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

NMI (NASDAQ:NMIH) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.07 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 Price Performance

Shares of NMI stock traded down $0.02 during trading on Thursday, hitting $35.14. The stock had a trading volume of 21,117 shares, compared to its average volume of 456,886. The business has a fifty day moving average of $37.41 and a two-hundred day moving average of $38.75. The firm has a market cap of $2.78 billion, a P/E ratio of 7.91, a PEG ratio of 0.92 and a beta of 1.12. NMI has a fifty-two week low of $28.73 and a fifty-two 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NMIH shares. JPMorgan Chase & Co. reduced their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Royal Bank of Canada dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NMI presently 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.