M/I Homes Inc (NYSE: MHO) has reported earnings for its first fiscal quarter (ending March 31) of $4.92 versus $3.73 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $17.94 versus $18.12 for the same period a year ago.
Recent Price Action
M/I Homes Inc (NYSE: MHO) stock closed at $122.42 on 4/24/24 after a large increase of 2.5%. Moreover, unusually high trading volume at 177% of normal accompanied the advance. The stock has risen 8.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MHO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
M/I Homes has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. M/I Homes has a very high Appreciation Score of 89 and a very high Power Rating of 93, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment