$0.42 EPS Expected for NMI Holdings Inc (NMIH) This Quarter

Equities analysts expect NMI Holdings Inc (NASDAQ:NMIH) to announce $0.42 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for NMI’s earnings. NMI reported earnings per share of $0.20 in the same quarter last year, which suggests a positive year-over-year growth rate of 110%. The company is scheduled to report its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that NMI will report full year earnings of $1.55 per share for the current year, with EPS estimates ranging from $1.50 to $1.59. For the next year, analysts forecast that the business will post earnings of $2.21 per share, with EPS estimates ranging from $2.00 to $2.42. Zacks’ EPS averages are an average based on a survey of analysts that follow NMI.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. NMI had a return on equity of 13.46% and a net margin of 25.23%. The company had revenue of $67.45 million for the quarter.

Several equities analysts have recently issued reports on the company. B. Riley lifted their price target on NMI from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Keefe, Bruyette & Woods lowered NMI from an “outperform” rating to a “market perform” rating and set a $23.50 price target on the stock. in a research note on Monday, August 6th. Compass Point reiterated a “buy” rating and issued a $24.00 price target on shares of NMI in a research note on Thursday, August 2nd. Susquehanna Bancshares lifted their price target on NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $24.00 price target on shares of NMI in a research note on Thursday, August 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.28.

Shares of NMIH traded down $0.10 during midday trading on Monday, hitting $22.20. The company’s stock had a trading volume of 231,100 shares, compared to its average volume of 592,188. NMI has a one year low of $10.10 and a one year high of $22.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 39.30 and a beta of 1.12.

In related news, EVP William J. Leatherberry sold 15,800 shares of the firm’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $17.07, for a total transaction of $269,706.00. Following the sale, the executive vice president now owns 147,524 shares of the company’s stock, valued at approximately $2,518,234.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Scheid sold 65,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $21.50, for a total value of $1,397,500.00. Following the sale, the director now directly owns 72,691 shares in the company, valued at approximately $1,562,856.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,310 shares of company stock worth $4,510,665. 5.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Kessler Investment Group LLC acquired a new position in NMI during the 2nd quarter worth about $133,000. Waterstone Capital Management L.P. acquired a new position in NMI during the 1st quarter worth about $2,223,000. Schwab Charles Investment Management Inc. lifted its holdings in NMI by 8.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 284,624 shares of the financial services provider’s stock worth $4,711,000 after buying an additional 23,189 shares during the period. Principal Financial Group Inc. lifted its holdings in NMI by 13.1% during the 1st quarter. Principal Financial Group Inc. now owns 488,580 shares of the financial services provider’s stock worth $8,086,000 after buying an additional 56,467 shares during the period. Finally, Bank of Montreal Can acquired a new position in NMI during the 2nd quarter worth about $2,170,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

About NMI

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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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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