NYSE:MHOM/I Homes Stock Price, Forecast & News

$19.17

+2.20 (+12.96 %)

(As of 04/8/2020 04:00 PM ET)

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Today's Range

$17.04

Now: $19.17▼

$19.35

50-Day Range

$9.70

MA: $27.59▼

$42.90

52-Week Range

$9.62

Now: $19.17▼

$48.02

Volume402,212 shs

Average Volume378,615 shs

Market Capitalization$547.86 million

P/E Ratio4.29

Dividend YieldN/A

Beta1.62

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic 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 and Showcase Collection brand names. 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 incorporated in 1973 and is based in Columbus, Ohio.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
M/I Homes has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $45.50, M/I Homes has a potential upside of 137.1% from its current price of $19.19.
Amount of Analyst Coverage
M/I Homes has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
M/I Homes has received 195 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
M/I Homes has received 265 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
M/I Homes has received 57.61% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about M/I Homes and other stocks. Vote “Outperform” if you believe MHO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MHO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
M/I Homes does not currently pay a dividend.
Dividend Growth
M/I Homes does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, M/I Homes insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,908,312.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of M/I Homes is held by insiders.
Percentage Held by Institutions
96.04% of the stock of M/I Homes is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for M/I Homes are expected to grow by 10.83% in the coming year, from $4.80 to $5.32 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M/I Homes is 4.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of M/I Homes is 4.29, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 13.98.
Price to Book Value per Share Ratio
M/I Homes has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.77 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Operative builders

Sub-IndustryHomebuilding

SectorConstruction

Current SymbolNYSE:MHO

Previous Symbol

CUSIP55305B10

CIK799292

Webhttp://www.mihomes.com/

Phone614-418-8000

Debt

Debt-to-Equity Ratio0.77

Current Ratio6.31

Quick Ratio0.56

Price-To-Earnings

Trailing P/E Ratio4.29

Forward P/E Ratio3.99

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.50 billion

Price / Sales0.22

Cash Flow$7.49 per share

Price / Cash Flow2.56

Book Value$36.40 per share

Price / Book0.53

Profitability

EPS (Most Recent Fiscal Year)$4.63

Net Income$127.59 million

Net Margins5.10%

Return on Equity14.13%

Return on Assets6.24%

Miscellaneous

Employees1,401

Outstanding Shares28,579,000

Market Cap$547.86 million

Next Earnings Date4/22/2020 (Estimated)

OptionableOptionable

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M/I Homes (NYSE:MHO) Frequently Asked Questions

How has M/I Homes' stock been impacted by COVID-19 (Coronavirus)?

M/I Homes' stock was trading at $27.71 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MHO stock has decreased by 30.7% and is now trading at $19.19. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of M/I Homes?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M/I Homes in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for M/I Homes.

When is M/I Homes' next earnings date?

M/I Homes is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for M/I Homes.

How were M/I Homes' earnings last quarter?

M/I Homes Inc (NYSE:MHO) issued its quarterly earnings results on Wednesday, February, 5th. The construction company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.69 by $0.12. The construction company had revenue of $742.15 million for the quarter, compared to analysts' expectations of $754.06 million. M/I Homes had a return on equity of 14.13% and a net margin of 5.10%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. View M/I Homes' earnings history.

How will M/I Homes' stock buyback program work?

M/I Homes declared that its board has authorized a share repurchase plan on Tuesday, August 14th 2018, which allows the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

What price target have analysts set for MHO?

2 Wall Street analysts have issued 12-month price targets for M/I Homes' shares. Their forecasts range from $41.00 to $50.00. On average, they anticipate M/I Homes' share price to reach $45.50 in the next twelve months. This suggests a possible upside of 137.1% from the stock's current price. View analysts' price targets for M/I Homes.

Has M/I Homes been receiving favorable news coverage?

News coverage about MHO stock has been trending very negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. M/I Homes earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutM/I Homes.

Who are some of M/I Homes' key competitors?

Some companies that are related to M/I Homes include D. R. Horton (DHI), Lennar (LEN), NVR (NVR), PulteGroup (PHM), Toll Brothers (TOL), KB Home (KBH), Meritage Homes (MTH), M.D.C. (MDC), TRI Pointe Group (TPH), Cavco Industries (CVCO), Beazer Homes USA (BZH) and Hovnanian Enterprises (HOV).

What other stocks do shareholders of M/I Homes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other M/I Homes investors own include NVIDIA (NVDA), Boeing (BA), Alibaba Group (BABA), Verizon Communications (VZ), Intel (INTC), Altria Group (MO), Snap (SNAP), Stitch Fix (SFIX), General Motors (GM) and Applied Materials (AMAT).

Who are M/I Homes' key executives?

M/I Homes' management team includes the following people:

Mr. Robert H. Schottenstein, Chairman, Pres & CEO (Age 66)
Mr. Phillip G. Creek, Exec. VP, CFO & Director (Age 66)
Mr. J. Thomas Mason, Exec. VP, Sec., Chief Legal Officer & Director (Age 62)
Mr. Kevin C. Hake, Sr. VP of Fin. & Bus. Devel. and Treasurer (Age 60)
Mr. Paul S. Rosen, Sr. VP (Age 68)

What is M/I Homes' stock symbol?

M/I Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MHO."

Who are M/I Homes' major shareholders?

M/I Homes' stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%). Company insiders that own M/I Homes stock include Ann Marie Hunker, J Thomas Mason, Phillip G Creek and Robert H Schottenstein. View institutional ownership trends for M/I Homes.

Which institutional investors are buying M/I Homes stock?

MHO stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity for M/I Homes.

How do I buy shares of M/I Homes?

Shares of MHO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is M/I Homes' stock price today?

One share of MHO stock can currently be purchased for approximately $19.19.

How big of a company is M/I Homes?

M/I Homes has a market capitalization of $548.43 million and generates $2.50 billion in revenue each year. The construction company earns $127.59 million in net income (profit) each year or $4.63 on an earnings per share basis. M/I Homes employs 1,401 workers across the globe. View additional information about M/I Homes.

What is M/I Homes' official website?

The official website for M/I Homes is http://www.mihomes.com/.

How can I contact M/I Homes?

M/I Homes' mailing address is 3 EASTON OVAL SUITE 500, COLUMBUS OH, 43219. The construction company can be reached via phone at 614-418-8000 or via email at [email protected]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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NYSE:MHOM/I Homes Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage