M/I Homes, Inc. Common Stock (NYSE:MHO):
M/I Homes, Inc. Announces Third Quarter Earnings Webcast.
In the market the company is trading up by 0.28 percent from yesterday’s close.
It is trading at $21.35 barely below the 50 day moving average which is $22.99 and which is just a bit higher than the 200 day moving average of $20.95. The 50 day moving average went down $-1.64 or -7.13% whereas the 200 day average was up by +1.90%.
M/I Homes, Inc. Common Stock currently has a P/E ratio of 12.19 and the market cap is 526.66M. As of 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 currently outstanding. Next quarter’s EPS is estimated at $0.51 with next year’s EPS projected to be $3.00.
Several brokerage analysts have released ratings on the stock recently. February 9 investment analysts at JP Morgan left the stock rating at “Neutral” and lowered the price expectation from $25.50 to $21.00. On January 13 JP Morgan made no change to the company rating of “Neutral” but lowered the price target to $25.50 from $29.00.
April 24 investment analysts at Citigroup left the company rating at “Neutral” and raised the price target to $24.00 from $23.00. On February 5 Citigroup held the stock rating at “Neutral” but lowered the price expectation to $23.00 from $24.00.
On January 20 the company was downgraded to “Market Perform” from “Market Outperform” with a current price target of $25.00 by JMP Securities. On December 2 analysts at Wells Fargo initiated coverage on the stock by announcing an initial rating of “Outperform”.