Equities Analysts Offer Predictions for NMI FY2024 Earnings

NMI Holdings, Inc. (NASDAQ:NMIH) – Equities researchers at Zacks Research lifted their FY2024 EPS estimates for NMI in a research note issued to investors on Tuesday, December 24th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $4.53 for the year, up from their previous estimate of $4.52. The consensus estimate for NMI’s current full-year earnings is $4.54 per share. Zacks Research also issued estimates for NMI’s Q1 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.18 EPS and FY2026 earnings at $5.09 EPS.

Other research analysts have also recently issued research reports about the company. 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 report on Monday, December 9th. Barclays lifted their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada decreased 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

NMI Trading Down 1.4 %

Shares of NMIH stock opened at $36.72 on Friday. The stock has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $38.12. NMI has a 1 year low of $28.67 and a 1 year high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.91 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

Hedge Funds Weigh In On NMI

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. Quarry LP raised its stake in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 493 shares during the last quarter. USA Financial Formulas acquired a new position in shares of NMI during the third quarter worth $57,000. Picton Mahoney Asset Management bought a new stake in shares of NMI in the second quarter worth $63,000. Finally, Farther Finance Advisors LLC increased its holdings in NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Company Profile

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.