Essent Group Ltd. (NYSE:ESNT) traded at $35.68 at last check on Monday, Jun 29, making an upward move of 4.24% on its previous day’s price.
Looking at the stock we see that its previous close was $34.23 and the beta (5Y monthly) reads 1.5 with the day’s price range being $34.37 – 36.46. The company has a 12-month trailing PE ratio of 6.07. In terms of its 52-week price range, ESNT has a high of $55.84 and a low of $17.52. The company’s stock has gained about 7.96% over that past 30 days.
Essent has a market cap of $4.01 Billion and is expected to release its quarterly earnings report on Jul 31, 2020- Aug 04, 2020. With its Forward Dividend at 0.64 and a yield of 1.74%, the company’s investors could be anxious for the ESNT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.59, with the EPS growth for the year declined at $3.84 for 2020 and $4.9 for next year. These figures represent -0.32% and at 0.28% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the ESNT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Let’s briefly compare Essent (ESNT) stock to its peers. We find that today’s price change of +4.24% and -24.07% over the past 12 months for ESNT betters that of Lendingtree Inc (TREE), which has seen its stock price rise 0.91% in the latest trading session and is -35.06% over the last one year. Another of its peers Pennymac Financial Services IN (PFSI) has dropped -3.27% today, and is +84.27% up over the past year, while Walker & Dunlop (WD) is also up 4.24% yet its price remains in the red at -24.07% over the same period. Lendingtree has a P/E ratio of 68.48 compared to Essent’s 6.07 and Pennymac’s 5.09. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Essent Group Ltd. (NYSE:ESNT), we note that the average 3-month trading volume was 1.98 Million, while that of the preceding 10-day period stands at 1.59 Million. Current shares outstanding are 112.42 Million.
According to data from Thomson Reuters, insiders hold 2.62% of the company’s shares while institutions hold 96.04%. The data shows that short shares as of June 14, 2020, stood at 3.89 Million at a short ratio of 1.25. This represents a 3.46% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 2.76 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -31.37% down in year-to-date price movement.