M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name. The company also purchases undeveloped land to develop into developed lots for the construction of single-family homes, as well as for sale to others. In addition, it originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. The company was formerly known as M/I Schottenstein Homes, Inc. and changed its name to M/I Homes, Inc. in January 2004. M/I Homes, Inc. was founded in 1976 and is based in Columbus, Ohio.
Wall Street Analysts Forecast Growth
Separately, TheStreet downgraded M/I Homes from a "b-" rating to a "c+" rating in a research note on Wednesday, July 6th.
M/I Homes Stock Performance
Shares of MHO Stock traded up $1.45 on Friday, reaching $48.21. The stock had a trading volume of 232,535 shares, compared to its average volume of 266,753. The stock has a market cap of $1.34 billion, a P/E ratio of 3.26 and a beta of 1.89. M/I Homes has a 1 year low of $34.33 and a 1 year high of $69.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.55 and a current ratio of 4.62. The company has a 50 day simple moving average of $43.05 and a 200 day simple moving average of $45.58.
M/I Homes (NYSE:MHO - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The construction company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $1.01. M/I Homes had a return on equity of 26.32% and a net margin of 11.23%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Equities research analysts expect that M/I Homes will post 16.45 EPS for the current year.