Wall Street brokerages expect Essent Group Ltd (NYSE:ESNT) to report $1.05 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Essent Group’s earnings. Essent Group reported earnings of $0.77 per share during the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The firm is expected to report its next earnings results on Thursday, November 8th.

On average, analysts expect that Essent Group will report full year earnings of $4.54 per share for the current fiscal year, with EPS estimates ranging from $4.50 to $4.60. For the next year, analysts expect that the firm will post earnings of $5.00 per share, with EPS estimates ranging from $4.86 to $5.15. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Essent Group.

Essent Group (NYSE:ESNT) last released its earnings results on Friday, August 3rd. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.08. Essent Group had a return on equity of 19.37% and a net margin of 71.08%. The business had revenue of $173.77 million for the quarter, compared to analyst estimates of $174.06 million. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year.

Several brokerages have recently commented on ESNT. Zacks Investment Research upgraded Essent Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, July 25th. MKM Partners cut their price target on Essent Group to $40.00 and set a “neutral” rating on the stock in a research note on Monday, August 6th. ValuEngine upgraded Essent Group from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Susquehanna Bancshares raised their price target on Essent Group from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. cut their price target on Essent Group from $51.00 to $40.00 and set a “$38.36” rating on the stock in a research note on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Essent Group currently has a consensus rating of “Buy” and an average target price of $49.48.

In other Essent Group news, SVP Vijay Bhasin sold 27,869 shares of Essent Group stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $44.64, for a total value of $1,244,072.16. Following the transaction, the senior vice president now owns 278,515 shares in the company, valued at $12,432,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary Lourdes Gibbons sold 18,781 shares of Essent Group stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $45.15, for a total value of $847,962.15. Following the completion of the transaction, the senior vice president now owns 223,412 shares in the company, valued at approximately $10,087,051.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,468 shares of company stock worth $2,939,696. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its stake in Essent Group by 8.7% in the second quarter. Macquarie Group Ltd. now owns 1,423,708 shares of the financial services provider’s stock valued at $50,997,000 after purchasing an additional 114,438 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Essent Group by 43.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,183 shares of the financial services provider’s stock valued at $46,180,000 after purchasing an additional 387,615 shares during the last quarter. Renaissance Technologies LLC grew its stake in Essent Group by 30.3% in the second quarter. Renaissance Technologies LLC now owns 1,283,550 shares of the financial services provider’s stock valued at $45,977,000 after purchasing an additional 298,250 shares during the last quarter. Janus Henderson Group PLC grew its stake in Essent Group by 35.9% in the second quarter. Janus Henderson Group PLC now owns 1,266,524 shares of the financial services provider’s stock valued at $45,367,000 after purchasing an additional 334,394 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Essent Group by 23.7% in the second quarter. Northern Trust Corp now owns 1,237,402 shares of the financial services provider’s stock valued at $44,324,000 after purchasing an additional 237,141 shares during the last quarter. Institutional investors own 90.09% of the company’s stock.

Shares of Essent Group stock traded down $0.45 during trading on Monday, hitting $44.10. 399,800 shares of the stock traded hands, compared to its average volume of 807,893. The firm has a market cap of $4.37 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.98 and a beta of 1.26. Essent Group has a 52-week low of $32.73 and a 52-week high of $50.08.

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. The company also provides information technology maintenance and development services; customer support-related services; and contract underwriting services.

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