M/I Homes, Inc. (NYSE:MHO) Posts Earnings Results, Misses Estimates By $0.05 EPS

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.

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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.

Earnings History for M/I Homes (NYSE:MHO)

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