Zacks Investment Research lowered shares of M/I Homes (NYSE:MHO) from a hold rating to a sell rating in a report published on Thursday morning.
According to Zacks, “M/I Homes is one of nation’s leading builders of single family homes. M/I Homes have established an exemplary reputation based on a strong commitment to superior customer service, innovative design, quality construction and premium locations. M/I Homes serve a broad segment of the housing market including first-time, move-up, luxury and empty nester buyers. M/I Homes design, market, construct and sell single-family homes and attached townhomes to first-time, moveup, empty-nester and luxury buyers. The company 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. “
Several other research analysts also recently commented on MHO. ValuEngine raised M/I Homes from a buy rating to a strong-buy rating in a research report on Monday, February 5th. Wedbush lifted their price target on M/I Homes from $35.00 to $41.00 and gave the stock an outperform rating in a research report on Friday, December 29th. Finally, TheStreet downgraded M/I Homes from a b- rating to a c+ rating in a research report on Thursday, December 28th. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $40.00.
Shares of NYSE MHO opened at $33.35 on Thursday. The company has a current ratio of 6.32, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $929.46, a price-to-earnings ratio of 11.54 and a beta of 1.14. M/I Homes has a 12 month low of $23.87 and a 12 month high of $37.41.
M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Thursday, February 1st. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The business had revenue of $621.00 million during the quarter, compared to the consensus estimate of $589.11 million. M/I Homes had a return on equity of 12.66% and a net margin of 3.56%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share. research analysts forecast that M/I Homes will post 4.11 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new stake in shares of M/I Homes during the fourth quarter valued at approximately $121,000. Hamilton Capital Management Inc. bought a new stake in shares of M/I Homes during the fourth quarter valued at approximately $222,000. Macquarie Group Ltd. bought a new stake in shares of M/I Homes during the third quarter valued at approximately $177,000. CAPROCK Group Inc. bought a new stake in shares of M/I Homes during the fourth quarter valued at approximately $260,000. Finally, Magnetar Financial LLC bought a new stake in shares of M/I Homes during the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 97.76% of the company’s stock.
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M/I Homes Company Profile
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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