M/I Homes (MHO) Scheduled to Post Earnings on Wednesday

M/I Homes (NYSE:MHO) will release 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 wish to register for the company’s earnings conference call can do so using this link.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating the consensus estimate of $4.60 by $0.52. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company 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 Trading Down 1.8 %

Shares of MHO stock opened at $157.36 on Monday. M/I Homes has a 12 month low of $78.04 and a 12 month high of $176.18. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $162.72 and its two-hundred day moving average is $141.22. The company has a market cap of $4.37 billion, a PE ratio of 9.05 and a beta of 2.23.

Insider Transactions at M/I Homes

In other news, CEO Robert H. Schottenstein sold 2,089 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.12, for a total value of $347,024.68. Following the sale, the chief executive officer now owns 122,951 shares in the company, valued at approximately $20,424,620.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other M/I Homes news, CEO Robert H. Schottenstein sold 2,089 shares of M/I Homes 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 owns 122,951 shares in the company, valued at $20,424,620.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Phillip G. Creek sold 2,767 shares of M/I Homes stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.24, for a total transaction of $459,986.08. Following the sale, the chief financial officer now owns 18,545 shares in the company, valued at $3,082,920.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on MHO. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. Raymond James raised their price objective on shares of M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd.

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.