NMI Holdings Inc (NMIH) Expected to Post Earnings of $0.48 Per Share

Brokerages expect that NMI Holdings Inc (NASDAQ:NMIH) will report earnings per share (EPS) of $0.48 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for NMI’s earnings. NMI posted earnings per share of $0.22 during the same quarter last year, which would indicate a positive year-over-year growth rate of 118.2%. The firm is expected to announce its next earnings results on Thursday, February 21st.

On average, analysts expect that NMI will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.55. For the next fiscal year, analysts expect that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that cover NMI.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $71.76 million during the quarter. NMI had a net margin of 27.89% and a return on equity of 15.86%.

NMIH has been the subject of several recent analyst reports. Zacks Investment Research cut shares of NMI from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. BidaskClub cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Royal Bank of Canada reaffirmed a “buy” rating and set a $24.00 price objective on shares of NMI in a research note on Thursday, August 2nd. Susquehanna Bancshares boosted their price objective on shares of NMI from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Compass Point reiterated a “buy” rating and set a $24.00 target price on shares of NMI in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.39.

Shares of NASDAQ:NMIH opened at $20.31 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 35.63 and a beta of 1.10. NMI has a 12 month low of $13.35 and a 12 month high of $24.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.27.

In other NMI news, EVP William J. Leatherberry sold 45,000 shares of NMI stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $21.80, for a total transaction of $981,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Scheid sold 65,000 shares of NMI stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $21.50, for a total transaction of $1,397,500.00. Following the sale, the director now owns 72,691 shares of the company’s stock, valued at $1,562,856.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 416,720 shares of company stock valued at $9,038,661. 5.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in NMIH. BlackRock Inc. lifted its position in NMI by 9.3% during the second quarter. BlackRock Inc. now owns 8,429,259 shares of the financial services provider’s stock valued at $137,398,000 after purchasing an additional 717,539 shares during the last quarter. Boston Partners bought a new stake in NMI during the second quarter valued at approximately $10,654,000. Wells Fargo & Company MN lifted its holdings in shares of NMI by 123.7% in the 2nd quarter. Wells Fargo & Company MN now owns 849,619 shares of the financial services provider’s stock worth $13,849,000 after acquiring an additional 469,850 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of NMI by 277.5% in the 1st quarter. Millennium Management LLC now owns 419,719 shares of the financial services provider’s stock worth $6,946,000 after acquiring an additional 308,530 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of NMI by 379.6% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 361,308 shares of the financial services provider’s stock worth $5,889,000 after acquiring an additional 285,968 shares during the last quarter. Institutional investors and hedge funds own 90.59% of the company’s stock.

About NMI

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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