NMI (NMIH) Scheduled to Post Quarterly Earnings on Tuesday

NMI (NASDAQ:NMIH) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect NMI to post earnings of $0.96 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. The firm had revenue of $151.38 million for the quarter, compared to analyst estimates of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. NMI’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts expect NMI to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NMI Stock Performance

NMI stock opened at $30.48 on Tuesday. The stock’s 50 day moving average price is $30.23 and its 200 day moving average price is $29.29. The firm has a market capitalization of $2.46 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. NMI has a one year low of $22.22 and a one year high of $32.50.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Truist Financial boosted their price target on NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price target on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.44.

Insider Activity

In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the sale, the executive vice president now owns 32,909 shares in the company, valued at $985,624.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at $985,624.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nicholas Daniel Realmuto sold 1,249 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $30.23, for a total value of $37,757.27. Following the sale, the vice president now directly owns 10,455 shares in the company, valued at $316,054.65. The disclosure for this sale can be found here. Insiders sold a total of 145,158 shares of company stock worth $4,395,582 over the last 90 days. 2.40% of the stock is currently owned by company insiders.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.