Analysts predict that NMI Holdings Inc (NASDAQ:NMIH) will post earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for NMI’s earnings. NMI reported earnings of $0.15 per share during the same quarter last year, which would suggest a positive year over year growth rate of 26.7%. The firm is scheduled to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that NMI will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.58. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $1.00 to $1.17. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover NMI.

NMI (NASDAQ:NMIH) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million during the quarter, compared to analyst estimates of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. NMI’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS.

Several research analysts have recently weighed in on NMIH shares. Compass Point lowered NMI from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Tuesday, August 8th. BidaskClub raised NMI from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised NMI from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $13.00 price objective on shares of NMI in a research report on Thursday, August 31st. Finally, ValuEngine raised NMI from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.93.

NMI (NMIH) traded up $0.55 during mid-day trading on Tuesday, hitting $17.70. The stock had a trading volume of 1,361,600 shares, compared to its average volume of 550,404. NMI has a 1 year low of $8.75 and a 1 year high of $17.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $1,029.57, a price-to-earnings ratio of 30.09 and a beta of 0.84.

In other news, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total value of $277,718.00. Following the transaction, the vice president now owns 32,305 shares in the company, valued at approximately $540,462.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Patrick L. Mathis sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP boosted its stake in shares of NMI by 34.7% in the 3rd quarter. GSA Capital Partners LLP now owns 173,486 shares of the financial services provider’s stock worth $2,151,000 after buying an additional 44,674 shares during the last quarter. Algert Global LLC purchased a new position in shares of NMI in the 3rd quarter worth approximately $179,000. Sterling Capital Management LLC raised its holdings in shares of NMI by 31.8% in the 3rd quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 7,987 shares during the period. California Public Employees Retirement System raised its holdings in shares of NMI by 26.8% in the 3rd quarter. California Public Employees Retirement System now owns 43,606 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 9,206 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of NMI by 21.6% in the 3rd quarter. Royce & Associates LP now owns 299,751 shares of the financial services provider’s stock worth $3,717,000 after purchasing an additional 53,270 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.

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NMI 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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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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