M/I Homes (NYSE:MHO) Issues Earnings Results

M/I Homes (NYSE:MHO) posted its quarterly earnings data on Wednesday. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25), Zacks reports. M/I Homes had a net margin of 12.54% and a return on equity of 19.94%.

M/I Homes Price Performance

M/I Homes stock traded down $5.48 during mid-day trading on Wednesday, reaching $129.78. 68,858 shares of the company’s stock traded hands, compared to its average volume of 292,877. M/I Homes has a 12-month low of $109.92 and a 12-month high of $176.18. The company has a quick ratio of 1.60, a current ratio of 6.81 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $144.84 and a two-hundred day moving average of $153.56. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 6.95 and a beta of 2.29.

Insider Transactions at M/I Homes

In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total value of $3,200,000.00. Following the transaction, the chief financial officer now owns 18,545 shares of the company’s stock, valued at $2,967,200. This represents a 51.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of several recent research reports. StockNews.com lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

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.