M/I Homes Inc. (NYSE:MHO) has been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 12 month consensus price objective of $27.00 for the company and are anticipating that the company will post $0.64 EPS for the current quarter, according to Zacks. Zacks has also given M/I Homes an industry rank of 112 out of 265 based on the ratings given to its competitors.
Shares of M/I Homes (NYSE:MHO) opened at 23.19 on Tuesday. The company has a 50 day moving average of $23.15 and a 200-day moving average of $20.62. The firm has a market cap of $572.05 million, a PE ratio of 13.24 and a beta of 1.11. M/I Homes has a 12-month low of $15.56 and a 12-month high of $25.48.
M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. The firm had revenue of $401.20 million for the quarter, compared to the consensus estimate of $405.65 million. M/I Homes had a return on equity of 10.95% and a net margin of 3.46%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Equities research analysts forecast that M/I Homes will post $2.50 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in M/I Homes by 362.5% in the second quarter. BlackRock Inc. now owns 6,974 shares of the company’s stock valued at $131,000 after buying an additional 5,466 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in M/I Homes by 96.5% in the second quarter. BNP Paribas Arbitrage SA now owns 8,082 shares of the company’s stock valued at $152,000 after buying an additional 3,968 shares during the period. GSA Capital Partners LLP bought a new stake in M/I Homes during the second quarter valued at about $203,000. Icon Advisers Inc. Co. bought a new stake in M/I Homes during the second quarter valued at about $211,000. Finally, Thrivent Financial for Lutherans raised its stake in M/I Homes by 4.4% in the second quarter. Thrivent Financial for Lutherans now owns 11,860 shares of the company’s stock valued at $223,000 after buying an additional 500 shares during the period.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment.
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