M/I Homes (MHO) Getting Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about M/I Homes (NYSE:MHO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. M/I Homes earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 47.5524394080833 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of M/I Homes stock traded down $0.13 during trading hours on Monday, reaching $25.50. The company’s stock had a trading volume of 191,626 shares, compared to its average volume of 253,850. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.54 and a current ratio of 5.60. M/I Homes has a one year low of $24.08 and a one year high of $37.41. The company has a market cap of $732.27 million, a P/E ratio of 8.85 and a beta of 1.10.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 25th. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.08. M/I Homes had a net margin of 3.91% and a return on equity of 12.69%. The company had revenue of $558.10 million for the quarter, compared to the consensus estimate of $527.00 million. During the same period last year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. sell-side analysts predict that M/I Homes will post 3.85 earnings per share for the current year.

A number of research firms have recently issued reports on MHO. Wedbush restated an “outperform” rating and issued a $41.00 price target on shares of M/I Homes in a research report on Friday, April 27th. Zacks Investment Research downgraded shares of M/I Homes from a “hold” rating to a “sell” rating in a research report on Thursday, April 5th. Finally, ValuEngine downgraded shares of M/I Homes from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.00.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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