Q1 Earnings Estimate for M/I Homes Issued By Wedbush

Key Points

• Wedbush has issued Q1 2027 earnings estimates for M/I Homes, predicting an EPS of $3.88, with full-year earnings expected at $21.00 EPS.
• M/I Homes reported quarterly earnings of $4.42 EPS, which was slightly below the consensus estimate of $4.43 EPS, despite a revenue increase of 4.8% year-over-year.
• Analysts have recently lowered their ratings on M/I Homes, with Wall Street Zen downgrading it from "buy" to "hold" and Raymond James lowering its price target from $168.00 to $140.00.

M/I Homes, Inc. (NYSE:MHO - Free Report) - Research analysts at Wedbush issued their Q1 2027 EPS estimates for shares of M/I Homes in a research report issued to clients and investors on Thursday, July 24th. Wedbush analyst J. Mccanless expects that the construction company will earn $3.88 per share for the quarter. The consensus estimate for M/I Homes' current full-year earnings is $18.44 per share. Wedbush also issued estimates for M/I Homes' Q2 2027 earnings at $5.30 EPS and FY2027 earnings at $21.00 EPS.

Several other equities analysts also recently weighed in on MHO. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Raymond James Financial dropped their price target on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th.

M/I Homes Price Performance

Shares of NYSE MHO traded down $1.84 during trading on Friday, hitting $121.50. The company had a trading volume of 100,244 shares, compared to its average volume of 279,791. The stock has a fifty day simple moving average of $112.14 and a two-hundred day simple moving average of $115.22. M/I Homes has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.67 and a beta of 1.64. The company has a quick ratio of 1.72, a current ratio of 6.95 and a debt-to-equity ratio of 0.32.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year.

Hedge Funds Weigh In On M/I Homes

Large investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. lifted its holdings in shares of M/I Homes by 10.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock worth $146,489,000 after acquiring an additional 118,778 shares during the period. Franklin Resources Inc. grew its position in M/I Homes by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after acquiring an additional 15,685 shares in the last quarter. Millennium Management LLC grew its position in shares of M/I Homes by 109.4% during the first quarter. Millennium Management LLC now owns 500,207 shares of the construction company's stock worth $57,114,000 after buying an additional 261,381 shares in the last quarter. Northern Trust Corp grew its position in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after buying an additional 26,820 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of M/I Homes by 14.4% during the first quarter. Royce & Associates LP now owns 314,362 shares of the construction company's stock worth $35,894,000 after buying an additional 39,491 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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.