NMI (NASDAQ:NMIH – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
NMI (NASDAQ:NMIH – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $151.38 million for the quarter, compared to the consensus estimate of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. NMI’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. On average, analysts expect NMI to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
NMI Stock Performance
Shares of NMI stock opened at $31.11 on Friday. The stock’s fifty day moving average is $30.32 and its two-hundred day moving average is $29.38. The company has a market capitalization of $2.51 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21. NMI has a 52 week low of $22.28 and a 52 week high of $32.50.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
NMIH has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Keefe, Bruyette & Woods upped their target price on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada upped their target price on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Finally, Truist Financial upped their target price on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.44.
View Our Latest Stock Analysis on NMIH
NMI Company Profile
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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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