Wedbush Has Bullish Forecast for M/I Homes Q3 Earnings

M/I Homes, Inc. (NYSE:MHO - Free Report) - Stock analysts at Wedbush upped their Q3 2025 earnings estimates for shares of M/I Homes in a note issued to investors on Wednesday, April 23rd. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $4.95 per share for the quarter, up from their prior forecast of $4.94. 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 2026 earnings at $4.09 EPS, Q2 2026 earnings at $5.11 EPS, Q3 2026 earnings at $5.47 EPS and Q4 2026 earnings at $6.04 EPS.

Other equities analysts have also issued research reports about the stock. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Raymond James decreased their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday. Finally, StockNews.com lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Trading Up 1.3 %

Shares of MHO traded up $1.39 during midday trading on Monday, hitting $108.71. The stock had a trading volume of 20,980 shares, compared to its average volume of 284,281. The business has a 50-day simple moving average of $112.57 and a two-hundred day simple moving average of $133.06. The firm has a market cap of $2.91 billion, a P/E ratio of 5.50 and a beta of 1.99. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.78 earnings per share.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHO. Hennessy Advisors Inc. acquired a new position in shares of M/I Homes in the fourth quarter worth $43,674,000. Millennium Management LLC increased its position in M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after purchasing an additional 110,086 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of M/I Homes by 17,898.5% during the 1st quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock worth $11,981,000 after purchasing an additional 104,348 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of M/I Homes by 81.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock valued at $22,484,000 after buying an additional 88,545 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after buying an additional 81,964 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.