M/I Homes (NYSE:MHO) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, The Fly reports. Wedbush also issued estimates for M/I Homes’ Q4 2018 earnings at $1.23 EPS, FY2018 earnings at $3.96 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.82 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $1.26 EPS, FY2019 earnings at $3.64 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $1.28 EPS and FY2020 earnings at $3.75 EPS.
Several other research analysts have also weighed in on the stock. JMP Securities set a $30.00 target price on shares of M/I Homes and gave the stock a “buy” rating in a research note on Monday, October 15th. ValuEngine raised shares of M/I Homes from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 6th. Finally, Zacks Investment Research cut shares of M/I Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th.
Shares of MHO opened at $29.42 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 6.23 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $719.88 million, a P/E ratio of 10.22 and a beta of 1.15. M/I Homes has a 12-month low of $20.34 and a 12-month high of $34.54.
M/I Homes (NYSE:MHO) last announced its earnings results on Tuesday, February 5th. The construction company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.22. The company had revenue of $722.50 million during the quarter, compared to analyst estimates of $684.59 million. M/I Homes had a net margin of 4.17% and a return on equity of 13.46%. M/I Homes’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. Equities research analysts anticipate that M/I Homes will post 3.99 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in M/I Homes by 6,064.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 274,686 shares of the construction company’s stock valued at $126,000 after buying an additional 270,230 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of M/I Homes during the 3rd quarter worth $244,000. Meeder Asset Management Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth $248,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of M/I Homes by 39.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the construction company’s stock worth $256,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of M/I Homes during the 4th quarter worth $284,000. 96.35% of the stock is currently owned by institutional investors.
M/I Homes Company Profile
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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