M/I Homes (NYSE:MHO – Get Free Report) released its earnings results on Tuesday. The construction company reported $5.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.60 by $0.52, Zacks reports. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. M/I Homes had a net margin of 12.27% and a return on equity of 20.26%. During the same quarter in the previous year, the company earned $4.12 EPS.
M/I Homes Stock Down 0.5 %
Shares of M/I Homes stock traded down $0.77 on Wednesday, hitting $166.83. The company had a trading volume of 320,980 shares, compared to its average volume of 261,039. M/I Homes has a 1 year low of $74.79 and a 1 year high of $173.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.99 and a current ratio of 6.91. The stock has a 50 day moving average of $130.32 and a 200-day moving average of $126.58. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 9.75 and a beta of 2.23.
Analysts Set New Price Targets
MHO has been the topic of a number of research analyst reports. Wedbush reissued a “neutral” rating and set a $130.00 price objective (up previously from $116.00) on shares of M/I Homes in a research report on Wednesday, April 24th. Raymond James started coverage on shares of M/I Homes in a research report on Wednesday, July 24th. They issued a “strong-buy” rating and a $200.00 price target for the company. Finally, StockNews.com upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th.
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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