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

M/I Homes (NYSE:MHO) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect M/I Homes to post earnings of $4.94 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.52. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same period in the previous year, the firm posted $4.12 earnings per share. On average, analysts expect M/I Homes to post $20 EPS for the current fiscal year and $21 EPS for the next fiscal year.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $160.27 on Tuesday. The company has a current ratio of 6.62, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $162.72 and a 200-day simple moving average of $141.39. The company has a market cap of $4.45 billion, a PE ratio of 9.22 and a beta of 2.23. M/I Homes has a 12-month low of $80.51 and a 12-month high of $176.18.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research analyst reports. Raymond James upped their target price on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th.

Insider Buying and Selling at M/I Homes

In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total transaction of $347,024.68. Following the sale, the chief executive officer now directly owns 122,951 shares of the company’s stock, valued at $20,424,620.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Phillip G. Creek sold 2,767 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at approximately $3,082,920.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert H. Schottenstein sold 2,089 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the completion of the transaction, the chief executive officer now directly owns 122,951 shares in the company, valued at $20,424,620.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% 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.