Essent Group Ltd. (NYSE:ESNT) is expected to report third quarter earnings results, before market open, on Friday 6th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.99 per share.
Looking ahead, the full year income are expected at $ 3.66 per share on the revenues of $ 944.52 million.
Previous Quarter Performance
Essent Group Ltd. unwinded income for the second quarter of $ 0.15 per share, from the revenue of $ 236.08 million. The quarterly earnings contracted 89.21 percent compared with the same quarter last year. Wall street analysts are predicting, ESNT to report 2Q20 income of $ 0.47 per share from revenue of $ 225.97 million. The bottom line results missed street analysts by $ 0.32 or 68.09 percent, at the same time, top line results outshined analysts by $ 10.11 million or 4.47 percent.
Stock Performance
Shares of Essent Group Ltd. traded up $ 0.03 or 0.07 percent on Thursday, reaching $ 41.94 with volume of 1.07 million shares. Essent Group Ltd. has traded high as $ 43.39 and has cracked $ 41.81 on the downward trend
According to the previous trading day, closing price of $ 41.94, representing a 139.21 % increase from the 52 week low of $ 17.52 and a 24.95 % decrease over the 52 week high of $ 55.84.
The company has a market capital of $ 4.72 billion and is part of the Financial Services sector and Specialty Finance industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by MKM Partners at Buy rating, with $ 50.00 target price.
Recent Stock Dividend Announcement
On August 7, 2020, the board of directors authorized quarterly dividend of $ 0.16 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 10, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Essent Group Ltd. will be hosting a conference call at 10:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.essentgroup.com
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. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders.
