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

NMI Holdings, Inc. (NASDAQ:NMIH) – Analysts at Zacks Research raised their FY2024 EPS estimates for shares of NMI in a research note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now expects that the financial services provider will earn $4.52 per share for the year, up from their previous forecast of $4.47. 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 $1.14 EPS, Q2 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.24 EPS, FY2025 earnings at $4.73 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.25 EPS and FY2026 earnings at $5.07 EPS.

NMIH has been the topic of a number of other research reports. Royal Bank of Canada reduced their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.29.

NMI Stock Performance

NASDAQ NMIH opened at $40.38 on Monday. NMI has a fifty-two week low of $27.25 and a fifty-two week high of $42.49. The stock has a market cap of $3.20 billion, a PE ratio of 9.24, a PEG ratio of 0.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The firm’s fifty day moving average price is $39.53 and its two-hundred day moving average price is $37.58.

Institutional Trading of NMI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMIH. Opal Wealth Advisors LLC bought a new stake in shares of NMI in the 2nd quarter valued at $29,000. Quarry LP lifted its holdings in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares during the period. GAMMA Investing LLC boosted its position in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. USA Financial Formulas acquired a new stake in NMI during the 3rd quarter worth about $57,000. Finally, Picton Mahoney Asset Management bought a new position in shares of NMI in the 2nd quarter worth about $63,000. Institutional investors and hedge funds 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.