Essent Group Ltd. [ESNT] stock prices are up up 0.83% to $42.59 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ESNT shares have gain 2.97% over the last week, with a monthly amount glided 10.45%, and seem to be holding up well over a long-time horizon.
On 14, July 2022, Essent Group Ltd. Schedules Second Quarter Earnings Conference Call for August 5, 2022. In a post published today on Yahoo Finance, Essent Group Ltd. (NYSE: ESNT) today announced that it will hold a conference call on Friday, August 5, 2022, at 10:00 a.m. Eastern Time to discuss the Company’s second quarter 2022 results, which will be announced prior to the market open on the same day.
From an analyst’s perspective:
Essent Group Ltd. [NYSE: ESNT] stock has seen the most recent analyst activity on April 11, 2022, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $47 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on December 13, 2021, and kept the price target unchanged to $51. On January 19, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $52 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $46 on September 21, 2020. Keefe Bruyette downgraded its rating to a Mkt Perform but $40 remained the price target by the analyst firm on June 09, 2020. MKM Partners upgraded its rating to Buy for this stock on March 11, 2020, but kept the price target unchanged to $50. In a note dated January 17, 2020, JP Morgan upgraded an Overweight rating on this stock but restated the target price of $57.50.
The stock price of Essent Group Ltd. [ESNT] has been fluctuating between $35.53 and $50.17 over the past year. Essent Group Ltd. [NYSE: ESNT] shares were valued at $42.59 at the most recent close of the market.
Analyzing the ESNT fundamentals
The most recent quarter, Essent Group Ltd. [NYSE:ESNT] reported sales of 260.64 billion, representing a surge of 8.10%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.21 points at the first support level, and at 41.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.85, and for the 2nd resistance point, it is at 43.10.
Essent Group Ltd. [ESNT] reported earnings per share of $2.52 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.46/share, meaning a difference of $1.06 and a surprise factor of 72.60%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.64 per share as compared to estimates of $1.4 per share, a difference of $0.24 representing a surprise of 17.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.03, the price to book ratio is 1.18 and the P/E (TTM) ratio is 5.73.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 16 insider purchases totaling 95,574 shares and 1 insider sales totaling 2,400 shares over the past 3 months. Recent insider trading involved PAULS DOUGLAS J, Director, that happened on May 26 when 2400.0 shares were sold. Director, GLANVILLE ROBERT completed a deal on Mar 09 to buy 1000.0 shares. Meanwhile, Chairman, CEO and President CASALE MARK sold 6572.0 shares on Jan 13.