What is Wedbush’s Estimate for M/I Homes FY2024 Earnings?

M/I Homes, Inc. (NYSE:MHO) – Investment analysts at Wedbush lifted their FY2024 earnings per share estimates for shares of M/I Homes in a report issued on Monday, November 4th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $20.15 per share for the year, up from their prior estimate of $19.90. Wedbush has a “Outperform” rating and a $185.00 price objective on the stock. The consensus estimate for M/I Homes’ current full-year earnings is $19.76 per share. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

A number of other research analysts have also weighed in on the company. Raymond James increased their price target on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $155.91 on Tuesday. M/I Homes has a 12 month low of $92.14 and a 12 month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.52 and a quick ratio of 1.53. The business’s 50 day simple moving average is $162.53 and its 200-day simple moving average is $143.07. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 8.36 and a beta of 2.24.

Hedge Funds Weigh In On M/I Homes

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock worth $29,000 after acquiring an additional 71 shares during the last quarter. Bay Rivers Group increased its stake in shares of M/I Homes by 1.7% in the second quarter. Bay Rivers Group now owns 4,458 shares of the construction company’s stock valued at $544,000 after purchasing an additional 75 shares during the period. Xponance Inc. increased its stake in shares of M/I Homes by 4.9% in the second quarter. Xponance Inc. now owns 1,718 shares of the construction company’s stock valued at $210,000 after purchasing an additional 80 shares during the period. Truist Financial Corp increased its stake in shares of M/I Homes by 1.4% in the second quarter. Truist Financial Corp now owns 6,219 shares of the construction company’s stock valued at $760,000 after purchasing an additional 87 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in shares of M/I Homes by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 2,136 shares of the construction company’s stock valued at $366,000 after purchasing an additional 99 shares during the period. Institutional investors own 95.14% of the company’s stock.

About M/I Homes

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.