M/I Homes Inc. (NYSE:MHO)’s share price fell 2.4% on Friday . The company traded as low as $22.23 and last traded at $22.46, with a volume of 86,770 shares trading hands. The stock had previously closed at $23.01.

The firm’s 50-day moving average price is $19.48 and its 200-day moving average price is $18.64. The company has a market capitalization of $556.29 million and a price-to-earnings ratio of 12.91.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by $0.01. The company earned $401.20 million during the quarter, compared to analysts’ expectations of $405.65 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. M/I Homes’s revenue was up 24.2% compared to the same quarter last year. Equities research analysts expect that M/I Homes Inc. will post $2.35 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in M/I Homes stock. Bank of Montreal Can raised its stake in shares of M/I Homes Inc. (NYSE:MHO) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 652,895 shares of the company’s stock after buying an additional 2,021 shares during the period. Bank of Montreal Can owned approximately 2.65% of M/I Homes worth $14,311,000 as of its most recent SEC filing.

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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