M/I Homes (NYSE:MHO) Releases Quarterly Earnings Results, Misses Expectations By $0.25 EPS

M/I Homes (NYSE:MHO) released its earnings results on Wednesday. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25), Zacks reports. M/I Homes had a net margin of 12.51% and a return on equity of 20.56%.

M/I Homes Stock Performance

Shares of NYSE MHO traded down $1.92 during midday trading on Friday, hitting $128.04. The company’s stock had a trading volume of 43,655 shares, compared to its average volume of 309,529. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 6.81. M/I Homes has a 1-year low of $109.92 and a 1-year high of $176.18. The firm’s fifty day moving average price is $143.92 and its 200-day moving average price is $153.38. The firm has a market cap of $3.55 billion, a P/E ratio of 6.50 and a beta of 2.29.

Wall Street Analyst Weigh In

MHO has been the subject of a number of research analyst reports. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James reissued a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research note on Thursday. Finally, Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $155.00 to $185.00 in a report on Monday, November 4th.

Insiders Place Their Bets

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

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.