NMI Holdings Inc (NASDAQ:NMIH) Expected to Post Quarterly Sales of $101.91 Million

Wall Street analysts forecast that NMI Holdings Inc (NASDAQ:NMIH) will post $101.91 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NMI’s earnings, with estimates ranging from $99.70 million to $104.11 million. NMI reported sales of $76.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 33.6%. The firm is expected to issue its next earnings report after the market closes 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 report sales of $458.31 million, with estimates ranging from $448.50 million to $468.12 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover NMI.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.09. The firm had revenue of $101.59 million for the quarter, compared to the consensus estimate of $94.67 million. NMI had a return on equity of 20.63% and a net margin of 44.92%.

NMIH has been the topic of several analyst reports. Zacks Investment Research downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday. B. Riley boosted their target price on NMI from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Credit Suisse Group reissued a “hold” rating and set a $33.00 target price on shares of NMI in a research report on Sunday, November 24th. ValuEngine downgraded NMI from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, BidaskClub downgraded NMI from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of NASDAQ NMIH traded up $0.08 during trading hours on Monday, hitting $32.86. 11,854 shares of the company traded hands, compared to its average volume of 551,710. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 19.75 and a beta of 1.29. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average price is $33.20 and its 200 day moving average price is $29.57. NMI has a 12 month low of $19.48 and a 12 month high of $35.79.

In related news, EVP William J. Leatherberry sold 27,981 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.74, for a total transaction of $916,097.94. Following the transaction, the executive vice president now owns 169,723 shares in the company, valued at $5,556,731.02. 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 25,625 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $32.24, for a total transaction of $826,150.00. Following the transaction, the chairman now owns 517,927 shares in the company, valued at approximately $16,697,966.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 405,301 shares of company stock valued at $13,100,179. 4.20% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in shares of NMI during the fourth quarter valued at approximately $33,000. Tower Research Capital LLC TRC acquired a new position in NMI in the third quarter worth approximately $27,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in NMI in the second quarter worth approximately $34,000. Point72 Hong Kong Ltd acquired a new position in NMI in the second quarter worth approximately $83,000. Finally, Point72 Asset Management L.P. acquired a new position in NMI in the second quarter worth approximately $94,000. Institutional investors and hedge funds own 90.26% 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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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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