NMI (NASDAQ:NMIH) Issues Earnings Results

NMI (NASDAQ:NMIH) issued its quarterly earnings data on Thursday. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate 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 Stock Performance

NMI stock traded down $0.25 during mid-day trading on Thursday, reaching $38.80. 393,221 shares of the company were exchanged, compared to its average volume of 432,954. The firm’s 50-day simple moving average is $37.65 and its two-hundred day simple moving average is $38.78. NMI has a twelve month low of $28.73 and a twelve month high of $42.49. The firm has a market cap of $3.07 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Keefe, Bruyette & Woods dropped their price target on 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, Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.