M/I Homes (MHO) Scheduled to Post Earnings on Wednesday

M/I Homes (NYSE:MHO) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.96 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.66 EPS for the quarter, missing the consensus estimate of $4.94 by ($1.28). The firm had revenue of $972.59 million for the quarter, compared to analysts’ expectations of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. On average, analysts expect M/I Homes to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

M/I Homes Price Performance

MHO opened at $112.88 on Wednesday. The stock has a 50-day moving average price of $124.19 and a 200-day moving average price of $114.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.84 and a quick ratio of 1.68. The firm has a market cap of $3.13 billion, a PE ratio of 6.95 and a beta of 2.13. M/I Homes has a 1 year low of $61.35 and a 1 year high of $140.73.

Analyst Ratings Changes

Separately, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

Insider Activity

In other news, insider Ann Marie Hunker sold 2,461 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On M/I Homes

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in M/I Homes by 120.9% during the 1st quarter. Quarry LP now owns 815 shares of the construction company’s stock valued at $51,000 after buying an additional 446 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in M/I Homes during the 1st quarter valued at approximately $43,000. Envestnet Asset Management Inc. purchased a new stake in M/I Homes during the 4th quarter valued at approximately $216,000. Profund Advisors LLC bought a new position in shares of M/I Homes during the 4th quarter valued at approximately $226,000. Finally, Captrust Financial Advisors boosted its position in shares of M/I Homes by 28.6% during the 1st quarter. Captrust Financial Advisors now owns 1,947 shares of the construction company’s stock valued at $86,000 after acquiring an additional 433 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

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.