$0.60 EPS Expected for NMI Holdings Inc (NASDAQ:NMIH) This Quarter

Analysts expect NMI Holdings Inc (NASDAQ:NMIH) to post $0.60 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NMI’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.58. NMI posted earnings of $0.46 per share during the same quarter last year, which suggests a positive year over year growth rate of 30.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 6th.

On average, analysts expect that NMI will report full year earnings of $2.40 per share for the current year, with EPS estimates ranging from $2.35 to $2.47. For the next fiscal year, analysts expect that the business will post earnings of $2.99 per share, with EPS estimates ranging from $2.85 to $3.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover NMI.

NMI (NASDAQ:NMIH) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. NMI had a net margin of 41.31% and a return on equity of 19.65%. The firm had revenue of $91.18 million for the quarter, compared to analysts’ expectations of $85.11 million.

NMIH has been the topic of a number of analyst reports. Zacks Investment Research cut shares of NMI from a “hold” rating to a “sell” rating in a research note on Saturday. BTIG Research set a $36.00 price target on shares of NMI and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BidaskClub cut shares of NMI from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Zelman & Associates upgraded shares of NMI from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine cut shares of NMI from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. NMI presently has an average rating of “Buy” and a consensus price target of $31.00.

In other NMI news, insider Bradley M. Shuster sold 38,125 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $28.01, for a total transaction of $1,067,881.25. Following the transaction, the insider now owns 604,420 shares in the company, valued at approximately $16,929,804.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 22,982 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $27.00, for a total transaction of $620,514.00. Following the transaction, the chairman now owns 515,284 shares in the company, valued at approximately $13,912,668. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,818 shares of company stock worth $3,434,097. 4.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in NMI by 1.5% during the 2nd quarter. BlackRock Inc. now owns 9,752,543 shares of the financial services provider’s stock valued at $276,876,000 after acquiring an additional 143,075 shares during the period. Vanguard Group Inc. increased its position in shares of NMI by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,354,901 shares of the financial services provider’s stock valued at $152,025,000 after purchasing an additional 128,263 shares during the last quarter. FMR LLC increased its position in shares of NMI by 44.8% during the 1st quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock valued at $64,702,000 after purchasing an additional 773,781 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of NMI during the 2nd quarter valued at about $37,045,000. Finally, Carillon Tower Advisers Inc. purchased a new stake in shares of NMI during the 2nd quarter valued at about $31,831,000. Institutional investors and hedge funds own 90.75% of the company’s stock.

NMI stock traded down $0.17 during mid-day trading on Friday, reaching $27.82. The stock had a trading volume of 351,686 shares, compared to its average volume of 369,674. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.76 and a beta of 1.23. The company has a 50-day moving average price of $27.40 and a two-hundred day moving average price of $27.55. NMI has a one year low of $15.62 and a one year high of $31.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.43 and a quick ratio of 0.43.

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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