M/I Homes Inc. (MHO) Given Average Rating of “Buy” by Analysts
Shares of M/I Homes Inc. (NYSE:MHO) have received an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 12 month consensus target price of $22.00 for the company and are anticipating that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also assigned M/I Homes an industry rank of 112 out of 265 based on the ratings given to related companies.
Shares of M/I Homes (NYSE:MHO) traded down 0.85% on Tuesday, reaching $23.39. The company’s stock had a trading volume of 54,614 shares. The firm has a market cap of $576.98 million, a price-to-earnings ratio of 13.36 and a beta of 1.11. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $20.56. M/I Homes has a 12 month low of $15.56 and a 12 month high of $25.48.
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M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. M/I Homes had a net margin of 3.46% and a return on equity of 10.95%. The business had revenue of $401.20 million for the quarter, compared to the consensus estimate of $405.65 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. On average, analysts anticipate that M/I Homes will post $2.50 EPS for the current year.
A number of large investors have recently modified their holdings of MHO. 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 boosted its position 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 last quarter. GSA Capital Partners LLP purchased a new position in M/I Homes during the second quarter valued at $203,000. Icon Advisers Inc. Co. purchased a new position in M/I Homes during the second quarter valued at $211,000. Finally, Thrivent Financial for Lutherans boosted its position 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 last quarter.
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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