Essent Group (ESNT) Expected to Announce Earnings on Friday

Essent Group (NYSE:ESNT - Get Free Report) is anticipated to release its Q1 2025 quarterly earnings results before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of $1.66 per share and revenue of $311.18 million for the quarter.

Essent Group (NYSE:ESNT - Get Free Report) last released its earnings results on Friday, February 14th. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.09). The company had revenue of $315.00 million during the quarter, compared to the consensus estimate of $313.88 million. Essent Group had a return on equity of 13.35% and a net margin of 58.69%. The company's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.64 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 Price Performance

Shares of ESNT traded down $0.08 on Monday, reaching $58.48. The company's stock had a trading volume of 466,847 shares, compared to its average volume of 636,703. Essent Group has a 12-month low of $51.61 and a 12-month high of $65.34. The stock's 50 day simple moving average is $55.86 and its two-hundred day simple moving average is $56.44. The stock has a market capitalization of $6.07 billion, a P/E ratio of 8.55, a PEG ratio of 2.70 and a beta of 0.87.

Essent Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.12%. This is a positive change from Essent Group's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 14th. Essent Group's dividend payout ratio (DPR) is presently 18.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ESNT. Keefe, Bruyette & Woods reduced their target price on shares of Essent Group from $71.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Barclays cut Essent Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $69.00 to $58.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised Essent Group from a "neutral" rating to an "overweight" rating and set a $60.00 price objective for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $67.00 price objective on shares of Essent Group in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.71.

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, as well as risk management products and title insurance and settlement services.