M/I Homes (MHO) Announces Quarterly Earnings, Beats Expectations By $0.09 EPS
M/I Homes (NYSE:MHO) announced its earnings results on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09, StockRatingsNetwork.com reports. The company had revenue of $234.84 million for the quarter, compared to the consensus estimate of $239.48 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis.
M/I Homes (NYSE:MHO) traded up 2.59% on Thursday, hitting $22.22. 164,479 shares of the company’s stock traded hands. M/I Homes has a one year low of $17.82 and a one year high of $27.88. The stock’s 50-day moving average is $22.63 and its 200-day moving average is $22.59. The company has a market cap of $543.0 million and a price-to-earnings ratio of 4.13.
A number of analysts have recently weighed in on MHO shares. Analysts at Zacks upgraded shares of M/I Homes from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $23.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. initiated coverage on shares of M/I Homes in a research note on Tuesday, March 18th. They set a “neutral” rating on the stock. Finally, analysts at TheStreet downgraded shares of M/I Homes to a “hold” rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.00.
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations and reporting segments: homebuilding and financial services.
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