NMI (NMIH) Expected to Announce Quarterly Earnings on Wednesday

NMI (NASDAQ:NMIH) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NMI Stock Performance

Shares of NMIH stock opened at $38.78 on Wednesday. The stock has a fifty day moving average of $37.67 and a 200 day moving average of $38.78. NMI has a 52 week low of $28.73 and a 52 week high of $42.49. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 0.91 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods lowered 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, Royal Bank of Canada lowered their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NMI 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.