Equities analysts expect NMI Holdings Inc (NASDAQ:NMIH) to report earnings per share of $0.70 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for NMI’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.71. NMI posted earnings per share of $0.46 during the same quarter last year, which would indicate a positive year over year growth rate of 52.2%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 11th.
According to Zacks, analysts expect that NMI will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.54 to $2.57. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.17 per share, with EPS estimates ranging from $3.00 to $3.35. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover NMI.
NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.09. The business had revenue of $101.59 million during the quarter, compared to analyst estimates of $94.67 million. NMI had a return on equity of 20.63% and a net margin of 44.92%.
Several equities analysts have issued reports on NMIH shares. BidaskClub downgraded NMI from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. B. Riley boosted their target price on NMI from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Credit Suisse Group restated a “hold” rating and set a $33.00 target price on shares of NMI in a research report on Sunday, November 24th. Zacks Investment Research cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine cut NMI from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. NMI presently has a consensus rating of “Hold” and an average price target of $34.00.
In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $34.31, for a total value of $102,930.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bradley M. Shuster sold 25,625 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $32.24, for a total value of $826,150.00. Following the completion of the transaction, the chairman now directly owns 517,927 shares of the company’s stock, valued at $16,697,966.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 405,301 shares of company stock valued at $13,100,179. Insiders own 4.20% of the company’s stock.
Several institutional investors have recently modified their holdings of NMIH. Tower Research Capital LLC TRC bought a new stake in shares of NMI in the third quarter valued at about $27,000. FNY Investment Advisers LLC bought a new stake in shares of NMI in the fourth quarter valued at about $33,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of NMI in the second quarter valued at about $34,000. Point72 Hong Kong Ltd bought a new stake in NMI during the second quarter worth about $83,000. Finally, Point72 Asset Management L.P. bought a new stake in NMI during the second quarter worth about $94,000. Institutional investors own 90.26% of the company’s stock.
Shares of NMI stock traded up $0.12 during midday trading on Friday, hitting $32.90. 12,484 shares of the company were exchanged, compared to its average volume of 551,710. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $2.23 billion, a P/E ratio of 19.75 and a beta of 1.29. NMI has a 52 week low of $19.48 and a 52 week high of $35.79. The firm has a 50 day simple moving average of $33.20 and a 200-day simple moving average of $29.57.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
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