NMI (NMIH) Scheduled to Post Quarterly Earnings on Tuesday

NMI (NASDAQ:NMIH) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. NMI’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts expect NMI to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NMI Stock Performance

NASDAQ NMIH opened at $30.48 on Tuesday. The company has a market cap of $2.46 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50-day moving average of $30.23 and a two-hundred day moving average of $29.29. NMI has a 1-year low of $22.22 and a 1-year high of $32.50.

Insider Activity

In related news, Director James G. Jones sold 54,900 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the completion of the sale, the director now directly owns 57,641 shares of the company’s stock, valued at $1,738,452.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the completion of the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at $985,624.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James G. Jones sold 54,900 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total value of $1,655,784.00. Following the sale, the director now directly owns 57,641 shares of the company’s stock, valued at $1,738,452.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,158 shares of company stock valued at $4,395,582. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NMIH shares. JPMorgan Chase & Co. lifted their target price on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada boosted their price objective on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 15th. Keefe, Bruyette & Woods boosted their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Truist Financial boosted their price objective on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.44.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.