Enact Holdings, Inc. (ACT) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.10 per share a year ago.
Enact Holdings (ACT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Enact Holdings, a mortgage insurance company, has outperformed the S&P 500 index over a two-year period in spite of low mortgage originations. However, the pace of gains has slowed, and the companies competing in the mortgage insurance sector all appear fairly valued at this time. Enact has shareholder-friendly management with a growing dividend and share repurchases, however opportunity for organic appreciation in the shares may be limited in the near term.
Enact Holdings (ACT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Five stocks with recent dividend hike are: ACT, SEIC, NTAP, RY, DCI.