NMI (NMIH) Expected to Announce Quarterly Earnings on Wednesday

NMI (NASDAQ:NMIH) is projected to announce its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

NMI Price Performance

NASDAQ NMIH opened at $38.78 on Wednesday. NMI has a one year low of $28.73 and a one year high of $42.49. The stock has a 50-day moving average of $37.67 and a 200 day moving average of $38.78. The company 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 debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

Analysts Set New Price Targets

Several equities research analysts recently commented on NMIH shares. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.