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.
TRADEMARK VIOLATION WARNING: “NMI Holdings Inc (NMIH) Posts Earnings Results, Beats Expectations By $0.06 EPS” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2017/11/01/nmi-holdings-inc-nmih-posts-earnings-results-beats-expectations-by-0-06-eps.html.
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).
What are top analysts saying about NMI Holdings Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NMI Holdings Inc and related companies.