Share on StockTwits

M/I Homes (NYSE:MHO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $24.90 price target on the stock. Zacks‘s price target would indicate a potential upside of 2.13% from the stock’s previous close.

M/I Homes (NYSE:MHO) traded up 0.45% during mid-day trading on Tuesday, hitting $24.38. 210,462 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 $26.30. The stock’s 50-day moving average is $22.95 and its 200-day moving average is $23.. The company has a market cap of $596.5 million and a price-to-earnings ratio of 4.62.

M/I Homes (NYSE:MHO) last released its earnings data on Thursday, April 24th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.09. 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts expect that M/I Homes will post $1.48 EPS for the current fiscal year.

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.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.