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

M/I Homes (NYSE:MHO) is set to release its earnings data before the market opens on Wednesday, April 24th. Analysts expect M/I Homes to post earnings of $3.96 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The firm had revenue of $972.59 million during the quarter, compared to analyst estimates of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. On average, analysts expect M/I Homes to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $111.09 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68. The business’s 50 day moving average price is $123.56 and its 200-day moving average price is $115.21. The firm has a market capitalization of $3.08 billion, a PE ratio of 6.84 and a beta of 2.13. M/I Homes has a 1 year low of $63.39 and a 1 year high of $140.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Monday, February 19th.

Insider Transactions at M/I Homes

In other M/I Homes news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the transaction, the insider now owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On M/I Homes

Large investors have recently modified their holdings of the business. Quarry LP lifted its stake in shares of M/I Homes by 120.9% in the 1st quarter. Quarry LP now owns 815 shares of the construction company’s stock valued at $51,000 after purchasing an additional 446 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of M/I Homes in the 1st quarter valued at $43,000. Envestnet Asset Management Inc. acquired a new position in shares of M/I Homes in the 4th quarter valued at $216,000. Profund Advisors LLC acquired a new position in shares of M/I Homes in the 4th quarter valued at $226,000. Finally, Captrust Financial Advisors lifted its stake in shares of M/I Homes by 28.6% in the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock valued at $86,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

About M/I Homes

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.