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

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

Essent Group Stock Down 1.8 %

ESNT opened at $57.07 on Thursday. The business has a fifty day simple moving average of $56.08 and a 200-day simple moving average of $59.16. The firm has a market cap of $6.06 billion, a PE ratio of 8.27, a P/E/G ratio of 2.75 and a beta of 1.11. Essent Group has a fifty-two week low of $51.32 and a fifty-two week high of $65.33.

Wall Street Analyst Weigh In

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

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