M/I Homes (NYSE:MHO - Get Free Report) announced its quarterly earnings data on Wednesday. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01), Zacks reports. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The business's revenue was up 4.8% on a year-over-year basis.
M/I Homes Trading Up 1.1%
NYSE:MHO traded up $1.31 during mid-day trading on Friday, hitting $122.41. The company had a trading volume of 274,101 shares, compared to its average volume of 281,611. M/I Homes has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The business's fifty day moving average is $111.68 and its two-hundred day moving average is $115.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.79 and a current ratio of 6.95. The firm has a market cap of $3.28 billion, a P/E ratio of 6.72 and a beta of 1.64.
Hedge Funds Weigh In On M/I Homes
Several hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in M/I Homes in the 1st quarter valued at approximately $114,000. United Services Automobile Association bought a new stake in M/I Homes in the 1st quarter valued at $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in M/I Homes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company's stock valued at $1,812,000 after purchasing an additional 703 shares during the period. Finally, Royal Bank of Canada boosted its stake in M/I Homes by 46.3% in the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company's stock valued at $3,400,000 after purchasing an additional 9,422 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on MHO shares. Raymond James Financial lowered their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.
Check Out Our Latest Analysis on MHO
M/I Homes Company Profile
(
Get Free Report)
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.
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