Equities analysts predict that NMI Holdings Inc (NASDAQ:NMIH) will announce sales of $94.67 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for NMI’s earnings. The lowest sales estimate is $93.93 million and the highest is $95.40 million. NMI posted sales of $71.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 31.9%. The business is scheduled to issue its next earnings report on Tuesday, October 29th.

On average, analysts expect that NMI will report full-year sales of $365.86 million for the current year, with estimates ranging from $364.41 million to $367.30 million. For the next year, analysts forecast that the company will post sales of $447.85 million, with estimates ranging from $447.19 million to $448.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for NMI.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $91.18 million during the quarter, compared to analyst estimates of $85.11 million. NMI had a return on equity of 19.65% and a net margin of 41.31%.

NMIH has been the subject of a number of recent research reports. BidaskClub upgraded NMI from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Zelman & Associates upgraded NMI from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded NMI from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Friday, July 26th. Finally, BTIG Research set a $36.00 price target on NMI and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. NMI presently has a consensus rating of “Buy” and a consensus target price of $30.63.

In related news, CFO Adam Pollitzer sold 4,092 shares of NMI stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $28.05, for a total value of $114,780.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.20% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Ellis Investment Partners LLC boosted its holdings in NMI by 2,203.8% in the 1st quarter. Ellis Investment Partners LLC now owns 1,384,458 shares of the financial services provider’s stock worth $1,384,000 after buying an additional 1,324,364 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in NMI in the 2nd quarter worth about $37,045,000. Carillon Tower Advisers Inc. acquired a new stake in NMI in the 2nd quarter worth about $31,831,000. FMR LLC boosted its holdings in NMI by 44.8% in the 1st quarter. FMR LLC now owns 2,501,047 shares of the financial services provider’s stock worth $64,702,000 after buying an additional 773,781 shares during the last quarter. Finally, Norges Bank acquired a new stake in NMI in the 4th quarter worth about $13,216,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.

Shares of NASDAQ NMIH traded down $0.72 during trading on Wednesday, reaching $26.72. 341,049 shares of the company traded hands, compared to its average volume of 451,183. The company has a fifty day moving average price of $27.20. The firm has a market cap of $1.81 billion, a PE ratio of 16.10 and a beta of 1.29. NMI has a 12-month low of $15.62 and a 12-month high of $31.34. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.43 and a current ratio of 0.43.

About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Earnings History and Estimates for NMI (NASDAQ:NMIH)

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