NMI (NMIH) Scheduled to Post Earnings on Wednesday

NMI (NASDAQ:NMIH - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect NMI to post earnings of $1.10 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.15. The firm had revenue of $162.12 million for the quarter, compared to the consensus estimate of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. The business's revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. On average, analysts expect NMI to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NMI Stock Up 0.8 %

NMIH traded up $0.30 during mid-day trading on Wednesday, reaching $39.17. 352,399 shares of the stock were exchanged, compared to its average volume of 529,626. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $3.12 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.88 and a beta of 1.12. The company has a 50 day moving average price of $40.51 and a two-hundred day moving average price of $36.45. NMI has a 1 year low of $26.91 and a 1 year high of $42.49.

Insider Activity at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares in the company, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays lifted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Truist Financial boosted their price target on shares of NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and an average price target of $43.43.

About NMI

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.