M/I Homes, Inc. Common Stock (NYSE:MHO):
M/I Homes Reports 2016 Third Quarter Results.
The company is so far trading up from yesterday’s close of $21.29.
The stock last traded at $21.35 marginally under the 50 day moving average of $22.99 and a tad higher than the 200 day moving average of $20.95. The 50 day moving average went down $-1.64 or -7.13% and the 200 day average moved up $0.40.
The company currently has a P/E ratio of 12.19 and market cap is 526.66M. In the last earnings report the EPS was $1.75 and is projected to be $2.50 for the current year with 24,668,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.51 and the next full year EPS is anticipated to be $3.00.
Wall Street analysts have weighed in on the stock. February 9 investment analysts at JP Morgan held the company rating at “Neutral” and lowered the price expectation from $25.50 to $21.00. On January 13 JP Morgan kept the stock rating at “Neutral” and lowered the price target to $25.50 from $29.00.
April 24 investment analysts at Citigroup kept the company rating at “Neutral” but raised the price target to $24.00 from $23.00. On February 5 Citigroup maintained a company rating of “Neutral” but moved down the price target to $23.00 from $24.00.
On January 20 the stock rating was downgraded from “Market Outperform” to “Market Perform” and a price target of $25.00 was set by JMP Securities. On December 2 analysts at Wells Fargo issued its first research report on the stock giving it an initial rating of “Outperform”.