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Essent Group Ltd (ESNT)
:ESNT
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.66Last Year’s EPS
1.7Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -3.14%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there are positive aspects such as increased book value, strong persistency, investment income, and successful reinsurance transactions, the decrease in net income, impact of natural disasters on defaults, and losses in title operations present notable challenges.Company Guidance
During Essent Group Limited's fourth-quarter earnings call for fiscal year 2024, several key metrics and guidance were provided. The company reported a net income of $168 million for the quarter, with a diluted earnings per share of $1.58. For the full year, net income was $729 million, translating to $6.85 per diluted share, and the return on average equity stood at 14%. As of December 31, 2024, the book value per share was $53.36, an 11% increase from the previous year. Mortgage insurance in force reached $244 billion, reflecting a 2% year-over-year increase. The persistency rate was 86%, with strong credit quality indicated by a weighted average FICO score of 746 and an LTV of 93%. The company highlighted a competitive mortgage industry landscape with a combined ratio target of 35% to 45% for new business. Essent also increased its quarterly dividend by 11% to $0.31 per share and authorized a $500 million share repurchase program through 2026. The PMIERs sufficiency ratio was a robust 178%, with $1.6 billion in excess available assets, indicating a strong capital position.Increased Book Value Per Share
Essent Group's book value per share increased by 11% from a year ago, reaching $53.36 as of December 31, 2024.
Strong Persistency and Investment Income
Despite a slight decrease in persistency from last quarter, Essent Group maintained a high persistency rate of 86% and saw a 20% increase in net investment income.
Improved Capital Position
Essent Group announced a new $500 million share repurchase authorization and an 11% increase in the quarterly dividend to $0.31 per share, indicating strong financial health.
Successful Reinsurance Transactions
The company entered into two quota share transactions to provide forward protection for 2025 and 2026 business, with approximately 97% of the portfolio covered by reinsurance.
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ESNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $57.91 | $56.41 | -2.59% |
| Nov 01, 2024 | $59.72 | $53.51 | -10.40% |
| Aug 02, 2024 | $60.68 | $59.40 | -2.11% |
| May 03, 2024 | $53.51 | $53.77 | +0.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Essent Group Ltd (ESNT) report earnings?
Essent Group Ltd (ESNT) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Essent Group Ltd (ESNT) earnings time?
Essent Group Ltd (ESNT) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESNT EPS forecast?
ESNT EPS forecast for the fiscal quarter 2025 (Q1) is 1.66.
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