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

NMI (NASDAQ:NMIH) announced 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 Trading Down 0.1 %

NMIH traded down $0.02 during trading on Thursday, hitting $35.14. The company’s stock had a trading volume of 21,117 shares, compared to its average volume of 456,886. The firm’s 50 day moving average price is $37.41 and its 200-day moving average price is $38.75. 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 stock has a market cap of $2.78 billion, a PE ratio of 7.91, a PEG ratio of 0.92 and a beta of 1.12. NMI has a twelve month low of $28.73 and a twelve month high of $42.49.

Analysts Set New Price Targets

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

About NMI

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.