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

M/I Homes (NYSE:MHO - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect M/I Homes to post earnings of $4.94 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 EPS for the quarter, beating analysts' consensus estimates of $4.60 by $0.52. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.06 billion. M/I Homes had a return on equity of 20.50% and a net margin of 12.67%. During the same quarter in the prior year, the business earned $4.12 earnings per share. On average, analysts expect M/I Homes to post $20 EPS for the current fiscal year and $21 EPS for the next fiscal year.

M/I Homes Stock Performance

Shares of M/I Homes stock traded up $0.18 during trading hours on Wednesday, reaching $158.26. 179,016 shares of the stock traded hands, compared to its average volume of 275,632. M/I Homes has a one year low of $76.38 and a one year high of $176.18. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 9.09 and a beta of 2.23. The company has a quick ratio of 1.76, a current ratio of 6.62 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $161.91 and a 200 day moving average price of $140.61.

Insider Activity at M/I Homes

In other news, CFO Phillip G. Creek sold 2,767 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.24, for a total value of $459,986.08. Following the completion of the transaction, the chief financial officer now owns 18,545 shares of the company's stock, valued at $3,082,920.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Phillip G. Creek sold 2,767 shares of the business's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.24, for a total value of $459,986.08. Following the transaction, the chief financial officer now owns 18,545 shares of the company's stock, valued at approximately $3,082,920.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert H. Schottenstein sold 2,089 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.12, for a total transaction of $347,024.68. Following the transaction, the chief executive officer now owns 122,951 shares of the company's stock, valued at approximately $20,424,620.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MHO has been the subject of a number of research reports. StockNews.com cut shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Friday, October 18th. Raymond James boosted their price target on M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, August 2nd.

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.