What is Zacks Research’s Forecast for NMI FY2026 Earnings?

NMI Holdings Inc (NASDAQ:NMIH) – Investment analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for shares of NMI in a research note issued on Monday, July 20th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $5.13 per share for the year, down from their previous estimate of $5.15. The consensus estimate for NMI’s current full-year earnings is $5.11 per share. Zacks Research also issued estimates for NMI’s Q4 2026 earnings at $1.27 EPS, Q1 2027 earnings at $1.30 EPS, Q2 2027 earnings at $1.26 EPS, Q3 2027 earnings at $1.39 EPS, Q4 2027 earnings at $1.35 EPS and FY2027 earnings at $5.31 EPS.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The business had revenue of $183.47 million for the quarter, compared to the consensus estimate of $153.99 million. During the same period last year, the company posted $1.28 EPS. NMI’s revenue for the quarter was up 5.9% on a year-over-year basis.

Several other equities research analysts have also weighed in on NMIH. JPMorgan Chase & Co. increased their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Royal Bank Of Canada started coverage on shares of NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. UBS Group set a $46.00 price objective on NMI in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

NMI Stock Down 1.8%

Shares of NASDAQ NMIH opened at $41.85 on Tuesday. NMI has a 52-week low of $34.84 and a 52-week high of $43.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $3.18 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.48 and a beta of 0.54. The firm has a 50 day moving average price of $38.76 and a 200 day moving average price of $38.83.

Institutional Investors Weigh In On NMI

Several large investors have recently made changes to their positions in NMIH. Bank of America Corp DE lifted its position in NMI by 95.3% in the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after acquiring an additional 495,144 shares in the last quarter. River Road Asset Management LLC bought a new position in NMI during the 4th quarter worth about $15,104,000. BNP Paribas Financial Markets increased its holdings in NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after purchasing an additional 277,065 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of NMI by 85.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after purchasing an additional 276,897 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the sale, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.44% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.