NMI (NASDAQ:NMIH) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

NMI (NASDAQ:NMIH - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07), Zacks reports. NMI had a return on equity of 17.64% and a net margin of 55.32%.

NMI Trading Down 1.3 %

NMIH stock traded down $0.47 during midday trading on Monday, hitting $36.48. 652,856 shares of the company's stock were exchanged, compared to its average volume of 450,468. NMI has a 1-year low of $28.73 and a 1-year high of $42.49. The business has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $38.78. The stock has a market capitalization of $2.89 billion, a PE ratio of 8.23, a P/E/G ratio of 0.92 and a beta of 1.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

NMIH has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of NMI from $44.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

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.