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

M/I Homes (NYSE:MHO) issued its earnings results on Wednesday. The construction company reported $4.71 earnings per share 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 Trading Down 3.0 %

NYSE MHO traded down $4.00 on Wednesday, hitting $131.26. The company’s stock had a trading volume of 21,432 shares, compared to its average volume of 290,496. The company’s 50-day moving average is $144.84 and its 200 day moving average is $153.56. The firm has a market cap of $3.64 billion, a PE ratio of 7.07 and a beta of 2.29. M/I Homes has a 1-year low of $109.92 and a 1-year 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.

Insider Transactions at M/I Homes

In other news, CFO Phillip G. Creek sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $160.00, for a total transaction of $3,200,000.00. Following the completion of the transaction, the chief financial officer now directly owns 18,545 shares in the company, valued at $2,967,200. This trade represents a 51.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MHO. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

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.