Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
03 November 1993Website:
http://www.mihomes.comNext earnings report:
31 January 2025Last dividends:
27 June 2008Next dividends:
N/APrice
regular market | 4 min agoDividend
Analysts recommendations
Institutional Ownership
MHO Latest News
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
M/I Homes benefit from robust earnings, strategic market positioning, and favorable seasonality trends. Trading at a significant discount to sector peers, M/I Homes offers an appealing entry point for investors seeking value. Fed policy shifts and rising competition in affordable housing could impact buyer confidence and compress margins.
COLUMBUS, Ohio , Oct. 30, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights: Record third quarter homes delivered, revenue, and income Homes delivered increased 8% to 2,271 Revenue increased 9% to $1.1 billion Pre-tax income increased 6% to $188.7 million, 16.5% of revenue Net income increased 5% to $145.4 million ($5.10 per diluted share) Shareholders' equity reached an all-time record $2.8 billion, a 17% increase from a year ago, with book value per share of $105 New contracts were 2,023, compared to 2,021 in last year's third quarter Repurchased $50 million of common stock Return on equity of 20% The Company reported pre-tax income of $188.7 million and net income of $145.4 million ($5.10 per diluted share), both third quarter records.
M/I Homes, Inc. (MHO) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Phil Creek – Executive Vice President and Chief Financial Officer Bob Schottenstein – President and Chief Executive Officer Derek Klutch – President-Mortgage Company Conference Call Participants Alan Ratner – Zelman Kenneth Zener – Seaport Research Alex Barron – Housing Research Center Buck Horne – Raymond James Jay McCanless – Wedbush Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes Third Quarter Earnings Conference Call. At this time, all lines are in listen-only mode.
MHO's third-quarter 2024 results are likely to gain from Smart Series, land position and solid balance sheet amid higher expenses.
In the closing of the recent trading day, M/I Homes (MHO) stood at $158.26, denoting a +0.11% change from the preceding trading day.
In the latest trading session, M/I Homes (MHO) closed at $171.82, marking a -1.77% move from the previous day.
M/I Homes, Inc. MHO stock has been rallying of late, gaining 36.8% over the past three months. This Scottsdale, AZ-based company's shares have also performed better than the Zacks Building Products - Home Builders industry's 29.4% rise.
COLUMBUS, Ohio , Oct. 8, 2024 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What: M/I Homes, Inc. Announces Third Quarter Webcast When: October 30, 2024 @ 10:00AM Eastern Time Where: http://www.mihomes.com How: Live over the Internet -- Simply log on to the web at the address above Contact: Ann Marie Hunker, Vice President, Chief Accounting Officer, Controller of M/I Homes, Inc., [email protected], or 614-418-8225 Mark Kirkendall, Vice President, Treasurer of M/I Homes, Inc., [email protected], or 614-418-8021 If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.mihomes.com The company is expected to report third quarter earnings before the market opens on Wednesday, October 30, 2024. M/I Homes, Inc. is one of the nation's leading homebuilders of single-family homes.
In the latest trading session, M/I Homes (MHO) closed at $172.34, marking a +0.57% move from the previous day.
What type of business is M/I Homes?
M/I Homes, Inc. is one of the leading builders of single-family homes in the USA. The company was founded in 1973 and began its homebuilding operations in 1976. The office is located in Columbus, Ohio. M/I Homes, Inc. is involved in two main activities: Homebuilding - the most significant part of the business, includes designing and selling single-family homes, townhouses for first-time, move-up, and luxury buyers. In addition to home sales, homebuilding operations generate revenue from land and lot sales. Financial services - includes providing mortgage loans.
What sector is M/I Homes in?
M/I Homes is in the Consumer Cyclical sector
What industry is M/I Homes in?
M/I Homes is in the Residential Construction industry
What country is M/I Homes from?
M/I Homes is headquartered in United States
When did M/I Homes go public?
M/I Homes initial public offering (IPO) was on 03 November 1993
What is M/I Homes website?
https://www.mihomes.com
Is M/I Homes in the S&P 500?
No, M/I Homes is not included in the S&P 500 index
Is M/I Homes in the NASDAQ 100?
No, M/I Homes is not included in the NASDAQ 100 index
Is M/I Homes in the Dow Jones?
No, M/I Homes is not included in the Dow Jones index
When was M/I Homes the previous earnings report?
No data
When does M/I Homes earnings report?
The next expected earnings date for M/I Homes is 31 January 2025