NMI (NASDAQ:NMIH) Issues Quarterly Earnings Results

NMI (NASDAQ:NMIH) posted its earnings results on Wednesday. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates 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 Price Performance

NMIH traded down $0.23 on Friday, hitting $35.31. 97,039 shares of the company’s stock traded hands, compared to its average volume of 465,105. NMI has a one year low of $28.73 and a one year high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 0.92 and a beta of 1.12. The company’s 50 day simple moving average is $37.33 and its 200-day simple moving average is $38.72.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NMIH shares. Royal Bank of Canada reduced their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods dropped their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.