NMI (NASDAQ:NMIH) Issues Quarterly Earnings Results

NMI (NASDAQ:NMIH) posted its quarterly earnings data on Thursday. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07), Zacks reports. NMI had a return on equity of 17.82% and a net margin of 56.20%.

NMI Trading Down 0.6 %

NMI stock traded down $0.25 during mid-day trading on Thursday, reaching $38.80. 393,923 shares of the company traded hands, compared to its average volume of 433,005. The firm’s 50 day moving average price is $37.65 and its 200 day moving average price is $38.78. NMI has a 52-week low of $28.73 and a 52-week high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.91 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods cut their price target on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada dropped their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Four 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.00.

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.