NMI Holdings Inc Forecasted to Post Q1 2021 Earnings of $0.90 Per Share (NASDAQ:NMIH)

NMI Holdings Inc (NASDAQ:NMIH) – Equities researchers at SunTrust Banks issued their Q1 2021 earnings per share estimates for shares of NMI in a note issued to investors on Tuesday, February 11th. SunTrust Banks analyst M. Hughes expects that the financial services provider will post earnings of $0.90 per share for the quarter. SunTrust Banks also issued estimates for NMI’s Q2 2021 earnings at $0.88 EPS and Q3 2021 earnings at $0.90 EPS.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, February 11th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $104.11 million. NMI had a net margin of 44.92% and a return on equity of 20.63%.

A number of other equities research analysts have also recently issued reports on NMIH. ValuEngine upgraded shares of NMI from a “strong sell” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded shares of NMI from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. cut shares of NMI from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $36.50 in a research report on Wednesday. Credit Suisse Group reiterated a “hold” rating and set a $33.00 target price on shares of NMI in a research report on Sunday, November 24th. Finally, Compass Point cut shares of NMI from a “buy” rating to a “neutral” rating and increased their target price for the stock from $38.00 to $39.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. NMI currently has a consensus rating of “Buy” and an average target price of $35.83.

Shares of NMI stock traded down $0.35 during mid-day trading on Friday, reaching $28.98. 71,143 shares of the stock were exchanged, compared to its average volume of 622,438. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 13.23 and a beta of 1.22. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $32.77 and a 200 day simple moving average of $30.31. NMI has a fifty-two week low of $22.06 and a fifty-two week high of $35.79.

In related news, Chairman Bradley M. Shuster sold 76,875 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $33.01, for a total transaction of $2,537,643.75. Following the completion of the sale, the chairman now owns 569,177 shares of the company’s stock, valued at $18,788,532.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Claudia J. Merkle sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $33.58, for a total transaction of $402,960.00. Following the sale, the chief executive officer now directly owns 122,156 shares of the company’s stock, valued at approximately $4,101,998.48. The disclosure for this sale can be found here. Insiders sold a total of 198,046 shares of company stock valued at $6,552,296 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of NMIH. Tower Research Capital LLC TRC acquired a new stake in NMI during the 3rd quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new stake in shares of NMI in the 4th quarter valued at approximately $33,000. Toronto Dominion Bank bought a new stake in shares of NMI in the 4th quarter valued at approximately $33,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of NMI in the 2nd quarter valued at approximately $34,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NMI by 15.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,405 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 604 shares during the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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