M/I Homes (MHO) Set to Announce Earnings on Wednesday

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

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). The company had revenue of $972.59 million during the quarter, compared to analysts’ expectations of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. 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

Shares of NYSE:MHO opened at $111.09 on Monday. The company’s 50-day moving average is $123.56 and its 200 day moving average is $115.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. The company has a market capitalization of $3.08 billion, a P/E ratio of 6.84 and a beta of 2.13. M/I Homes has a fifty-two week low of $63.39 and a fifty-two week high of $140.73.

Insider Buying and Selling at M/I Homes

In other M/I Homes 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 sale, the insider now directly owns 2,342 shares of the company’s stock, valued at $300,970.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On M/I Homes

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of M/I Homes by 5.3% in the second quarter. BlackRock Inc. now owns 4,868,507 shares of the construction company’s stock worth $424,485,000 after buying an additional 246,699 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of M/I Homes by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 2,056,865 shares of the construction company’s stock worth $283,313,000 after buying an additional 95,437 shares in the last quarter. State Street Corp lifted its holdings in shares of M/I Homes by 1.1% in the second quarter. State Street Corp now owns 1,208,457 shares of the construction company’s stock worth $105,365,000 after buying an additional 13,183 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of M/I Homes by 33.2% in the second quarter. Goldman Sachs Group Inc. now owns 712,622 shares of the construction company’s stock worth $62,134,000 after buying an additional 177,667 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of M/I Homes by 219.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 700,737 shares of the construction company’s stock worth $44,209,000 after buying an additional 481,461 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.