NMI Holdings Inc (NMIH) to Release Quarterly Earnings on Wednesday
NMI Holdings Inc (NASDAQ:NMIH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
NMI Holdings (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The business had revenue of $42.20 million during the quarter, compared to the consensus estimate of $41.13 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 43.1% on a year-over-year basis. On average, analysts expect NMI Holdings to post $0.5 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
Shares of NMI Holdings Inc (NMIH) opened at 14.625 on Wednesday. The firm has a market cap of $875.48 million, a P/E ratio of 11.635 and a beta of 0.69. The firm’s 50-day moving average price is $12.21 and its 200 day moving average price is $11.62. NMI Holdings Inc has a one year low of $7.50 and a one year high of $14.85.
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In other news, CEO Bradley M. Shuster sold 30,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $11.79, for a total transaction of $353,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William J. Leatherberry acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. Insiders have sold a total of 149,227 shares of company stock valued at $1,760,571 in the last quarter. 5.40% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on NMIH. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods upgraded NMI Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 5th. Zacks Investment Research upgraded NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research note on Saturday, October 14th. Compass Point restated a “neutral” rating and issued a $13.00 price objective on shares of NMI Holdings in a research note on Saturday, October 14th. Finally, Deutsche Bank AG set a $15.00 price objective on NMI Holdings and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $13.86.
NMI Holdings Company Profile
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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