M/I Homes Inc. (MHO) Shares Down 2.4%
Shares of M/I Homes Inc. (NYSE:MHO) traded down 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. The stock had previously closed at $23.01.
The firm has a market cap of $556.26 million and a P/E ratio of 13.54. The firm has a 50 day moving average price of $19.48 and a 200 day moving average price of $18.64.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.01. The company had revenue of $401.20 million for the quarter, compared to analysts’ expectations of $405.65 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Equities analysts anticipate that M/I Homes Inc. will post $2.35 EPS for the current fiscal year.
Other institutional investors recently made changes to their positions in the company. Donald Smith & CO. Inc. increased its position in shares of M/I Homes by 111.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 921,576 shares of the company’s stock valued at $20,201,000 after buying an additional 486,646 shares during the period. Bank of Montreal Can increased its position in shares of M/I Homes by 0.3% in the fourth quarter. Bank of Montreal Can now owns 652,895 shares of the company’s stock valued at $14,311,000 after buying an additional 2,021 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of M/I Homes by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 106,737 shares of the company’s stock valued at $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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