M/I Homes, Inc. (MHO) Given Average Recommendation of “Buy” by Brokerages
M/I Homes, Inc. (NYSE:MHO) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.00.
Several analysts recently commented on MHO shares. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Wednesday, August 30th. JMP Securities set a $38.00 price target on shares of M/I Homes and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of M/I Homes from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 31st.
In other M/I Homes news, insider Phillip G. Creek sold 25,400 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $32.08, for a total transaction of $814,832.00. Following the completion of the transaction, the insider now owns 60,971 shares in the company, valued at approximately $1,955,949.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert H. Schottenstein sold 15,800 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $31.90, for a total transaction of $504,020.00. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.
Shares of M/I Homes (MHO) opened at $34.75 on Thursday. The firm has a market cap of $990.47, a P/E ratio of 13.53 and a beta of 1.29. The company has a current ratio of 6.46, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. M/I Homes has a 12-month low of $22.55 and a 12-month high of $36.92.
M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The business had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $475.42 million. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts expect that M/I Homes will post 2.76 earnings per share for the current fiscal year.
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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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