NYSE:MHO

M/I Homes - MHO Stock Forecast, Price & News

$46.49

+1.31 (+2.90%)

(As of 12/1/2022 12:00 AM ET)

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Today's Range: $45.93
▼
$47.70
50-Day Range: $35.67
▼
$46.49
52-Week Range: $34.33
▼
$64.92

Volume: 238,654 shs
Average Volume: 289,670 shs
Market Capitalization: $1.28 billion

P/E Ratio: 2.83
Dividend Yield: N/A
Price Target: $63.00

M/I Homes MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 35.5% Upside
$63.00 Price Target
Short Interest: Healthy
3.55% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.25
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -31.84%
From $16.77 to $11.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Construction Sector

78th out of 107 stocks

Operative Builders Industry

9th out of 16 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $63.00, M/I Homes has a forecasted upside of 35.5% from its current price of $46.49.
Amount of Analyst Coverage
M/I Homes has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.55% of the float of M/I Homes has been sold short.
Short Interest Ratio / Days to Cover
M/I Homes has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in M/I Homes has recently decreased by 10.24%, indicating that investor sentiment is improving significantly.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MHO.

2.4

News and Social Media Coverage

News Sentiment
M/I Homes has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for M/I Homes this week, compared to 1 article on an average week.
MarketBeat Follows
3 people have added M/I Homes to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, M/I Homes insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.60% of the stock of M/I Homes is held by insiders.
Percentage Held by Institutions
91.21% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for M/I Homes are expected to decrease by -31.84% in the coming year, from $16.77 to $11.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M/I Homes is 2.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of M/I Homes is 2.83, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 18.52.
Price to Book Value per Share Ratio
M/I Homes has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About M/I Homes (NYSE:MHO) Stock

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.

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MHO Stock News Headlines

December 1, 2022 | msn.com

Christmas Homes Tour benefits homeless shelter

November 28, 2022 | msn.com

Groundbreaking housing program to build more than 400 affordable homes in Winston-Salem

October 27, 2022 | seekingalpha.com

M/I Homes, Inc. (MHO) Q3 2022 Earnings Call Transcript

October 26, 2022 | msn.com

M/I Homes: Q3 Earnings Insights

October 26, 2022 | bizjournals.com

M/I Homes breaks ground on 279-unit townhome project in north Charlotte

October 21, 2022 | seekingalpha.com

M/I Homes Is A Worthy Shelter

October 21, 2022 | seekingalpha.com

M/I Homes: Long-Term Housing Shortage Guarantees Growth

October 12, 2022 | nasdaq.com

M/I Homes (NYSE:MHO) shareholders have earned a 7.3% CAGR over the last five years

September 15, 2022 | finance.yahoo.com

5 Homebuilding Stocks to Watch Amid Rate-Hike & Inflation Woes

September 8, 2022 | bizjournals.com

M/I Homes receives zoning approval to expand Cascades at Onion Creek in South Austin

August 12, 2022 | seekingalpha.com

M/I Homes: Too Cheap Even If Pain Is Ahead

August 9, 2022 | seekingalpha.com

M/I Homes: Strong Q2 2022 Results And An Attractive Valuation

July 27, 2022 | seekingalpha.com

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q2 2022 Results - Earnings Call Transcript

July 27, 2022 | finance.yahoo.com

M/I Homes (MHO) Surpasses Q2 Earnings Estimates

July 5, 2022 | nasdaq.com

Notable Tuesday Option Activity: DDS, MHO, CRWD

July 4, 2022 | finance.yahoo.com

Returns On Capital Are Showing Encouraging Signs At M/I Homes (NYSE:MHO)

June 14, 2022 | finance.yahoo.com

M/I Homes begins sales at Chelsea Manor townhome development in Aurora

May 29, 2022 | finance.yahoo.com

At US$46.83, Is M/I Homes, Inc. (NYSE:MHO) Worth Looking At Closely?

May 19, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights NVR, TRI Pointe Group, M/I Homes, and Beazer Homes USA

May 10, 2022 | finance.yahoo.com

M/I Homes' (NYSE:MHO) investors will be pleased with their notable 60% return over the last three years

May 6, 2022 | finance.yahoo.com

Despite limited land and rising costs, here’s why homebuilders still like Orlando's Seminole County

April 28, 2022 | finance.yahoo.com

M/I continues to set records despite supply chain and labor struggles

April 27, 2022 | seekingalpha.com

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q1 2022 Results - Earnings Call Transcript

April 27, 2022 | finance.yahoo.com

M/I Homes (MHO) Beats Q1 Earnings Estimates

April 27, 2022 | investing.com

M/I Homes Earnings Beat, Revenue Misses In Q1

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MHO Company Calendar

Last Earnings: 10/27/2021
Today: 12/01/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/01/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Operative builders
Sub-Industry: Homebuilding
Sector: Construction
Current Symbol: NYSE:MHO
CUSIP: 55305B10
CIK: 799292
Web: www.mihomes.com
Phone: (614) 418-8000
Fax: 614-573-7172
Employees: 1,657
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $63.00
High Stock Price Forecast: $63.00
Low Stock Price Forecast: $63.00
Forecasted Upside/Downside: +35.5%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $16.45
Trailing P/E Ratio: 2.83
Forward P/E Ratio: 2.77
P/E Growth: N/A
Net Income: $396.87 million
Net Margins: 11.94%
Pretax Margin: 15.44%
Return on Equity: 26.75%
Return on Assets: 13.90%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 4.84
Quick Ratio: 0.37

Sales & Book Value

Annual Sales: $3.75 billion
Price / Sales: 0.34
Cash Flow: $15.34 per share
Price / Cash Flow: 3.03
Book Value: $70.65 per share
Price / Book: 0.66

Miscellaneous

Outstanding Shares: 27,429,000
Free Float: 26,442,000
Market Cap: $1.28 billion
Optionable: Optionable
Beta: 1.85

Key Executives

Mr. Robert H. Schottenstein (Age 69)
Chairman, Pres & CEO
Comp: $4.84M

Mr. Phillip G. Creek (Age 69)
Exec. VP, CFO & Director
Comp: $2.31M

Ms. Susan E. Krohne (Age 50)
Sr. VP, Chief Legal Officer & Sec.
Comp: $660.29k

Ms. Ann Marie W. Hunker
VP, Chief Accounting Officer & Corp. Controller

Mr. Kevin C. Hake (Age 63)
Sr. VP of Fin. & Bus. Devel.

Mr. Fred J. Sikorski (Age 67)
Region Pres of Columbus, Sarasota, Tampa, Orlando, Raleigh, Charlotte & WA D.C. Divisions

Mr. Thomas W. Jacobs (Age 56)
Region Pres, Austin, Dallas, Houston, San Antonio, Chicago, Minneapolis & St. Paul Divisions

Mr. Joe Fontana
Pres of Sarasota-Florida Division

Mr. Derek J. Klutch (Age 58)
Pres & CEO of M/I Financial

Mark Kirkendall
VP & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MHO Stock - Frequently Asked Questions

What is M/I Homes' stock price forecast for 2023?: 0 Wall Street research analysts have issued 1-year target prices for M/I Homes' stock. Their MHO share price forecasts range from $63.00 to $63.00. On average, they expect the company's share price to reach $63.00 in the next year. This suggests a possible upside of 35.5% from the stock's current price.
View analysts price targets for MHO or view top-rated stocks among Wall Street analysts.
How have MHO shares performed in 2022?: M/I Homes' stock was trading at $62.18 on January 1st, 2022. Since then, MHO stock has decreased by 25.2% and is now trading at $46.49.
View the best growth stocks for 2022 here.
When is M/I Homes' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our MHO earnings forecast.
How were M/I Homes' earnings last quarter?: M/I Homes, Inc. (NYSE:MHO) issued its quarterly earnings data on Wednesday, October, 27th. The construction company reported $3.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.47 by $0.44. The construction company earned $904.32 million during the quarter, compared to the consensus estimate of $975.60 million. M/I Homes had a trailing twelve-month return on equity of 26.75% and a net margin of 11.94%. During the same period in the prior year, the company posted $2.51 EPS.
What is Robert H. Schottenstein's approval rating as M/I Homes' CEO?: 31 employees have rated M/I Homes Chief Executive Officer Robert H. Schottenstein on Glassdoor.com. Robert H. Schottenstein has an approval rating of 69% among the company's employees.
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 Alibaba Group (BABA), Boeing (BA), Intel (INTC), NVIDIA (NVDA), Verizon Communications (VZ), Altria Group (MO), Baidu (BIDU), DexCom (DXCM), General Motors (GM) and CarMax (KMX).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.76%), Donald Smith & CO. Inc. (7.60%), Vanguard Group Inc. (7.08%), Dimensional Fund Advisors LP (4.98%), State Street Corp (4.30%) and Towle & Co (2.05%). Insiders that own company stock include Ann Marie Hunker, J Thomas Mason, Phillip G Creek and Robert H Schottenstein.
View institutional ownership trends.
How do I buy shares of M/I Homes?: Shares of MHO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is M/I Homes' stock price today?: One share of MHO stock can currently be purchased for approximately $46.49.
How much money does M/I Homes make?: M/I Homes (NYSE:MHO) has a market capitalization of $1.28 billion and generates $3.75 billion in revenue each year. The construction company earns $396.87 million in net income (profit) each year or $16.45 on an earnings per share basis.
How many employees does M/I Homes have?: The company employs 1,657 workers across the globe.
How can I contact M/I Homes?: M/I Homes' mailing address is 4131 WORTH AVENUE STE 500, COLUMBUS OH, 43219. The official website for the company is www.mihomes.com. The construction company can be reached via phone at (614) 418-8000, via email at investorrelations@mihomes.com, or via fax at 614-573-7172.

This page (NYSE:MHO) was last updated on 12/2/2022 by MarketBeat.com Staff

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