Wedbush Has Positive Outlook for M/I Homes FY2024 Earnings

M/I Homes, Inc. (NYSE:MHO) – Analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for M/I Homes in a report issued on Monday, November 4th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $20.15 per share for the year, up from their previous forecast of $19.90. Wedbush has a “Outperform” rating and a $185.00 price target on the stock. The consensus estimate for M/I Homes’ current full-year earnings is $19.76 per share. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Raymond James lifted their price target on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd.

M/I Homes Price Performance

Shares of NYSE MHO opened at $160.22 on Tuesday. The company has a current ratio of 6.52, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 8.59 and a beta of 2.24. M/I Homes has a twelve month low of $92.14 and a twelve month high of $176.18. The business has a 50 day simple moving average of $162.49 and a 200-day simple moving average of $143.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHO. V Square Quantitative Management LLC acquired a new position in M/I Homes during the 3rd quarter valued at about $27,000. Signaturefd LLC raised its holdings in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after buying an additional 71 shares during the last quarter. CWM LLC boosted its position in shares of M/I Homes by 184.8% during the second quarter. CWM LLC now owns 507 shares of the construction company’s stock worth $62,000 after buying an additional 329 shares during the period. Quarry LP grew its holdings in M/I Homes by 148.0% in the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock worth $68,000 after buying an additional 333 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in M/I Homes by 90.6% in the 3rd quarter. GAMMA Investing LLC now owns 606 shares of the construction company’s stock worth $104,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.