NMI Holdings Inc (NASDAQ:NMIH) is set to release its Q3 earnings data after the market closes on Wednesday, November 1st. Analysts expect NMI Holdings to post earnings of $0.16 per share for the quarter.
NMI Holdings (NASDAQ:NMIH) last released its 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. The company had revenue of $42.20 million during the quarter, compared to analyst estimates of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. NMI Holdings’s quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. On average, analysts expect NMI Holdings to post $0.510 EPS for the current fiscal year and $1.040 EPS for the next fiscal year.
NMI Holdings Inc (NMIH) opened at 14.525 on Tuesday. The company has a market capitalization of $869.50 million, a price-to-earnings ratio of 11.555 and a beta of 0.69. The stock has a 50 day moving average price of $12.67 and a 200 day moving average price of $11.68. NMI Holdings Inc has a 12-month low of $7.55 and a 12-month high of $14.85.
Several brokerages recently weighed in on NMIH. BidaskClub raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods downgraded shares of NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a research report on Monday, July 17th. Zacks Investment Research raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine raised shares of NMI Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG set a $16.00 target price on shares of NMI Holdings and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given 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 $14.00.
In other news, CEO Bradley M. Shuster sold 89,227 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $11.81, for a total transaction of $1,053,770.87. The sale 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 business’s stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $10.65 per share, with a total value of $53,250.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 149,227 shares of company stock valued at $1,760,571. 5.40% of the stock is currently owned by insiders.
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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