Essent Group Ltd. (NYSE:ESNT) is reporting second quarter financial results on Friday 7th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, ESNT is expected to report 2Q20 income of $ 0.47 per share from revenue of $ 225.97 million.
For the full year, analysts anticipate top line of $ 912.37 million, while looking forward to income of $ 3.70 per share bottom line.
Previous Quarter Performance
Essent Group Ltd. announced income for the first quarter of $ 1.52 per share, from the revenue of $ 228.84 million. The quarterly earnings boosted 16.92 percent while revenues surged 16.11 percent compared with the same quarter last year.
According to street consensus, ESNT was expected to report 1Q20 income of $ 1.45 per share from revenue of $ 231.25 million. The bottom line results beat street analysts by $ 0.07 or 4.83 percent, at the same time, top line results fell short of analysts by $ 2.41 million or 1.04 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 4.06 billion and is part of the Financial Services sector and Specialty Finance industry.
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Recent Analyst recommendations
- On 9th June 2020, downgraded by Keefe, Bruyette & Woods to Market Perform from Outperform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.16 per share on May 8, 2020. The dividend were payable on June 12, 2020 to holders of record as of the close of business on June 2, 2020 and ex-dividend date on June 1, 2020.
Conference Call
Essent Group Ltd. will be hosting a conference call at 10:00 AM eastern time on 7th August 2020, to discuss its 2Q20 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.
