expect the company to announce earnings of $1.34 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Essent Group (NYSE:ESNT) last issued its quarterly earnings data on Thursday, February 18th. The financial services provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.12). The firm had revenue of $247.20 million during the quarter, compared to analyst estimates of $253.03 million. Essent Group had a net margin of 46.59% and a return on equity of 12.97%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. On average, analysts expect Essent Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
ESNT opened at $52.37 on Wednesday. The firm has a market cap of $5.91 billion, a P/E ratio of 12.26 and a beta of 1.34. Essent Group has a 52-week low of $24.67 and a 52-week high of $54.22. The business’s fifty day moving average is $48.08 and its 200-day moving average is $45.01.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Wednesday, March 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, March 9th. Essent Group’s dividend payout ratio (DPR) is presently 11.31%.
Several equities analysts have commented on ESNT shares. Zacks Investment Research downgraded Essent Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 11th. JPMorgan Chase & Co. downgraded Essent Group from an “overweight” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Tuesday, January 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.75.
In related news, SVP Mary Lourdes Gibbons sold 5,079 shares of the stock in a transaction dated Monday, April 26th. The stock was sold at an average price of $53.02, for a total transaction of $269,288.58. Following the completion of the sale, the senior vice president now directly owns 231,803 shares in the company, valued at approximately $12,290,195.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vijay Bhasin sold 9,153 shares of the stock in a transaction dated Monday, April 19th. The shares were sold at an average price of $50.00, for a total value of $457,650.00. Following the sale, the senior vice president now owns 187,232 shares of the company’s stock, valued at $9,361,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,004 shares of company stock worth $1,265,199. 2.90% of the stock is currently owned by corporate insiders.
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.
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