M/I Homes (MHO) to Release Quarterly Earnings on Wednesday

M/I Homes (NYSE:MHO) will release its earnings data before the market opens on Wednesday, April 24th. Analysts expect M/I Homes to post earnings of $3.96 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($1.28). M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. The company had revenue of $972.59 million for the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts expect M/I Homes to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

M/I Homes Trading Down 2.3 %

MHO opened at $112.88 on Wednesday. M/I Homes has a fifty-two week low of $61.35 and a fifty-two week high of $140.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 6.95 and a beta of 2.13. The company’s 50 day moving average price is $124.19 and its two-hundred day moving average price is $114.58.

Insider Transactions at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $128.51, for a total value of $316,263.11. Following the transaction, the insider now owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in shares of M/I Homes during the 4th quarter valued at $216,000. Evergreen Capital Management LLC acquired a new position in shares of M/I Homes during the 4th quarter valued at $214,000. Lido Advisors LLC acquired a new position in shares of M/I Homes during the 3rd quarter valued at $201,000. PFS Investments Inc. acquired a new position in shares of M/I Homes during the 4th quarter valued at $200,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of M/I Homes by 136.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,195 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a report on Monday, February 19th.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.