M/I Homes (NYSE:MHO) Announces Quarterly Earnings Results

M/I Homes (NYSE:MHO) posted its earnings results on Wednesday. The construction company reported $4.71 EPS for the quarter, missing the consensus estimate of $4.96 by ($0.25), Zacks reports. M/I Homes had a net margin of 12.54% and a return on equity of 19.94%.

M/I Homes Price Performance

Shares of MHO traded down $4.00 during trading hours on Wednesday, hitting $131.26. 21,432 shares of the company were exchanged, compared to its average volume of 290,496. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 7.07 and a beta of 2.29. The firm’s fifty day moving average is $144.84 and its 200 day moving average is $153.56. M/I Homes has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. The trade was a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MHO shares. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $155.00 to $185.00 in a report on Monday, November 4th. StockNews.com cut shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

About M/I Homes

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.