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

Key Points

• Zacks Research raised NMI Holdings’ FY2026 EPS estimate to $5.24 from $5.23, broadly in line with the $5.25 consensus forecast. It also projects EPS of $5.44 in FY2027 and $5.70 in FY2028.
• NMI’s latest quarterly results exceeded expectations, with EPS of $1.38 versus the $1.28 consensus and revenue of $187.89 million versus $156.26 million expected. Revenue increased 8.1% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and an average price target of $48.33 versus the stock’s reported $44.12 price. However, insiders sold about $8.8 million of shares during the past quarter.

NMI Holdings Inc (NASDAQ:NMIH - Free Report) - Equities researchers at Zacks Research boosted their FY2026 EPS estimates for shares of NMI in a note issued to investors on Monday, September 14th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $5.24 per share for the year, up from their previous estimate of $5.23. The consensus estimate for NMI's current full-year earnings is $5.25 per share. Zacks Research also issued estimates for NMI's Q4 2026 earnings at $1.28 EPS, Q2 2027 earnings at $1.33 EPS, Q4 2027 earnings at $1.38 EPS, FY2027 earnings at $5.44 EPS and FY2028 earnings at $5.70 EPS.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business had revenue of $187.89 million during the quarter, compared to analysts' expectations of $156.26 million. During the same period in the prior year, the company earned $1.22 EPS. The firm's quarterly revenue was up 8.1% compared to the same quarter last year.

Several other research firms also recently weighed in on NMIH. Truist Financial raised their price objective on NMI from $49.00 to $51.00 and gave the company a "buy" rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a report on Wednesday, September 9th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $47.00 price target on shares of NMI in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on NMI from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $53.00 price objective on shares of NMI in a research note on Tuesday, August 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $48.33.

NMI Stock Performance

NASDAQ NMIH opened at $44.12 on Tuesday. The firm's fifty day moving average price is $43.87 and its two-hundred day moving average price is $40.25. The stock has a market cap of $3.32 billion, a PE ratio of 8.69, a PEG ratio of 1.18 and a beta of 0.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. NMI has a fifty-two week low of $34.84 and a fifty-two week high of $46.74.

Insider Activity at NMI

In related news, CEO Adam Pollitzer sold 172,706 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer owned 270,267 shares of the company's stock, valued at $12,121,474.95. This trade represents a 38.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Smith sold 12,000 shares of NMI stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the sale, the executive vice president 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 196,368 shares of company stock worth $8,800,740 over the last quarter. Company insiders own 2.44% of the company's stock.

Institutional Trading of NMI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of NMI in the 2nd quarter worth about $31,000. IFP Advisors Inc raised its stake in shares of NMI by 189.5% in the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider's stock worth $32,000 after purchasing an additional 521 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of NMI in the second quarter worth approximately $36,000. Pacer Advisors Inc. boosted its position in shares of NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider's stock valued at $38,000 after buying an additional 372 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider's stock worth $40,000 after buying an additional 272 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Company Profile

NMI Holdings, Inc NASDAQ: NMIH is the parent company of National MI, a provider of private mortgage insurance in the United States. Through its insurance subsidiaries, the company offers mortgage insurance to lenders and other mortgage market participants, helping protect against losses when borrowers default on residential home loans.

National MI's products support conventional residential mortgages, including borrower-paid and lender-paid mortgage insurance arrangements. Its coverage is generally used when a homebuyer makes a down payment of less than 20%, enabling lenders to extend mortgage credit while reducing their exposure to potential default-related losses.

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