Wedbush Has Pessimistic Outlook of M/I Homes Q1 Earnings

M/I Homes, Inc. (NYSE:MHO) – Equities researchers at Wedbush dropped their Q1 2025 earnings per share estimates for shares of M/I Homes in a research report issued to clients and investors 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 estimate of $4.89. Wedbush has a “Outperform” rating and a $185.00 price objective 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.

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

A number of other research analysts have also weighed in on MHO. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research report on Thursday. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday.

M/I Homes Price Performance

MHO opened at $125.84 on Monday. M/I Homes has a 1 year low of $109.92 and a 1 year 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. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.38 and a beta of 2.29. The firm’s fifty day moving average price is $142.70 and its two-hundred day moving average price is $153.17.

Insider Activity

In other 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 completion of the transaction, the chief financial officer now directly owns 18,545 shares of the company’s stock, valued at $2,967,200. This represents a 51.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On M/I Homes

Several institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in M/I Homes during the third quarter worth about $1,388,000. West Oak Capital LLC lifted its stake in shares of M/I Homes by 4,865.0% during the 4th 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 in the last quarter. World Investment Advisors LLC bought a new position in M/I Homes in the 3rd quarter worth approximately $4,698,000. Range Financial Group LLC purchased a new position in M/I Homes in the 4th quarter valued at approximately $834,000. Finally, Royce & Associates LP raised its holdings in M/I Homes by 30.0% during 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 period. Hedge funds and other institutional investors 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.