An Evaluation Of M/I Homes Inc. (NYSE: MHO) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Volume reached 12,804 shares, with price reaching a high of $46.24 and a low of $46.24. Earlier, Yahoo Finance discussed this stock as it revealed M/I Homes Reports 2022 Second Quarter Results.

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Stocks Info

MHO belongs to the Consumer Cyclical sector of the NYSE while operating in the Residential Construction industry. At the end of the last regular session, the stock closed at $46.24 and fluctuated between $46.71 as its day high and $44.25 as its day low. The current market capitalization of M/I Homes Inc. is $1.32B. A total of 0.23 million shares were traded on the day, compared to an average of 293.20K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MHO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 2 BUYs and 33 SELLs from insiders. Insiders purchased 60,456 shares during that period but sold 19,300.

In the most recent transaction, SCHOTTENSTEIN ROBERT H sold 800 shares of MHO for 46.82 per share on Feb 22. After the transaction, the Chairman, CEO & President now owns 83,492 company shares. In a previous transaction on Feb 22, SCHOTTENSTEIN ROBERT H sold 17,500 shares at 46.57 per share. MHO shares that Chairman, CEO & President owns now total 84,292.

Among the insiders who sold shares, TRAEGER NORMAN L disposed of 1,000 shares on Aug 30 at a per-share price of $66.01. This resulted in the Director holding 15,531 shares of MHO after the transaction.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MHO in the last 3 months, the mean price target is $83.00 with high estimates of $83.00 and low estimates of $83.00. In terms of 52-week highs and lows, MHO has a high of $69.22 and a low of $34.33.

As of this writing, MHO has an earnings estimate of $4.05 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $4.05 per share and a lower estimate of $4.05. The company reported an EPS of $4.79 in the last quarter, which was 26.72% higher than expectations of $3.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MHO is Buy with a score of 5.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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