Brokerages forecast that NMI Holdings (NASDAQ:NMIH) will report earnings per share of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for NMI’s earnings. NMI reported earnings of $0.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 220%. The business is scheduled to report its next earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that NMI will report full year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.40 to $1.51. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.85 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for NMI.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $59.55 million for the quarter. NMI had a net margin of 18.96% and a return on equity of 10.27%.

Several research firms recently commented on NMIH. Zacks Investment Research downgraded shares of NMI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 8th. BidaskClub upgraded shares of NMI from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 8th. B. Riley cut their target price on shares of NMI from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, April 10th. ValuEngine upgraded shares of NMI from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Finally, TheStreet upgraded shares of NMI from a “c+” rating to a “b” rating in a research report on Monday, May 14th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $19.67.

Shares of NMI traded up $0.05, hitting $17.55, during midday trading on Monday, Marketbeat Ratings reports. 1,036 shares of the company traded hands, compared to its average volume of 673,378. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.24. NMI has a 12 month low of $10.10 and a 12 month high of $21.92. The firm has a market capitalization of $1.15 billion, a PE ratio of 30.70 and a beta of 0.96.

In other news, SVP Julie Norberg sold 3,162 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $16.58, for a total value of $52,425.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Patrick L. Mathis sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $15.77, for a total transaction of $331,170.00. The disclosure for this sale can be found here. Insiders sold a total of 203,608 shares of company stock worth $3,444,389 in the last 90 days. Corporate insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in shares of NMI in the 4th quarter worth approximately $1,077,000. EAM Investors LLC acquired a new position in shares of NMI in the 4th quarter worth approximately $2,268,000. Pinebridge Investments L.P. acquired a new position in shares of NMI in the 4th quarter worth approximately $469,000. American International Group Inc. lifted its position in shares of NMI by 17.4% in the 4th quarter. American International Group Inc. now owns 44,890 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 6,668 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of NMI by 70.1% in the 4th quarter. Two Sigma Investments LP now owns 208,053 shares of the financial services provider’s stock worth $3,537,000 after purchasing an additional 85,775 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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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