M/I Homes, Inc. (NYSE:MHO) – Wedbush reduced their FY2017 earnings per share estimates for M/I Homes in a research note issued on Thursday. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $2.76 for the year, down from their prior forecast of $2.83. Wedbush also issued estimates for M/I Homes’ Q4 2017 earnings at $1.04 EPS, Q1 2018 earnings at $0.60 EPS and Q3 2018 earnings at $0.83 EPS.
Several other analysts have also issued reports on MHO. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 24th. JMP Securities set a $38.00 target price on shares of M/I Homes and gave the stock a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of M/I Homes from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, ValuEngine lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.00.
Shares of M/I Homes (NYSE:MHO) opened at 31.83 on Monday. M/I Homes has a 52 week low of $20.40 and a 52 week high of $31.85. The firm has a market cap of $799.06 million, a PE ratio of 15.06 and a beta of 1.09. The firm has a 50-day moving average of $27.18 and a 200-day moving average of $26.96.
M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $476.40 million during the quarter, compared to analyst estimates of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in M/I Homes during the first quarter valued at about $104,000. Chicago Equity Partners LLC bought a new position in M/I Homes during the second quarter valued at about $4,110,000. Principal Financial Group Inc. grew its position in M/I Homes by 4.0% during the first quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock valued at $4,611,000 after buying an additional 7,299 shares during the period. Capstone Asset Management Co. grew its position in M/I Homes by 3.2% during the second quarter. Capstone Asset Management Co. now owns 17,213 shares of the construction company’s stock valued at $491,000 after buying an additional 530 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in M/I Homes by 11.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 148,051 shares of the construction company’s stock valued at $4,227,000 after buying an additional 15,438 shares during the period.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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