Wedbush Analysts Increase Earnings Estimates for M/I Homes

M/I Homes, Inc. (NYSE:MHO) – Analysts at Wedbush boosted their FY2024 earnings per share (EPS) estimates for shares of M/I Homes in a research report issued on Monday, November 4th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $20.15 per share for the year, up from their previous estimate of $19.90. Wedbush has a “Outperform” rating and a $185.00 price objective on the stock. The consensus estimate for M/I Homes’ current full-year earnings is $19.76 per share. Wedbush also issued estimates for M/I Homes’ Q4 2024 earnings at $5.16 EPS, Q1 2025 earnings at $4.89 EPS, Q2 2025 earnings at $5.28 EPS, Q3 2025 earnings at $5.63 EPS, Q4 2025 earnings at $6.27 EPS, FY2025 earnings at $22.07 EPS, Q1 2026 earnings at $5.16 EPS, Q2 2026 earnings at $5.50 EPS, Q3 2026 earnings at $6.21 EPS and FY2026 earnings at $23.55 EPS.

A number of other equities analysts have also recently weighed in on MHO. Raymond James upped their price target on M/I Homes from $200.00 to $210.00 and gave the stock a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com cut M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

M/I Homes Stock Performance

Shares of MHO stock opened at $155.91 on Tuesday. The stock has a market cap of $4.33 billion, a PE ratio of 8.36 and a beta of 2.24. The business has a 50-day simple moving average of $162.53 and a 200-day simple moving average of $143.07. The company has a quick ratio of 1.53, a current ratio of 6.52 and a debt-to-equity ratio of 0.33. M/I Homes has a 52-week low of $92.14 and a 52-week high of $176.18.

Hedge Funds Weigh In On M/I Homes

A number of hedge funds have recently made changes to their positions in MHO. V Square Quantitative Management LLC acquired a new position in shares of M/I Homes during the third quarter valued at approximately $27,000. Signaturefd LLC grew its position in shares of M/I Homes by 42.8% in the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC grew its position in shares of M/I Homes by 184.8% in the second quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after purchasing an additional 329 shares in the last quarter. Quarry LP grew its position in shares of M/I Homes by 148.0% in the second quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after purchasing an additional 333 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of M/I Homes in the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile

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.