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

NMI Holdings Inc (NASDAQ:NMIH) – Equities researchers at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of NMI in a research report issued to clients and investors on Monday, July 20th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $5.13 for the year, down from their prior forecast 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 (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $183.47 million during the quarter, compared to analyst estimates of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS.

A number of other research firms have also recently issued reports on NMIH. Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. UBS Group set a $46.00 price target on shares of NMI in a report on Friday, May 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and an average target price of $46.00.

NMI Trading Down 0.9%

NASDAQ:NMIH opened at $42.63 on Tuesday. The stock’s 50 day moving average price is $38.67 and its 200 day moving average price is $38.82. NMI has a 52 week low of $34.84 and a 52 week high of $43.35. The company has a market capitalization of $3.24 billion, a P/E ratio of 8.68, a P/E/G ratio of 1.49 and a beta of 0.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63.

Insider Activity at NMI

In related news, Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.44% of the company’s stock.

Institutional Investors Weigh In On NMI

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in NMI by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after purchasing an additional 34,372 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 5.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after purchasing an additional 106,400 shares during the period. Geode Capital Management LLC raised its position in shares of NMI by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after buying an additional 5,274 shares during the last quarter. Bank of America Corp DE raised its position in shares of NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after buying an additional 241,724 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of NMI by 10.8% during the second quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock valued at $32,000,000 after buying an additional 73,695 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.