M/I Homes Inc to Post Q1 2018 Earnings of $0.69 Per Share, Wedbush Forecasts (MHO)

M/I Homes Inc (NYSE:MHO) – Wedbush issued their Q1 2018 earnings estimates for shares of M/I Homes in a research note issued on Thursday. Wedbush analyst J. Mccanless anticipates that the construction company will post earnings of $0.69 per share for the quarter. Wedbush currently has a “Outperform” rating and a $41.00 target price on the stock. Wedbush also issued estimates for M/I Homes’ Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $1.50 EPS, FY2018 earnings at $4.19 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.32 EPS, Q4 2019 earnings at $1.82 EPS and FY2019 earnings at $5.25 EPS.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Thursday, February 1st. The construction company reported $0.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). M/I Homes had a net margin of 3.56% and a return on equity of 12.66%. The business had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $589.11 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Monday. TheStreet downgraded shares of M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. JMP Securities set a $38.00 price objective on shares of M/I Homes and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. M/I Homes currently has a consensus rating of “Buy” and an average target price of $40.00.

M/I Homes (NYSE:MHO) opened at $31.50 on Monday. M/I Homes has a 1-year low of $22.91 and a 1-year high of $37.41. The company has a debt-to-equity ratio of 1.08, a current ratio of 5.61 and a quick ratio of 1.04. The company has a market cap of $876.53, a P/E ratio of 13.88 and a beta of 1.21.

A number of large investors have recently modified their holdings of MHO. Donald Smith & CO. Inc. grew its position in M/I Homes by 43.4% in the third quarter. Donald Smith & CO. Inc. now owns 2,338,617 shares of the construction company’s stock valued at $62,511,000 after acquiring an additional 708,186 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in M/I Homes in the third quarter valued at approximately $4,251,000. BlackRock Inc. grew its position in M/I Homes by 3.3% in the second quarter. BlackRock Inc. now owns 3,700,251 shares of the construction company’s stock valued at $105,640,000 after acquiring an additional 117,165 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in M/I Homes by 173.7% in the second quarter. TIAA CREF Investment Management LLC now owns 173,519 shares of the construction company’s stock valued at $4,954,000 after acquiring an additional 110,115 shares in the last quarter. Finally, Cortina Asset Management LLC grew its position in M/I Homes by 96.6% in the third quarter. Cortina Asset Management LLC now owns 189,669 shares of the construction company’s stock valued at $5,070,000 after acquiring an additional 93,195 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

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About M/I Homes

M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.

Earnings History and Estimates for M/I Homes (NYSE:MHO)

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