Factors Likely to Have Influenced Earnings Results NMI (NASDAQ:NMIH)

Earnings results for NMI (NASDAQ:NMIH)

NMI Holdings Inc is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.59. The reported EPS for the same quarter last year was $0.75.

NMI last posted its earnings data on February 16th, 2021. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm earned $109.90 million during the quarter, compared to analyst estimates of $111.18 million. NMI has generated $2.62 earnings per share over the last year and currently has a price-to-earnings ratio of 11.4. NMI has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. NMI will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on NMI (NASDAQ:NMIH)

10 Wall Street analysts have issued ratings and price targets for NMI in the last 12 months. Their average twelve-month price target is $24.39, predicting that the stock has a possible downside of 5.62%. The high price target for NMIH is $32.00 and the low price target for NMIH is $18.00. There are currently 2 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

NMI has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $24.39, NMI has a forecasted downside of 5.6% from its current price of $25.84. NMI has received no research coverage in the past 90 days.

Dividend Strength: NMI (NASDAQ:NMIH)

NMI does not currently pay a dividend. NMI does not have a long track record of dividend growth.

Insiders buying/selling: NMI (NASDAQ:NMIH)

In the past three months, NMI insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,919,556.00 in company stock. Only 3.80% of the stock of NMI is held by insiders. 92.94% of the stock of NMI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of NMI (NASDAQ:NMIH

Earnings for NMI are expected to grow by 6.83% in the coming year, from $2.05 to $2.19 per share. The P/E ratio of NMI is 11.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of NMI is 11.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.04. NMI has a P/B Ratio of 1.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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