Seaport Res Ptn Forecasts Stronger Earnings for M/I Homes

M/I Homes, Inc. (NYSE:MHO) – Research analysts at Seaport Res Ptn raised their FY2026 earnings estimates for M/I Homes in a report released on Wednesday, October 22nd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $14.37 per share for the year, up from their previous forecast of $13.95. The consensus estimate for M/I Homes’ current full-year earnings is $18.44 per share.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial boosted their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a research note on Wednesday, October 8th. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Zelman & Associates raised shares of M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $170.00.

M/I Homes Trading Down 1.7%

NYSE:MHO opened at $129.94 on Friday. M/I Homes has a one year low of $100.22 and a one year high of $172.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.85 and a quick ratio of 1.78. The company’s 50-day simple moving average is $144.05 and its 200 day simple moving average is $124.07. The firm has a market capitalization of $3.48 billion, a P/E ratio of 7.63 and a beta of 1.70.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $4.14 EPS for the quarter, missing the consensus estimate of $4.37 by ($0.23). M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.16 billion. M/I Homes’s quarterly revenue was down 1.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MHO. Salomon & Ludwin LLC purchased a new position in shares of M/I Homes during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its position in shares of M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after purchasing an additional 135 shares during the period. Private Trust Co. NA bought a new position in shares of M/I Homes during the third quarter worth $38,000. Nomura Asset Management Co. Ltd. boosted its position in shares of M/I Homes by 58.6% during the second quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company’s stock worth $52,000 after acquiring an additional 170 shares during the last quarter. Finally, WealthCollab LLC lifted its position in M/I Homes by 16.5% during the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 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.