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

M/I Homes (NYSE:MHO) released its quarterly earnings data 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 return on equity of 19.94% and a net margin of 12.54%.

M/I Homes Price Performance

Shares of MHO stock traded down $5.48 during mid-day trading on Wednesday, hitting $129.78. 68,858 shares of the stock were exchanged, compared to its average volume of 292,877. M/I Homes has a 52-week low of $109.92 and a 52-week 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. The company has a market cap of $3.60 billion, a PE ratio of 6.95 and a beta of 2.29. The firm has a fifty day moving average of $144.84 and a 200 day moving average of $153.56.

Insider Activity at M/I Homes

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

Wall Street Analyst Weigh In

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

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.