Essent Group (ESNT) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Essent Group (NASDAQ:ESNT) issued its quarterly earnings data on Friday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02, Analyst RN reports. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.51 million. The company’s revenue for the quarter was up 83.4% on a year-over-year basis.
Essent Group (NASDAQ:ESNT) opened at 18.49 on Friday. Essent Group has a 52-week low of $17.26 and a 52-week high of $26.45. The stock’s 50-day moving average is $19.13 and its 200-day moving average is $21.29. The company has a market cap of $1.600 billion and a price-to-earnings ratio of 26.12.
A number of analysts have recently weighed in on ESNT shares. Analysts at Paradigm Capital cut their price target on shares of Essent Group from $3.15 to $3.00 in a research note on Tuesday, July 15th. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Essent Group in a research note on Monday, May 12th. They now have a $24.50 price target on the stock, down previously from $25.00. Finally, analysts at Compass Point upgraded shares of Essent Group from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $24.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.75.
Essent Group Ltd. (NASDAQ:ESNT) is a Bermuda-based holding company.
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