NMI Holdings Inc (NMIH) to Release Earnings on Wednesday

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.

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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).

Earnings History for NMI Holdings (NASDAQ:NMIH)

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