What is Zacks Research’s Forecast for NMI FY2024 Earnings?

NMI Holdings, Inc. (NASDAQ:NMIH) – Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for NMI in a note issued to investors on Tuesday, December 24th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $4.53 per share for the year, up from their previous forecast 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.

A number of other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of NMI from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada cut their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Finally, Barclays boosted their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

NMI Stock Up 0.7 %

Shares of NASDAQ:NMIH opened at $37.26 on Friday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.92 and a beta of 1.10. The business’s 50 day moving average is $38.46 and its 200 day moving average is $38.12. NMI has a 12-month low of $28.67 and a 12-month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On NMI

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its position in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after buying an additional 54,391 shares during the last quarter. Algert Global LLC increased its holdings in NMI by 88.9% in the 3rd quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after acquiring an additional 66,880 shares during the last quarter. Edgestream Partners L.P. raised its stake in NMI by 13.1% in the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after acquiring an additional 20,048 shares during the period. Citigroup Inc. lifted its holdings in NMI by 95.4% during the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after purchasing an additional 63,058 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in NMI by 53.3% during the third quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock worth $4,623,000 after purchasing an additional 39,012 shares during the period. Institutional investors own 94.12% of the company’s stock.

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.