Zacks Research Issues Negative Forecast for NMI Earnings

Key Points

• Zacks Research lowered NMI’s Q3 2026 earnings estimate to $1.30 per share from $1.33, while forecasting full-year 2028 earnings of $5.66 per share.
• NMI recently reported stronger-than-expected quarterly results, with EPS of $1.38 versus the $1.28 consensus and revenue of $187.89 million, up 8.1% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $48.33, although two executives recently sold shares and the stock opened at $45.56.

NMI Holdings Inc (NASDAQ:NMIH - Free Report) - Investment analysts at Zacks Research decreased their Q3 2026 earnings estimates for shares of NMI in a research note issued to investors on Monday, August 17th. Zacks Research analyst Team now anticipates that the financial services provider will earn $1.30 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for NMI's current full-year earnings is $5.23 per share. Zacks Research also issued estimates for NMI's Q1 2028 earnings at $1.41 EPS and FY2028 earnings at $5.66 EPS.

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

Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $53.00 price objective on shares of NMI in a report on Tuesday, August 4th. UBS Group set a $46.00 target price on NMI in a research note on Friday, May 22nd. Weiss Ratings upgraded shares of NMI from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 12th. Truist Financial lifted their price target on shares of NMI from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.33.

NMI Stock Down 0.3%

NASDAQ:NMIH opened at $45.56 on Tuesday. NMI has a 1 year low of $34.84 and a 1 year high of $46.74. The stock has a 50-day moving average price of $41.50 and a two-hundred day moving average price of $39.52. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.24 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15.

Insider Transactions at NMI

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of the business's 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 sale, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value 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. This trade represents a 18.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.44% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Donald Smith & CO. Inc. acquired a new stake in NMI in the 2nd quarter valued at $36,262,000. Bank of New York Mellon Corp bought a new position in shares of NMI in the 2nd quarter valued at about $20,919,000. Bank of America Corp DE increased its position in shares of NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider's stock worth $38,898,000 after purchasing an additional 495,144 shares during the last quarter. Winmill & CO. Inc. bought a new stake in shares of NMI in the 2nd quarter valued at about $16,276,000. Finally, River Road Asset Management LLC bought a new position in NMI during the fourth quarter worth about $15,104,000. Institutional investors and hedge funds own 94.12% 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.

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