Essent Group (NYSE:ESNT) will be posting its quarterly earnings results before the market opens on Friday, May 7th. Analysts expect Essent Group to post earnings of $1.34 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Essent Group (NYSE:ESNT) last issued its quarterly earnings results on Thursday, February 18th. The financial services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.12). Essent Group had a net margin of 46.59% and a return on equity of 12.97%. The business had revenue of $247.20 million during the quarter, compared to analysts’ expectations of $253.03 million. During the same period in the prior year, the business earned $1.49 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect Essent Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of ESNT stock opened at $52.37 on Wednesday. Essent Group has a 52 week low of $24.67 and a 52 week high of $54.22. The stock has a market capitalization of $5.91 billion, a PE ratio of 12.26 and a beta of 1.34. The firm has a 50 day moving average of $48.08 and a two-hundred day moving average of $45.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Wednesday, March 10th were issued a $0.16 dividend. The ex-dividend date was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. Essent Group’s payout ratio is 11.31%.
ESNT has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Essent Group from a “hold” rating to a “sell” rating in a report on Thursday, February 11th. JPMorgan Chase & Co. lowered shares of Essent Group from an “overweight” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Tuesday, January 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Essent Group currently has a consensus rating of “Hold” and a consensus price target of $47.75.
In other news, SVP Mary Lourdes Gibbons sold 5,079 shares of Essent Group stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $53.02, for a total value of $269,288.58. Following the sale, the senior vice president now owns 231,803 shares of the company’s stock, valued at $12,290,195.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vijay Bhasin sold 9,153 shares of Essent Group stock in a transaction dated Monday, April 19th. The shares were sold at an average price of $50.00, for a total transaction of $457,650.00. Following the completion of the sale, the senior vice president now directly owns 187,232 shares in the company, valued at approximately $9,361,600. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,004 shares of company stock worth $1,265,199. 2.90% of the stock is currently owned by company insiders.
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.
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