Intraday Mover: M/I Homes Inc. (NYSE: MHO)

COLUMBUS, Ohio, June 30, 2019 – Shares of M/I Homes Inc. (NYSE: MHO) inclined 1.64% to $28.54. The stock grabbed the investor’s attention and traded 459.595K shares as compared to its average daily volume of 204.48K shares. The stock’s institutional ownership stands at 96.90%.

M/I Homes Inc. (MHO) reported first-quarter net income of $17.70M.

For the first quarter of 2019, the Company reported pre-tax income of $23.50M and net income of $17.70M, or $0.63 per diluted share.  This compares to pre-tax income of $23.90M and net income of $18.10M, or $0.60 per diluted share, for the first quarter of 2018.  Pre-tax income in the first quarter of 2019 included $0.40M of acquisition-related expense, contrast with $2.60M in the first quarter of 2018.

MHO has a market value of $818.24M while its EPS was booked as $3.76 in the last 12 months. The stock has 28.67M shares outstanding. In the profitability analysis, the company has gross profit margin of 19.40% while net profit margin was 4.60%. Beta value of the company was 1.07; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.

Loretta Morfin

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