Seaport Res Ptn Increases Earnings Estimates for M/I Homes

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

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

Several other analysts have also commented on MHO. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Zelman & Associates raised shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of M/I Homes in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $162.50.

M/I Homes Stock Performance

MHO stock opened at $132.11 on Friday. M/I Homes has a 12-month low of $100.22 and a 12-month high of $172.23. The firm has a market cap of $3.54 billion, a PE ratio of 7.76 and a beta of 1.70. The business has a 50 day moving average of $144.31 and a 200-day moving average of $123.89. The company has a quick ratio of 1.78, a current ratio of 6.85 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On M/I Homes

Large investors have recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in shares of M/I Homes in the third quarter worth about $28,000. Private Trust Co. NA bought a new stake in M/I Homes during the 3rd quarter valued at $38,000. EverSource Wealth Advisors LLC raised its holdings in M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in M/I Homes by 58.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the construction company’s stock valued at $52,000 after acquiring an additional 170 shares during the period. Finally, WealthCollab LLC raised its holdings in M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.