NMI (NMIH) Releases Earnings Results, Beats Estimates By $0.05 EPS

NMI (NASDAQ:NMIH) posted its earnings results on Wednesday, August 1st. The financial services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05, Fidelity Earnings reports. The firm had revenue of $67.45 million for the quarter. NMI had a net margin of 25.23% and a return on equity of 13.46%.

Shares of NMI traded up $0.15, reaching $21.70, during trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 3,510 shares, compared to its average volume of 522,104. NMI has a 52-week low of $10.10 and a 52-week high of $22.50. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 37.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.

In related news, SVP Julie Norberg sold 3,162 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $16.58, for a total transaction of $52,425.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William J. Leatherberry sold 15,800 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $17.07, for a total transaction of $269,706.00. Following the sale, the executive vice president now owns 147,524 shares of the company’s stock, valued at $2,518,234.68. The disclosure for this sale can be found here. Insiders sold a total of 284,908 shares of company stock valued at $5,245,255 in the last ninety days. 5.70% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on the stock. TheStreet raised shares of NMI from a “c+” rating to a “b” rating in a research note on Monday, May 14th. Compass Point lifted their price objective on shares of NMI from $16.25 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. BidaskClub lowered shares of NMI from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $24.00 price objective on shares of NMI in a research report on Thursday, August 2nd. Finally, Susquehanna Bancshares lifted their price objective on shares of NMI from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. NMI presently has a consensus rating of “Buy” and a consensus target price of $22.28.

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.

Read More: Outstanding Shares and The Effect on Share Price

Earnings History for NMI (NASDAQ:NMIH)

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