M/I Homes (NYSE:MHO) Releases Earnings Results, Misses Expectations By $0.25 EPS

M/I Homes (NYSE:MHO - Get Free Report) released its quarterly 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 return on equity of 20.56% and a net margin of 12.51%.

M/I Homes Stock Performance

Shares of NYSE:MHO traded down $4.12 during trading on Friday, reaching $125.84. The company had a trading volume of 365,593 shares, compared to its average volume of 285,092. 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 debt-to-equity ratio of 0.33, a current ratio of 6.81 and a quick ratio of 1.60. The stock's fifty day moving average price is $142.70 and its 200 day moving average price is $153.17. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 6.38 and a beta of 2.29.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James reaffirmed a "strong-buy" rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday. StockNews.com downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th.

Insider Buying and Selling

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the company's stock in a transaction 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 owns 18,545 shares in the company, valued at approximately $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company's stock.

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.