M/I Homes Inc. (MHO) Stock Price Up 7%
M/I Homes Inc. (NYSE:MHO)’s share price rose 7% during mid-day trading on Wednesday . The stock traded as high as $23.01 and last traded at $22.18, with a volume of 369,730 shares trading hands. The stock had previously closed at $20.72.
The firm has a market capitalization of $548.86 million and a PE ratio of 13.36. The stock’s 50-day moving average is $19.21 and its 200 day moving average is $18.56.
M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $401.20 million for the quarter, compared to analysts’ expectations of $405.65 million. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. On average, equities analysts predict that M/I Homes Inc. will post $2.35 earnings per share for the current year.
Other institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its position in M/I Homes by 111.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 921,576 shares of the company’s stock worth $20,201,000 after buying an additional 486,646 shares during the period. Bank of Montreal Can raised its position in M/I Homes by 0.3% in the fourth quarter. Bank of Montreal Can now owns 652,895 shares of the company’s stock worth $14,311,000 after buying an additional 2,021 shares during the period. Finally, Nationwide Fund Advisors raised its position in M/I Homes by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 106,737 shares of the company’s stock worth $2,340,000 after buying an additional 331 shares during the period.
M/I Homes, Inc is a builder of single-family homes. The Company operating segment includes homebuilding and financial services. The homebuilding operations segment include design, market, construct and sell single-family homes, attached town homes, and condominiums to first-time, move-up, empty-nester and luxury buyers.
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