Zacks Research Has Bearish Forecast for NMI FY2026 Earnings

NMI Holdings Inc (NASDAQ:NMIH) – Investment analysts at Zacks Research decreased their FY2026 EPS estimates for NMI in a research note issued to investors on Monday, July 20th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $5.13 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 posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company had revenue of $183.47 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Barclays reduced their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report 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. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, UBS Group set a $46.00 target price on shares of NMI in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

NMI Stock Down 0.4%

Shares of NASDAQ:NMIH opened at $41.69 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $38.85 and a two-hundred day simple moving average of $38.83. NMI has a 12-month low of $34.84 and a 12-month high of $43.35. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.45 and a beta of 0.54.

Institutional Investors Weigh In On NMI

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted 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 acquiring an additional 34,372 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of NMI by 5.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after acquiring an additional 106,400 shares during the period. Geode Capital Management LLC raised its holdings 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 purchasing an additional 5,274 shares during the last quarter. Bank of America Corp DE lifted its position in 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 purchasing an additional 241,724 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in 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 purchasing an additional 73,695 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Activity at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the sale, the director owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This trade represents 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 link. Insiders own 2.44% of the company’s stock.

NMI News Roundup

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Zacks Research lifted its Q1 2028 EPS estimate for NMI Holdings to $1.37 from $1.34, and slightly raised FY2028 estimates to $5.38, suggesting improved long-term earnings potential.
• Neutral Sentiment: Despite the revisions, Zacks still sees NMI Holdings earning about $5.11 per share for the current full year, close to prior expectations and not a major deviation from consensus.
• Negative Sentiment: Analysts lowered estimates for FY2026 and several 2027 periods, including Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027 and FY2027, which can weigh on investor sentiment in the near term.

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.