Essent Group (ESNT) to Release Earnings on Friday

Essent Group (NYSE:ESNT) is expected 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 listen to the company’s conference call can do so using this link.

Essent Group Stock Performance

Shares of ESNT opened at $58.07 on Wednesday. Essent Group has a fifty-two week low of $51.32 and a fifty-two week high of $65.33. The firm’s 50-day simple moving average is $56.05 and its two-hundred day simple moving average is $59.20. The stock has a market cap of $6.17 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 2.75 and a beta of 1.11.

Analysts Set New Price Targets

ESNT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on Essent Group from $75.00 to $72.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on Essent Group from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Barclays cut shares of Essent Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $69.00 to $58.00 in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Essent Group from $73.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Essent Group from $67.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. 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.