M/I Homes, Inc. Common Stock (NYSE:MHO):
M/I Homes Reports 2016 Third Quarter Results.
The company is up from yesterday’s close of $21.29.
Shares last traded at $21.35 slightly below $22.99, the 50 day moving average and barely above the 200 day moving average of $20.95. The 50 day moving average moved down $-1.64 and the 200 day average went up $0.40 or +1.90%.
The company currently has a P/E ratio of 12.19 and the 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 currently outstanding. Next quarter’s EPS is forecasted to be $0.51 with next year’s EPS projected to be $3.00.
A few investment analysts have issued ratings on the stock of late. February 9 investment analysts at JP Morgan kept the company rating at “Neutral” but lowered the price target to $21.00 from $25.50. On January 13 JP Morgan maintained a stock rating of “Neutral” but lowered the price expectation from $29.00 to $25.50.
April 24 investment analysts at Citigroup left the stock rating at “Neutral” and moved up the price target to $24.00 from $23.00. On February 5 Citigroup made no change to the stock rating of “Neutral” and lowered the price target to $23.00 from $24.00.
On January 20 the stock rating was downgraded from “Market Outperform” to “Market Perform” with a current price target of $25.00 in a report from JMP Securities. On December 2, 2014 Wells Fargo starting coverage on MHO with an initial rating of “Outperform”.