$0.48 EPS Expected for NMI Holdings Inc (NMIH) This Quarter

Analysts expect NMI Holdings Inc (NASDAQ:NMIH) to report earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for NMI’s earnings. NMI posted earnings of $0.22 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 118.2%. The company is expected to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that NMI will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.50 to $1.55. For the next fiscal year, analysts anticipate that the company will report earnings of $2.24 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for NMI.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. NMI had a net margin of 27.89% and a return on equity of 15.86%. The company had revenue of $71.76 million during the quarter.

Several equities analysts recently commented on NMIH shares. Susquehanna Bancshares increased their price objective on shares of NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of NMI from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, July 17th. Compass Point reissued a “buy” rating and issued a $24.00 price objective on shares of NMI in a research note on Thursday, August 2nd. BidaskClub raised shares of NMI from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 31st. Finally, B. Riley increased their price objective on shares of NMI from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.89.

In other NMI news, President Claudia J. Merkle sold 76,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $21.26, for a total value of $1,615,760.00. Following the completion of the transaction, the president now directly owns 162,195 shares in the company, valued at approximately $3,448,265.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley M. Shuster sold 81,972 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $21.24, for a total transaction of $1,741,085.28. Following the completion of the transaction, the chief executive officer now owns 643,056 shares of the company’s stock, valued at $13,658,509.44. The disclosure for this sale can be found here. In the last three months, insiders sold 351,720 shares of company stock valued at $7,641,161. 5.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glen Harbor Capital Management LLC increased its position in NMI by 70.0% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 2,618 shares during the period. Itau Unibanco Holding S.A. acquired a new position in NMI in the 2nd quarter valued at approximately $129,000. Kessler Investment Group LLC acquired a new position in NMI in the 2nd quarter valued at approximately $133,000. Nisa Investment Advisors LLC acquired a new position in NMI in the 2nd quarter valued at approximately $144,000. Finally, Meadow Creek Investment Management LLC increased its position in NMI by 70.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 9,826 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 4,046 shares during the period. Hedge funds and other institutional investors own 90.44% of the company’s stock.

Shares of NMI stock traded up $0.58 on Friday, reaching $21.84. 188,351 shares of the stock were exchanged, compared to its average volume of 332,914. NMI has a one year low of $13.35 and a one year high of $24.50. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.40 billion, a PE ratio of 38.32 and a beta of 1.10.

NMI Company Profile

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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