M/I Homes Inc (NYSE:MHO) – Stock analysts at Wedbush lowered their FY2018 EPS estimates for M/I Homes in a research report issued on Monday, Zacks Investment Research reports. Wedbush analyst J. Mccanless now expects that the construction company will earn $4.11 per share for the year, down from their previous estimate of $4.19. Wedbush currently has a “Outperform” rating and a $41.00 price objective on the stock. Wedbush also issued estimates for M/I Homes’ Q4 2018 earnings at $1.46 EPS and FY2019 earnings at $4.71 EPS.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. ValuEngine raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Finally, TheStreet downgraded shares of M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $40.00.
M/I Homes (NYSE:MHO) last posted its earnings results on Thursday, February 1st. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $589.11 million. M/I Homes had a return on equity of 12.66% and a net margin of 3.56%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in M/I Homes by 7.8% during the fourth quarter. BlackRock Inc. now owns 4,097,303 shares of the construction company’s stock worth $140,947,000 after purchasing an additional 296,829 shares during the last quarter. Franklin Resources Inc. boosted its holdings in M/I Homes by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 3,032,954 shares of the construction company’s stock worth $104,334,000 after purchasing an additional 455,937 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in M/I Homes by 43.4% during the third quarter. Donald Smith & CO. Inc. now owns 2,338,617 shares of the construction company’s stock worth $62,511,000 after purchasing an additional 708,186 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in M/I Homes by 4.1% during the third quarter. ClariVest Asset Management LLC now owns 483,865 shares of the construction company’s stock worth $12,933,000 after purchasing an additional 19,029 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in M/I Homes by 451.7% during the fourth quarter. Renaissance Technologies LLC now owns 471,200 shares of the construction company’s stock worth $16,209,000 after purchasing an additional 385,791 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.
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M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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