Brokerages expect NMI Holdings Inc (NASDAQ:NMIH) to post sales of $101.91 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NMI’s earnings. The highest sales estimate is $104.11 million and the lowest is $99.70 million. NMI posted sales of $76.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 33.6%. The business is expected to announce its next quarterly earnings report on Tuesday, February 11th.
On average, analysts expect that NMI will report full year sales of $372.65 million for the current year, with estimates ranging from $367.30 million to $377.99 million. For the next fiscal year, analysts forecast that the business will post sales of $458.31 million, with estimates ranging from $448.50 million to $468.12 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for NMI.
NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. NMI had a net margin of 44.92% and a return on equity of 20.63%. The business had revenue of $101.59 million for the quarter, compared to analyst estimates of $94.67 million.
In related news, Chairman Bradley M. Shuster sold 25,625 shares of NMI stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $27.95, for a total transaction of $716,218.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Ozanne sold 5,000 shares of NMI stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $33.81, for a total transaction of $169,050.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 317,622 shares of company stock valued at $9,798,312. 4.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in NMIH. Louisiana State Employees Retirement System grew its stake in shares of NMI by 1.6% in the second quarter. Louisiana State Employees Retirement System now owns 25,200 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 400 shares during the period. Mason Street Advisors LLC grew its stake in shares of NMI by 2.1% in the third quarter. Mason Street Advisors LLC now owns 23,011 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 468 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of NMI by 2.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,340 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 470 shares during the period. Miles Capital Inc. grew its stake in shares of NMI by 6.2% in the second quarter. Miles Capital Inc. now owns 9,482 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 557 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its stake in shares of NMI by 2.8% in the third quarter. Metropolitan Life Insurance Co NY now owns 21,118 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 570 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.
Shares of NASDAQ:NMIH traded up $0.39 on Friday, hitting $32.66. The company had a trading volume of 411,774 shares, compared to its average volume of 439,177. The firm’s 50-day simple moving average is $31.25 and its two-hundred day simple moving average is $28.55. NMI has a 1 year low of $15.62 and a 1 year high of $34.50. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.67 and a beta of 1.30.
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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