FY2018 EPS Estimates for NMI Holdings (NMIH) Decreased by B. Riley

NMI Holdings (NASDAQ:NMIH) – Equities researchers at B. Riley reduced their FY2018 earnings estimates for shares of NMI in a research report issued on Tuesday, April 10th. B. Riley analyst R. Binner now forecasts that the financial services provider will post earnings of $1.35 per share for the year, down from their previous estimate of $1.40. B. Riley currently has a “Buy” rating and a $23.00 price target on the stock.

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NMIH has been the topic of a number of other reports. BidaskClub raised NMI from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th. Zacks Investment Research cut NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price objective on shares of NMI in a research report on Tuesday. Susquehanna Bancshares assumed coverage on NMI in a research report on Tuesday, February 20th. They set a “positive” rating and a $26.00 price objective on the stock. Finally, ValuEngine raised NMI from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. NMI presently has a consensus rating of “Buy” and a consensus target price of $20.63.

NMIH stock opened at $14.30 on Thursday. NMI has a twelve month low of $10.10 and a twelve month high of $21.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $899.01, a PE ratio of 21.56 and a beta of 0.87.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, February 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $54.54 million for the quarter, compared to analysts’ expectations of $51.32 million. NMI had a return on equity of 7.89% and a net margin of 12.07%. The business’s revenue for the quarter was up 48.9% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in NMI by 82.9% in the 4th quarter. BlackRock Inc. now owns 7,192,807 shares of the financial services provider’s stock worth $122,278,000 after purchasing an additional 3,260,761 shares in the last quarter. Deutsche Bank AG lifted its holdings in NMI by 954.5% in the 4th quarter. Deutsche Bank AG now owns 573,136 shares of the financial services provider’s stock worth $9,741,000 after purchasing an additional 518,786 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in NMI by 173.4% in the 4th quarter. Bank of New York Mellon Corp now owns 672,977 shares of the financial services provider’s stock worth $11,441,000 after purchasing an additional 426,860 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in NMI in the 4th quarter worth approximately $6,698,000. Finally, Dimensional Fund Advisors LP lifted its holdings in NMI by 15.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,446 shares of the financial services provider’s stock worth $34,875,000 after purchasing an additional 367,394 shares in the last quarter. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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