Essent Group (ESNT) Projected to Post Earnings on Friday

Essent Group (NYSE:ESNT) will likely be posting its quarterly earnings results 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 Performance

NYSE ESNT opened at $59.03 on Friday. The stock has a 50 day moving average price of $55.99 and a 200-day moving average price of $59.27. Essent Group has a one year low of $50.65 and a one year high of $65.33. The company has a market capitalization of $6.27 billion, a P/E ratio of 8.55, a P/E/G ratio of 2.72 and a beta of 1.11.

Analyst Upgrades and Downgrades

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