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

M/I Homes (NYSE:MHO) announced its earnings results on Tuesday. The construction company reported $5.12 EPS for the quarter, topping the consensus estimate of $4.60 by $0.52, Zacks reports. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. During the same period last year, the company posted $4.12 EPS.

M/I Homes Stock Down 0.5 %

Shares of MHO traded down $0.77 during mid-day trading on Wednesday, hitting $166.83. 320,980 shares of the company’s stock were exchanged, compared to its average volume of 261,039. The company has a market cap of $4.63 billion, a PE ratio of 9.60 and a beta of 2.23. M/I Homes has a 52 week low of $74.79 and a 52 week high of $173.86. The company has a 50-day simple moving average of $131.18 and a 200 day simple moving average of $126.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 1.99.

Wall Street Analysts Forecast Growth

MHO has been the topic of several research analyst reports. Raymond James started coverage on shares of M/I Homes in a report on Wednesday, July 24th. They set a “strong-buy” rating and a $200.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target (up from $116.00) on shares of M/I Homes in a research note on Wednesday, April 24th. Finally, StockNews.com raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th.

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.