NMI Holdings Inc (NMIH) Posts Earnings Results, Beats Expectations By $0.06 EPS

NMI Holdings Inc (NASDAQ:NMIH) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06, Bloomberg Earnings reports. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The business had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 37.8% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. Deutsche Bank AG set a $16.00 price objective on shares of NMI Holdings and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Saturday, October 14th. Compass Point restated a “neutral” rating and set a $13.00 price objective on shares of NMI Holdings in a report on Saturday, October 14th. Singular Research assumed coverage on shares of NMI Holdings in a report on Monday, October 16th. They set a “buy” rating and a $16.00 price objective on the stock. Finally, BidaskClub upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.00.

In other NMI Holdings news, EVP William J. Leatherberry acquired 5,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average price of $10.65 per share, for a total transaction of $53,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley M. Shuster sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.77, for a total transaction of $353,100.00. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

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About NMI Holdings

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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