Wedbush Analysts Reduce Earnings Estimates for M/I Homes

M/I Homes, Inc. (NYSE:MHO) – Wedbush lowered their Q1 2025 earnings estimates for shares of M/I Homes in a research note issued on Wednesday, January 29th. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $4.34 per share for the quarter, down from their prior forecast of $4.89. Wedbush currently has a “Outperform” rating and a $185.00 target price on the stock. The consensus estimate for M/I Homes’ current full-year earnings is $20.42 per share. Wedbush also issued estimates for M/I Homes’ Q2 2025 earnings at $4.68 EPS, Q3 2025 earnings at $4.94 EPS, Q4 2025 earnings at $5.45 EPS, FY2025 earnings at $19.42 EPS, Q1 2026 earnings at $4.65 EPS, Q2 2026 earnings at $4.99 EPS, Q3 2026 earnings at $5.40 EPS, Q4 2026 earnings at $6.02 EPS and FY2026 earnings at $21.05 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James reissued a “strong-buy” rating and issued a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday. StockNews.com lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday.

M/I Homes Stock Down 3.2 %

Shares of NYSE MHO opened at $125.84 on Monday. The business has a 50-day moving average of $142.70 and a 200-day moving average of $153.17. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.38 and a beta of 2.29. The company has a current ratio of 6.81, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. M/I Homes has a 12 month low of $109.92 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.56% and a net margin of 12.51%.

Institutional Investors Weigh In On M/I Homes

Hedge funds have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of M/I Homes during the 3rd quarter valued at $1,388,000. West Oak Capital LLC boosted its position in M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after buying an additional 4,865 shares during the period. World Investment Advisors LLC bought a new position in shares of M/I Homes during the third quarter valued at about $4,698,000. Range Financial Group LLC purchased a new position in shares of M/I Homes in the fourth quarter worth about $834,000. Finally, Royce & Associates LP lifted its stake in shares of M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock valued at $33,057,000 after acquiring an additional 44,559 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Insider Activity at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

About M/I Homes

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.