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

NMI Holdings Inc (NASDAQ:NMIH) – Research analysts at Zacks Research increased their FY2026 EPS estimates for shares of NMI in a research note issued on Monday, August 17th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $5.23 for the year, up from their previous forecast of $5.13. The consensus estimate for NMI’s current full-year earnings is $5.23 per share. Zacks Research also issued estimates for NMI’s Q1 2027 earnings at $1.31 EPS, Q2 2027 earnings at $1.31 EPS, Q3 2027 earnings at $1.43 EPS, Q4 2027 earnings at $1.37 EPS, FY2027 earnings at $5.43 EPS and Q2 2028 earnings at $1.45 EPS.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis.

Other research analysts also recently issued research reports about the company. UBS Group set a $46.00 price objective on NMI in a research note on Friday, May 22nd. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $47.00 price target on shares of NMI in a report on Monday, August 3rd. Finally, Truist Financial upped their target price on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

NMI Trading Up 0.1%

NASDAQ NMIH opened at $45.61 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $41.68 and a 200 day simple moving average of $39.58. NMI has a 12 month low of $34.84 and a 12 month high of $46.74. The firm has a market capitalization of $3.43 billion, a P/E ratio of 8.98, a PEG ratio of 1.24 and a beta of 0.53.

Insiders Place Their Bets

In other NMI news, EVP Aurora Swithenbank sold 11,662 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the transaction, the executive vice president directly owned 50,734 shares of the company’s stock, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the transaction, the executive vice president directly owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.44% of the stock is currently owned by insiders.

Institutional Trading of NMI

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in NMI by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after acquiring an additional 34,372 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in NMI by 5.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after purchasing an additional 106,400 shares during the period. Geode Capital Management LLC increased its holdings in NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after acquiring an additional 5,274 shares in the last quarter. Bank of America Corp DE increased its stake in shares of NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after purchasing an additional 241,724 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in NMI during the second quarter valued at about $36,262,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI News Summary

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Zacks Research raised its longer-term forecasts: FY2026 EPS increased to $5.23 from $5.13, FY2027 EPS to $5.43 from $5.31, and FY2028 EPS to $5.66 from $5.38. The firm also lifted estimates for several 2027 quarters and Q2 2028 EPS to $1.45 from $1.26. These revisions suggest expectations for stronger profitability and support the bullish sentiment toward NMI Holdings. NMI Holdings analyst estimates
• Positive Sentiment: The company’s current-year consensus EPS estimate remains $5.23, while the raised FY2027 forecast implies further earnings growth. With a reported price-to-earnings ratio below 9, the combination of expected growth and a relatively modest valuation may be attracting buyers.
• Neutral Sentiment: Near-term estimates were mixed: Zacks reduced its Q3 2026 EPS forecast to $1.30 from $1.33, but raised Q1 2028 EPS to $1.41 from $1.37. The isolated near-term cut is a modest offset to the more extensive upward revisions for later periods.

NMI Company Profile

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.