M/I Homes, Inc. (NYSE:MHO) announced its earnings results on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05), Bloomberg Earnings reports. The business had revenue of $476.40 million for the quarter, compared to the consensus estimate of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS.
M/I Homes (NYSE:MHO) traded down $0.13 during trading on Friday, reaching $33.37. The company’s stock had a trading volume of 514,500 shares, compared to its average volume of 240,837. The company has a market cap of $921.94, a PE ratio of 12.59 and a beta of 1.27. M/I Homes has a fifty-two week low of $21.36 and a fifty-two week high of $34.38. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 6.46.
In other M/I Homes news, insider Phillip G. Creek sold 25,400 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.08, for a total transaction of $814,832.00. Following the completion of the sale, the insider now directly owns 60,971 shares in the company, valued at approximately $1,955,949.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert H. Schottenstein sold 15,800 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.90, for a total value of $504,020.00. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/11/mi-homes-inc-mho-releases-quarterly-earnings-results-misses-expectations-by-0-05-eps.html.
Several analysts have recently commented on the company. ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. JMP Securities set a $38.00 price target on M/I Homes and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded M/I Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, BidaskClub lowered M/I Homes from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $34.00.
About M/I Homes
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.