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

M/I Homes (NYSE:MHOGet Free Report) 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:MHOGet Free Report) 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.

Read Our Latest Analysis on M/I Homes

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

(Get Free Report)

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.

See Also

Earnings History for M/I Homes (NYSE:MHO)

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