M/I Homes

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offer mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Earnings data Q1 2021

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M/I Homes achieves record revenue in Q4 amidst contract challenges

M/I Homes delivered strong financial performance in Q4 2022, with record revenue and income, despite challenges in contract volumes.
Operational strengths in key markets and resilient mortgage operations position the company well for future growth.
While facing margin pressures, cost reductions and operational improvements present opportunities for enhanced profitability in 2023.

M/I Homes posts record Q1 revenue and income growth

M/I Homes reported a robust first quarter with record revenue and income growth, despite challenges in gross margins and macroeconomic uncertainties.
The company's strong balance sheet, performance in key markets, and focus on expanding community count position it well for continued success in 2023.
Addressing challenges in cost management and pricing strategies while capitalizing on growth opportunities will be crucial for sustaining momentum and profitability.

M/I Homes reports robust Q2 performance, eyes digital growth strategies

M/I Homes' Q2 performance reflects resilience in a challenging environment, with strategic initiatives driving growth. The company faces challenges in managing costs and maintaining margins but has opportunities for expansion in key markets and through digital marketing efforts.

M/I Homes reports stellar Q3 results amidst pricing challenges

M/I Homes excelled in Q3 with strong financials and market performance. Challenges ahead include pricing pressure and limited pricing power. Opportunities lie in community expansion and market share gains through strategic initiatives.

M/I Homes reports outstanding 2023 performance, eyes sustainable growth

M/I Homes delivered exceptional financial results in 2023, driven by strong sales performance and operational efficiency. While facing challenges in home closings and rising land costs, the company is well-positioned to capitalize on growth opportunities by focusing on quality products and operational enhancements.

M/I Homes achieves record Q1 results, eyes growth opportunities

M/I Homes delivered exceptional results in Q1, driven by strong sales and operational performance.
Despite challenges like increasing land costs, the company's solid balance sheet and growth strategy position it well.
Opportunities lie in market demand, new store openings, and product appeal.
Overall, M/I Homes is on track for continued growth and success in 2024.

M/I Homes achieves record Q2 performance amidst economic uncertainties

M/I Homes excelled in Q2 2024 with robust financial metrics and operational performance.
The company's strategic focus on liquidity, land control, and cost management positions it well for future growth.
Despite economic uncertainties, M/I Homes remains well-positioned to capitalize on opportunities for expansion and efficiency.

M/I Homes reports record Q3 performance amidst industry challenges

M/I Homes demonstrated resilience in a challenging environment, achieving record performance metrics and maintaining a strong financial position. Strategic initiatives like mortgage rate buydowns and focus on product diversification position the company for sustained growth. Addressing challenges from industry headwinds and natural disasters, M/I Homes remains focused on driving demand and expanding its market presence.

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M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes Northern and Southern Homebuilding which designs, markets, constructs, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers. The Financial Services segment offers mortgage banking services to homebuyers. The company was founded by Irving Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Consensus is bullish per M/I Homes Inc but we see headwinds, downsides, and risks. The company had an excellent FY '21 and a good second quarter but there were downtrends that cut the share price a lot.

M/I Homes Is A Worthy Shelter

With rising interest rates and a fear of a slowdown in growth, the stock market has been skeptical of the home-building industry. Although MHO's stock price has decreased by 36.85% year to date, it has beaten earnings expectations for the last three quarters and the most recent quarter surpassed expectations by 26.5%.

M/I Homes: Long-Term Housing Shortage Guarantees Growth

Let's see if M/I Homes (MHO) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick M/I Homes (MHO) Stock Now?

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Although higher mortgage rates, a rise in input prices and land/labor costs pose risks, lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products - Home Builders industry. TMHC, CCS, DFH, MHO, and BZH are well positioned to gain.

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Investing in stocks, in its simplest form, is about finding cheap stocks to buy and selling them once they're at higher prices. The stock market has been volatile in 2022, and chances are it will remain that way throughout the year.

The 7 Best Cheap Stocks to Buy Now

COLUMBUS, Ohio , Aug. 18, 2022 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) today announced that Bruce A. Soll, formerly Vice Chair International of LBrands, Inc. and currently a counselor for Soll Advisors, LLC, has been appointed to the M/I Homes Board of Directors effective August 18, 2022.

BRUCE A. SOLL JOINS M/I HOMES BOARD

M/I Homes is trading at remarkably cheap levels and the company has an excellent operating history. Strength will likely continue through the rest of this year, but there are signs of pain for the future.

M/I Homes: Too Cheap Even If Pain Is Ahead

M/I Homes, Inc. (MHO) Q2 2022 Earnings Conference Call July 27, 2022 4:00 PM ET Company Participants Phil Creek - EVP and CFO Robert Schottenstein - CEO and President Susan Krohne - SVP and Chief Legal Officer Derek Klutch - President, Mortgage Company Ann Marie Hunker - VP, Chief Accounting Officer and Controller Mark Kirkendall - VP, Treasurer Conference Call Participants Jesse Lederman - Zelman & Associates Jay McCanless - Wedbush Art Winston - Pilot Advisors Alex Barron - Housing Research Center Adam Starr - Gulfside Asset Management Operator Thank you for joining. And welcome to the M/I Homes Second Quarter Earnings Conference Call.

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q2 2022 Results - Earnings Call Transcript

M/I Homes (MHO) delivered earnings and revenue surprises of 26.72% and 0.15%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

M/I Homes (MHO) Surpasses Q2 Earnings Estimates

COLUMBUS, Ohio , July 27, 2022 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and six months ended June 30, 2022. 2022 Second Quarter Highlights: Revenue increased 8% to $1.0 billion, a second quarter record Pre-tax income increased 29% to $182 million, an all-time quarter record Net income, an all-time quarter record, increased 27% to $137 million ($4.79 per diluted share) from  2021's $108 million ($3.58 per diluted share) Homes delivered decreased 6% to 2,133 and average sales price increased 16% to $477,000 New contracts of 1,820, down 20% with average community count down 8% Backlog units decreased 5% to 5,213 Backlog sales value increased 9% to $2.7 billion, a second quarter record Shareholders' equity reached an all-time record of $1.8 billion, a 24% increase from a year ago, with book value per share of $66 Homebuilding debt to capital ratio of 28% compared to 31% at June 30, 2021 Return on equity improved to 27% For the second quarter of 2022, the Company reported pre-tax income of $182.2 million and net income of $136.8 million, or $4.79 per diluted share.

M/I Homes Reports 2022 Second Quarter Results

These seven cheap stocks to buy are a great deal compared to their sectors and based on their fundamental financial ratios. The post 7 Cheap Stocks to Buy in July 2022 appeared first on InvestorPlace.

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These 7 most undervalued small-cap stocks to buy in June have high odds for a strong rebound if there is an investor sentiment shift. The post The 7 Most Undervalued Small-Cap Stocks to Buy for June appeared first on InvestorPlace.

The 7 Most Undervalued Small-Cap Stocks to Buy for June

Talking about a housing crash generates a lot of click bait in the news today. The reality is far different. Housing is on firm footing. Builders are operating in an environment where demand is massively greater than supply. An environment where they cannot build enough houses to meet demand.

M/I Homes: Buy Now At Decade Low Valuation Multiples

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Although a rise in input prices, higher mortgage rates and land/labor costs pose risks, higher demand is likely to drive the Zacks Building Products - Home Builders industry. NVR, TPH, MHO, and BZH are well positioned to gain.

4 Stocks to Play the Strength in the Homebuilding Industry

M/I Homes (MHO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why M/I Homes (MHO) Might be Well Poised for a Surge

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Stock prices that beat the market are definitely worth a closer look.

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Spending on residential construction projects has been helping the construction sector, boding well for stocks like NVR, Inc (NVR), Beazer Homes USA, Inc. (BZH), M/I Homes, Inc. (MHO) and Tri Pointe Homes, Inc. (TPH).

Construction Spending Continues to Rise: 4 Stocks to Buy

M/I Homes, Inc. (MHO) Q1 2022 Earnings Conference Call April 27, 2022 4:00 PM ET Company Participants Phillip Creek - EVP and CFO Robert Schottenstein - CEO and President Susan Krohne - SVP and Chief Legal Officer Derek Klutch - President, Mortgage Company Ann Marie Hunker - VP, Chief Accounting Officer and Controller Mark Kirkendall - VP, Treasurer Conference Call Participants Art Winston - Pilot Advisors Alex Barron - Housing Research Center Jay McCanless - Wedbush Jesse Lederman - Zelman & Associates Operator Hello, and welcome to today's M/I Homes First Quarter Earnings Conference Call. My name is Elliot, and I will be coordinating your call today.

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q1 2022 Results - Earnings Call Transcript

M/I Homes (MHO) delivered earnings and revenue surprises of 6.04% and 3.08%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

M/I Homes (MHO) Beats Q1 Earnings Estimates

COLUMBUS, Ohio , April 27, 2022 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three months ended March 31, 2022. 2022 First Quarter Highlights: Revenue increased 4% to $860.8 million, a first quarter record Pre-tax income increased 11% to $122.3 million, a first quarter record Net income, a first quarter record, increased 8% to $91.8 million ($3.16 per diluted share) from 2021's $84.9 million ($2.85 per diluted share) Homes delivered decreased 10% to 1,823 and average sales price increased 16% to $457,000 New contracts decreased 19% to 2,514 contracts Backlog units increased 1% to 5,526, an all-time quarterly record Backlog sales value increased 17% to $2.8 billion, an all-time quarterly record For the first quarter of 2022, the Company reported pre-tax income of $122.3 million and net income of $91.8 million, or $3.16 per diluted share.

M/I Homes Reports 2022 First Quarter Results

M/I Homes bargain PE multiple is unwarranted in light of strong financial condition, robust backlog, and solid execution. DCF analysis indicates that the downside has been more than factored into the stock price.

M/I Homes: Deep Value Play And Potential Takeover Target

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The homebuilder and mortgage insurance stocks today sell at P/E ratios that are fractions of the S&P 500. Realtors retain high P/E ratios even after significant sell-offs. I review the assumptions investors are implicitly making about the housing market and argue that they are largely driven by emotion, not facts.

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M/I Homes (MHO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

M/I Homes (MHO) Upgraded to Buy: Here's What You Should Know

My liquidation value estimate adjusts M/I's investment in 45,000 lots to their market value. I am optimistic that profits generated by selling the homes on these lots will remain strong because on the ongoing U.S. housing shortage.

Homebuilder M/I Homes: Selling Below Liquidation Value. That's Cheap In My Book

M/I Homes, Inc. (MHO) CEO Robert Schottenstein on Q4 2021 Results - Earnings Call Transcript

News for M/I Homes Stock (MHO)