Essent Group (ESNT) Projected to Post Quarterly Earnings on Friday

Essent Group (NYSE:ESNT) is projected to announce its Q1 2025 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) last announced its quarterly 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). Essent Group had a return on equity of 13.35% and a net margin of 58.69%. The firm had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $313.88 million. During the same period last year, the firm earned $1.64 EPS. Essent Group’s revenue was up 6.0% compared to the same quarter last year. 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 Essent Group stock opened at $57.10 on Friday. Essent Group has a 1 year low of $51.61 and a 1 year high of $65.34. The company has a market capitalization of $5.93 billion, a P/E ratio of 8.35, a P/E/G ratio of 2.70 and a beta of 0.80. The business has a 50 day moving average price of $55.82 and a 200 day moving average price of $56.59.

Essent Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 14th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, March 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Essent Group’s previous quarterly dividend of $0.28. Essent Group’s dividend payout ratio is currently 18.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ESNT. Keefe, Bruyette & Woods decreased their target price on Essent Group from $71.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $67.00 price target on shares of Essent Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded Essent Group from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research report on Tuesday, April 8th. Finally, Barclays lowered shares of Essent Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $69.00 to $58.00 in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.