M/I Homes (NYSE:MHO) issued its quarterly earnings results on Tuesday. The construction company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.09, MarketWatch Earnings reports. M/I Homes had a net margin of 4.17% and a return on equity of 13.46%. The company had revenue of $722.50 million during the quarter, compared to analysts’ expectations of $684.59 million. During the same quarter last year, the company posted $1.11 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year.
Shares of MHO stock opened at $29.42 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 6.23 and a quick ratio of 0.50. M/I Homes has a 52 week low of $20.34 and a 52 week high of $34.54. The company has a market capitalization of $719.88 million, a price-to-earnings ratio of 10.22 and a beta of 1.15.
Several equities analysts have commented on the stock. Wedbush cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Wednesday. JMP Securities cut shares of M/I Homes from an “outperform” rating to a “market perform” rating in a research report on Wednesday. They noted that the move was a valuation call. ValuEngine raised shares of M/I Homes from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research cut shares of M/I Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of M/I Homes by 6,064.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 274,686 shares of the construction company’s stock valued at $126,000 after purchasing an additional 270,230 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of M/I Homes by 502.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,642 shares of the construction company’s stock valued at $150,000 after purchasing an additional 4,705 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of M/I Homes in the 3rd quarter valued at $244,000. Meeder Asset Management Inc. acquired a new stake in shares of M/I Homes in the 4th quarter valued at $248,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of M/I Homes by 39.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the construction company’s stock valued at $256,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.
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M/I Homes Company Profile
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.
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