Before today's market open, the Bermuda-based mortgage insurance company reported earnings of 48 cents per diluted share, beating analysts' expectations by one cent.
Revenue for the period was $97.48 million, which surpassed Wall Street's estimates of $96.3 million.
"2015 was another successful year for Essent, as we continue to grow a high-quality and profitable mortgage insurance portfolio," CEO Mark Casale said in a statement this morning.
"Not only did we grow net income 78% year over year, we also generated a return on average equity of over 15% for our shareholders in 2015," he added.
About 2.22 million of the company's shares were traded today, well above its average volume of 693,625 shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins.
As a counter to these strengths, the team finds that the stock has had a generally disappointing performance in the past year.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author
You can view the full analysis from the report here: ESNT