Wall Street analysts expect NMI Holdings Inc (NASDAQ:NMIH) to announce earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NMI’s earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.69. NMI reported earnings per share of $0.46 during the same quarter last year, which suggests a positive year over year growth rate of 50%. The company is scheduled to report its next earnings report on Tuesday, February 11th.
On average, analysts expect that NMI will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.13 per share, with EPS estimates ranging from $3.00 to $3.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow NMI.
NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.09. The firm had revenue of $101.59 million during the quarter, compared to analysts’ expectations of $94.67 million. NMI had a net margin of 44.92% and a return on equity of 20.63%.
Shares of NMIH stock traded up $0.39 during trading on Wednesday, reaching $32.66. The company’s stock had a trading volume of 411,774 shares, compared to its average volume of 439,177. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.48 and a quick ratio of 0.48. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.67 and a beta of 1.30. The stock’s 50-day moving average price is $31.25 and its 200 day moving average price is $28.55. NMI has a 1-year low of $15.62 and a 1-year high of $34.50.
In related news, Director James Ozanne sold 5,000 shares of NMI stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $33.81, for a total value of $169,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bradley M. Shuster sold 25,625 shares of NMI stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $27.95, for a total transaction of $716,218.75. The disclosure for this sale can be found here. Insiders sold 317,622 shares of company stock valued at $9,798,312 in the last quarter. 4.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of NMIH. Eagle Asset Management Inc. purchased a new stake in shares of NMI during the 2nd quarter worth approximately $37,045,000. Carillon Tower Advisers Inc. acquired a new position in shares of NMI in the 2nd quarter valued at $31,831,000. Nuveen Asset Management LLC acquired a new position in shares of NMI in the 2nd quarter valued at $23,048,000. Boston Partners increased its holdings in shares of NMI by 57.9% in the 3rd quarter. Boston Partners now owns 1,249,474 shares of the financial services provider’s stock valued at $33,178,000 after acquiring an additional 458,119 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of NMI by 45.2% in the 2nd quarter. APG Asset Management N.V. now owns 644,100 shares of the financial services provider’s stock valued at $16,057,000 after acquiring an additional 200,400 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.
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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