$0.17 EPS Expected for NMI Holdings Inc (NMIH) This Quarter

Wall Street analysts expect NMI Holdings Inc (NASDAQ:NMIH) to report earnings per share (EPS) of $0.17 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for NMI’s earnings. NMI posted earnings per share of $0.15 in the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that NMI will report full year earnings of $0.55 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.30 to $1.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow NMI.

Several brokerages have commented on NMIH. B. Riley restated a “buy” rating on shares of NMI in a research note on Monday, November 6th. BidaskClub upgraded NMI from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Compass Point restated a “neutral” rating and issued a $13.00 target price on shares of NMI in a research note on Saturday, October 14th. Finally, Deutsche Bank downgraded NMI from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, November 3rd. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. NMI has an average rating of “Buy” and an average price target of $19.07.

Shares of NMI (NMIH) traded up $0.15 during midday trading on Friday, reaching $18.20. The company’s stock had a trading volume of 408,734 shares, compared to its average volume of 487,837. NMI has a fifty-two week low of $10.10 and a fifty-two week high of $20.38. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market cap of $1,092.60, a P/E ratio of 13.00 and a beta of 0.88.

In other news, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Claudia J. Merkle sold 15,000 shares of NMI stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NMIH. BlackRock Inc. boosted its position in shares of NMI by 82.9% during the 4th quarter. BlackRock Inc. now owns 7,192,807 shares of the financial services provider’s stock valued at $122,278,000 after acquiring an additional 3,260,761 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NMI by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock valued at $27,996,000 after acquiring an additional 446,918 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of NMI by 173.4% during the 4th quarter. Bank of New York Mellon Corp now owns 672,977 shares of the financial services provider’s stock valued at $11,441,000 after acquiring an additional 426,860 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of NMI during the 4th quarter valued at about $6,698,000. Finally, Vanguard Group Inc. boosted its position in shares of NMI by 10.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock valued at $29,421,000 after acquiring an additional 239,387 shares during the last quarter. Hedge funds and other institutional investors own 83.60% 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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