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

M/I Homes (NYSE:MHO) issued its quarterly earnings results on Wednesday. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25), Zacks reports. M/I Homes had a net margin of 12.51% and a return on equity of 20.56%.

M/I Homes Trading Down 1.5 %

Shares of M/I Homes stock traded down $1.92 during trading on Friday, hitting $128.04. The stock had a trading volume of 43,655 shares, compared to its average volume of 309,529. M/I Homes has a 1 year low of $109.92 and a 1 year high of $176.18. The stock has a 50 day simple moving average of $143.92 and a 200 day simple moving average of $153.38. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $3.55 billion, a PE ratio of 6.50 and a beta of 2.29.

Insider Activity at M/I Homes

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

Wall Street Analyst Weigh In

MHO has been the subject of several recent research reports. Raymond James reissued a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a research note on Thursday. StockNews.com downgraded M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wedbush upgraded 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.

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.