Essent Group (ESNT) Expected to Announce Earnings on Friday

Essent Group (NYSE:ESNT) is projected to release its earnings data before the market opens on Friday, February 14th. Analysts expect Essent Group to post earnings of $1.67 per share and revenue of $313.88 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Essent Group Stock Down 1.8 %

Shares of ESNT opened at $57.07 on Thursday. Essent Group has a twelve month low of $51.32 and a twelve month high of $65.33. The company has a 50 day moving average of $56.08 and a 200-day moving average of $59.16. The stock has a market capitalization of $6.06 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.75 and a beta of 1.11.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price target on Essent Group from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of Essent Group from $67.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group cut their target price on shares of Essent Group from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Barclays cut Essent Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $69.00 to $58.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Essent Group from $75.00 to $72.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.71.

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.