NMI Holdings Inc (NASDAQ:NMIH) Expected to Announce Earnings of $0.44 Per Share

Wall Street analysts expect NMI Holdings Inc (NASDAQ:NMIH) to announce $0.44 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 $0.59 and the lowest estimate coming in at $0.29. NMI reported earnings per share of $0.59 during the same quarter last year, which would indicate a negative year over year growth rate of 25.4%. The company is expected to issue its next quarterly earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that NMI will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $2.63. For the next financial year, analysts expect that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.25 to $2.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover NMI.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. NMI had a return on equity of 21.90% and a net margin of 48.69%. The firm had revenue of $107.60 million for the quarter, compared to analyst estimates of $106.08 million. NMI’s quarterly revenue was up 32.7% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of NMI from a “sell” rating to a “hold” rating in a research note on Friday, May 8th. TheStreet downgraded NMI from a “b-” rating to a “c+” rating in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods cut NMI from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research report on Tuesday, June 9th. Zacks Investment Research upgraded NMI from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of NMI in a report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.63.

A number of institutional investors have recently modified their holdings of the business. Credit Suisse AG boosted its position in shares of NMI by 24.2% during the 4th quarter. Credit Suisse AG now owns 86,840 shares of the financial services provider’s stock valued at $2,881,000 after purchasing an additional 16,893 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of NMI by 56.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 26,295 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 9,437 shares in the last quarter. Algert Global LLC lifted its stake in NMI by 53.3% during the fourth quarter. Algert Global LLC now owns 29,816 shares of the financial services provider’s stock valued at $989,000 after purchasing an additional 10,370 shares during the last quarter. IndexIQ Advisors LLC acquired a new position in NMI in the first quarter worth approximately $169,000. Finally, Nuveen Asset Management LLC grew its position in NMI by 2.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,316,231 shares of the financial services provider’s stock worth $43,673,000 after buying an additional 31,327 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Shares of NMIH stock traded down $1.36 during trading hours on Friday, reaching $14.84. The stock had a trading volume of 3,182,474 shares, compared to its average volume of 2,169,209. The firm has a market capitalization of $1.12 billion, a PE ratio of 5.50 and a beta of 1.91. The firm has a 50-day simple moving average of $15.78 and a 200-day simple moving average of $22.30. NMI has a twelve month low of $8.06 and a twelve month high of $35.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

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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