M/I Homes, Inc. (MHO) to Post Q3 2017 Earnings of $0.76 Per Share, Wedbush Forecasts
M/I Homes, Inc. (NYSE:MHO) – Equities research analysts at Wedbush decreased their Q3 2017 earnings estimates for shares of M/I Homes in a research note issued on Friday. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $0.76 for the quarter, down from their prior forecast of $0.77. Wedbush also issued estimates for M/I Homes’ Q4 2017 earnings at $0.98 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $1.21 EPS and FY2018 earnings at $3.47 EPS.
Several other research firms have also weighed in on MHO. BidaskClub lowered shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. ValuEngine lowered shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. JMP Securities raised shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Saturday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. M/I Homes has a consensus rating of “Buy” and a consensus target price of $30.67.
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M/I Homes (MHO) opened at 28.79 on Monday. The company has a market cap of $722.74 million, a PE ratio of 13.62 and a beta of 1.09. The stock has a 50 day moving average price of $26.44 and a 200 day moving average price of $26.74. M/I Homes has a one year low of $20.40 and a one year high of $29.42.
M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $456.87 million during the quarter, compared to analysts’ expectations of $456.56 million. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. M/I Homes’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in M/I Homes by 3.3% in the 2nd quarter. BlackRock Inc. now owns 3,700,251 shares of the construction company’s stock valued at $105,640,000 after acquiring an additional 117,165 shares during the period. Donald Smith & CO. Inc. grew its stake in M/I Homes by 7.8% in the 2nd quarter. Donald Smith & CO. Inc. now owns 1,630,431 shares of the construction company’s stock valued at $46,549,000 after acquiring an additional 118,124 shares during the period. Vanguard Group Inc. grew its stake in M/I Homes by 16.9% in the 1st quarter. Vanguard Group Inc. now owns 1,354,514 shares of the construction company’s stock valued at $33,185,000 after acquiring an additional 195,533 shares during the period. State Street Corp grew its stake in M/I Homes by 1.6% in the 1st quarter. State Street Corp now owns 726,435 shares of the construction company’s stock valued at $17,797,000 after acquiring an additional 11,747 shares during the period. Finally, Royce & Associates LP grew its stake in M/I Homes by 11.9% in the 2nd quarter. Royce & Associates LP now owns 577,500 shares of the construction company’s stock valued at $16,488,000 after acquiring an additional 61,400 shares during the period.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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