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

On average, analysts expect that NMI will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.55. For the next financial year, analysts expect that the company will post earnings of $2.24 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks’ EPS calculations are an average based on a survey of research firms that follow NMI.

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

NMIH has been the topic of several recent analyst reports. BidaskClub lowered NMI from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Zacks Investment Research raised NMI from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, July 17th. Royal Bank of Canada reissued a “buy” rating and issued a $24.00 price target on shares of NMI in a research note on Thursday, August 2nd. Susquehanna Bancshares boosted their price target on 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 reissued a “buy” rating and issued a $24.00 price target on shares of NMI in a research note on Thursday, August 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. NMI currently has a consensus rating of “Buy” and a consensus target price of $24.89.

Shares of NMI stock traded down $1.39 during midday trading on Friday, reaching $20.45. The company had a trading volume of 502,766 shares, compared to its average volume of 328,814. NMI has a fifty-two week low of $13.35 and a fifty-two week 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 0.29. The firm has a market cap of $1.41 billion, a P/E ratio of 35.88 and a beta of 1.10.

In other news, EVP William J. Leatherberry sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $21.80, for a total transaction of $981,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James G. Jones sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $22.14, for a total value of $398,520.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 351,720 shares of company stock worth $7,641,161. Insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its holdings in shares of NMI by 70.0% during the second quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 2,618 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NMI during the second quarter valued at approximately $129,000. Kessler Investment Group LLC bought a new stake in shares of NMI during the second quarter valued at approximately $133,000. Nisa Investment Advisors LLC bought a new stake in shares of NMI during the second quarter valued at approximately $144,000. Finally, Meadow Creek Investment Management LLC increased its holdings in shares of NMI by 70.0% during the second quarter. Meadow Creek Investment Management LLC now owns 9,826 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 4,046 shares in the last quarter. Hedge funds and other institutional investors own 90.44% 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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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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