Analysts expect that NMI Holdings Inc (NASDAQ:NMIH) will post earnings per share of $0.31 for the current quarter, Zacks reports. Zero analysts have provided estimates for NMI’s earnings. NMI posted earnings of $0.12 per share during the same quarter last year, which would suggest a positive year over year growth rate of 158.3%. The firm is expected to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that NMI will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.43. For the next financial year, analysts forecast that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.70 to $2.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow NMI.
NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.05. NMI had a return on equity of 7.94% and a net margin of 12.07%. The firm had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $51.32 million. During the same period in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was up 48.9% on a year-over-year basis.
In other NMI news, COO Claudia J. Merkle sold 15,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Macquarie Group Ltd. purchased a new stake in NMI in the 3rd quarter valued at $113,000. First Mercantile Trust Co. acquired a new position in shares of NMI in the 4th quarter valued at $136,000. Citadel Advisors LLC acquired a new position in shares of NMI in the 3rd quarter valued at $141,000. Legal & General Group Plc lifted its stake in shares of NMI by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,047 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of NMI in the 3rd quarter valued at $156,000. Institutional investors own 84.21% of the company’s stock.
Shares of NMI (NASDAQ:NMIH) traded up $1.55 on Friday, hitting $20.55. The company had a trading volume of 1,405,571 shares, compared to its average volume of 468,824. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24. NMI has a 52-week low of $10.10 and a 52-week high of $21.00. The stock has a market capitalization of $1,233.68, a PE ratio of 57.08 and a beta of 0.88.
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NMI 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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