M/I Homes (MHO) Expected to Announce Earnings on Wednesday

M/I Homes (NYSE:MHO) is anticipated to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect M/I Homes to post earnings of $4.96 per share and revenue of $1,149,770.00 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.16. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. M/I Homes had a return on equity of 19.94% and a net margin of 12.54%. During the same period in the previous year, the company posted $4.82 EPS. On average, analysts expect M/I Homes to post $20 EPS for the current fiscal year and $20 EPS for the next fiscal year.

M/I Homes Stock Down 0.9 %

MHO stock opened at $135.28 on Monday. The business’s fifty day moving average price is $145.17 and its two-hundred day moving average price is $153.31. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.25 and a beta of 2.29. M/I Homes has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60.

Wall Street Analyst Weigh In

MHO has been the subject of several analyst reports. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

Insider Buying and Selling

In other news, CFO Phillip G. Creek sold 20,000 shares of M/I Homes stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares in the company, valued at approximately $2,967,200. This trade represents a 51.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company 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.