Wedbush Has Negative Forecast for M/I Homes Q1 Earnings

Key Points

• Wedbush has revised its earnings per share estimate for M/I Homes for Q1 2026, lowering it from $3.58 to $3.53, with a full-year estimate sitting at $18.44 per share.
• Despite the negative forecast from Wedbush, multiple analysts have given mixed ratings on M/I Homes, with upgrades from Zacks Research and Zelman & Associates indicating a consensus rating of "Buy."
• M/I Homes reported Q3 earnings of $4.14 per share, missing expectations by $0.23, alongside a decline in quarterly revenue of 1.4% year-over-year.

M/I Homes, Inc. (NYSE:MHO - Free Report) - Stock analysts at Wedbush dropped their Q1 2026 earnings per share estimates for M/I Homes in a research report issued to clients and investors on Wednesday, October 22nd. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $3.53 for the quarter, down from their prior forecast of $3.58. The consensus estimate for M/I Homes' current full-year earnings is $18.44 per share. Wedbush also issued estimates for M/I Homes' Q1 2027 earnings at $4.08 EPS.

Several other equities analysts have also issued reports on MHO. Zacks Research upgraded M/I Homes from a "strong sell" rating to a "hold" rating in a research report on Friday, September 26th. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of M/I Homes in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $162.50.

M/I Homes Price Performance

Shares of MHO opened at $132.11 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.78 and a current ratio of 6.85. The stock has a 50 day simple moving average of $144.31 and a 200 day simple moving average of $123.89. M/I Homes has a 52-week low of $100.22 and a 52-week high of $172.23. The firm has a market capitalization of $3.54 billion, a PE ratio of 7.76 and a beta of 1.70.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.37 by ($0.23). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The business's quarterly revenue was down 1.4% on a year-over-year basis.

Institutional Investors Weigh In On M/I Homes

Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in M/I Homes by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,983 shares of the construction company's stock valued at $286,000 after acquiring an additional 93 shares in the last quarter. SkyOak Wealth LLC lifted its stake in M/I Homes by 3.8% in the 3rd quarter. SkyOak Wealth LLC now owns 2,445 shares of the construction company's stock valued at $353,000 after acquiring an additional 90 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in M/I Homes in the 3rd quarter valued at approximately $28,000. Brendel Financial Advisors LLC bought a new stake in M/I Homes in the 3rd quarter valued at approximately $203,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in M/I Homes in the 3rd quarter valued at approximately $289,000. 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.

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