Zacks Investment Research downgraded shares of M/I Homes, Inc. (NYSE:MHO) from a buy rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “M/I Homes, Inc. is one of the nation’s leading builders of single-family homes. Their homes are marketed and sold under the trade names M/I Homes and Showcase Homes. They have homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Tampa, Orlando and Palm Beach County, Florida; Charlotte and Raleigh, North Carolina; Virginia and Maryland. “
A number of other research analysts also recently issued reports on MHO. BidaskClub upgraded shares of M/I Homes from a strong sell rating to a sell rating in a research report on Thursday, August 17th. ValuEngine downgraded shares of M/I Homes from a strong-buy rating to a buy rating in a research report on Friday, July 28th. Finally, JMP Securities upgraded shares of M/I Homes from a market perform rating to an outperform rating and set a $32.00 target price on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $34.00.
Shares of M/I Homes (NYSE MHO) traded up 3.13% during trading on Wednesday, hitting $31.31. 311,606 shares of the stock traded hands. M/I Homes has a 1-year low of $20.40 and a 1-year high of $31.77. The company has a market cap of $786.01 million, a PE ratio of 14.81 and a beta of 1.09. The company has a 50 day moving average of $26.79 and a 200-day moving average of $26.88.
M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, October 25th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The business had revenue of $476.40 million for the quarter, compared to analyst estimates of $475.42 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that M/I Homes will post $2.93 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/26/mi-homes-inc-mho-downgraded-by-zacks-investment-research-to-hold.html.
Several hedge funds have recently made changes to their positions in MHO. SG Americas Securities LLC bought a new stake in shares of M/I Homes in the 1st quarter valued at about $104,000. Bank of Montreal Can increased its stake in shares of M/I Homes by 111.8% in the 2nd quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of M/I Homes by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock valued at $139,000 after acquiring an additional 2,164 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of M/I Homes by 7.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,790 shares of the construction company’s stock valued at $142,000 after acquiring an additional 399 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of M/I Homes in the 2nd quarter valued at about $201,000.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
Receive News & Ratings for M/I Homes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes Inc. and related companies with MarketBeat.com's FREE daily email newsletter.