Track market-moving stories before they get noisy

COLUMBUS, Ohio, Sept. 10, 2026 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announces the following Webcast: What:  M/I Homes, Inc. Announces Third Quarter Webcast When:              October 21, 2026 @ 10:30AM 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 second quarter earnings before the market opens on Wednesday, October 21, 2026.

In the latest close session, M/I Homes (MHO - Free Report) was down 3.35% at $143.29. The stock fell short of the S&P 500, which registered a loss of 0.58% for the day. On the other hand, the Dow registered a loss of 1.18%, and the technology-centric Nasdaq decreased by 0.32%.

Coming into today, shares of the homebuilder had gained 0.11% in the past month. In that same time, the Construction sector lost 7.66%, while the S&P 500 lost 0.36%.

Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company is forecasted to report an EPS of $3.15, showcasing a 23.91% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.1 billion, indicating a 2.78% downward movement from the same quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.5 per share and revenue of $4.2 billion, indicating changes of -15.2% and -4.86%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for M/I Homes. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. M/I Homes presently features a Zacks Rank of #3 (Hold).

From a valuation perspective, M/I Homes is currently exchanging hands at a Forward P/E ratio of 11.86. This valuation marks a discount compared to its industry average Forward P/E of 13.59.

The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Bank of America Corp DE reduced its holdings in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,353 shares of the construction company’s stock after selling 7,390 shares during the quarter. Bank of America Corp DE owned 0.57% of M/I Homes worth $17,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MHO. Hilton Head Capital Partners LLC bought a new position in shares of M/I Homes in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after acquiring an additional 135 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of M/I Homes during the 4th quarter valued at $49,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares in the last quarter. Finally, WealthCollab LLC boosted its holdings in M/I Homes by 16.5% in the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after buying an additional 87 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes A number of research firms have recently weighed in on MHO. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zelman & Associates cut M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. New Street Research set a $172.00 price target on M/I Homes in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.25.

View Our Latest Stock Analysis on M/I Homes Insider Activity In other M/I Homes news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $149.56, for a total transaction of $2,991,200.00. Following the completion of the transaction, the chief financial officer owned 30,918 shares in the company, valued at $4,624,096.08. The trade was a 39.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is owned by company insiders.

M/I Homes Price Performance M/I Homes stock opened at $154.56 on Thursday. The company has a quick ratio of 1.69, a current ratio of 7.65 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a 52-week low of $116.78 and a 52-week high of $163.66. The firm’s fifty day moving average is $150.38 and its 200 day moving average is $138.52. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 13.01 and a beta of 1.60.

M/I Homes (NYSE:MHO – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 EPS for the quarter, topping the consensus estimate of $3.13 by $0.01. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $4.42 earnings per share. Sell-side analysts forecast that M/I Homes, Inc. will post 12.62 EPS for the current fiscal year.

M/I Homes Profile (Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

See Also Five stocks we like better than M/I Homes Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHO – Free Report).

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Posted by Defense World Staff on Aug 13th, 2026

Assenagon Asset Management S.A. trimmed its stake in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) by 81.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,103 shares of the construction company’s stock after selling 94,560 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of M/I Homes worth $3,393,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in M/I Homes by 46.3% during the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock valued at $3,400,000 after buying an additional 9,422 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of M/I Homes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after buying an additional 703 shares during the period. United Services Automobile Association purchased a new stake in shares of M/I Homes in the first quarter worth about $205,000. Strs Ohio purchased a new stake in shares of M/I Homes in the first quarter worth about $114,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of M/I Homes by 90.6% in the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Analyst Upgrades and Downgrades Several brokerages recently commented on MHO. Zelman & Associates cut shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. New Street Research set a $172.00 price target on shares of M/I Homes in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Finally, Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.25.

Get Our Latest Stock Report on M/I Homes

M/I Homes Stock Down 0.6% MHO opened at $151.43 on Thursday. The business’s fifty day simple moving average is $148.97 and its 200 day simple moving average is $137.84. M/I Homes, Inc. has a 52 week low of $116.78 and a 52 week high of $163.66. The company has a quick ratio of 1.69, a current ratio of 7.65 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.83 billion, a PE ratio of 12.75 and a beta of 1.60.

M/I Homes (NYSE:MHO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.01. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.42 earnings per share. As a group, research analysts expect that M/I Homes, Inc. will post 12.62 earnings per share for the current fiscal year.

Insiders Place Their Bets In related news, CFO Phillip G. Creek sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total value of $1,512,800.00. Following the completion of the sale, the chief financial officer owned 30,918 shares in the company, valued at $4,677,275.04. The trade was a 24.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by insiders.

About M/I Homes (Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

Featured Stories Five stocks we like better than M/I Homes GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBank of America Corp DE Boosts Holdings in Vanguard FTSE All-World ex-US Small-Cap ETF $VSS

NEXT HEADLINE »Bank of America Corp DE Boosts Holdings in Franklin U.S. Core Bond ETF $FLCB

Posted by Defense World Staff on Aug 9th, 2026

California State Teachers Retirement System grew its stake in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) by 28.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,103 shares of the construction company’s stock after acquiring an additional 7,086 shares during the quarter. California State Teachers Retirement System owned about 0.13% of M/I Homes worth $3,931,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Readystate Asset Management LP purchased a new position in M/I Homes in the 1st quarter worth approximately $2,042,000. Empowered Funds LLC lifted its position in M/I Homes by 5.3% in the 1st quarter. Empowered Funds LLC now owns 15,001 shares of the construction company’s stock valued at $1,837,000 after acquiring an additional 750 shares in the last quarter. Quantinno Capital Management LP boosted its stake in M/I Homes by 13.1% during the 1st quarter. Quantinno Capital Management LP now owns 8,346 shares of the construction company’s stock valued at $1,022,000 after purchasing an additional 965 shares during the last quarter. SummitTX Capital L.P. boosted its stake in M/I Homes by 19.1% during the 1st quarter. SummitTX Capital L.P. now owns 42,574 shares of the construction company’s stock valued at $5,213,000 after purchasing an additional 6,816 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of M/I Homes in the 1st quarter worth $473,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Insider Buying and Selling In other M/I Homes news, CFO Phillip G. Creek sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $151.28, for a total value of $1,512,800.00. Following the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at approximately $4,677,275.04. This trade represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

M/I Homes Stock Performance MHO stock opened at $151.40 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.65 and a quick ratio of 1.59. M/I Homes, Inc. has a 1 year low of $116.78 and a 1 year high of $163.66. The company has a market cap of $3.83 billion, a P/E ratio of 12.74 and a beta of 1.60. The stock’s fifty day moving average price is $148.17 and its 200-day moving average price is $137.53.

M/I Homes (NYSE:MHO – Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $4.42 earnings per share. On average, equities analysts forecast that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

Analyst Ratings Changes A number of research analysts have recently issued reports on MHO shares. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. New Street Research set a $172.00 target price on shares of M/I Homes in a research note on Tuesday. Finally, Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Check Out Our Latest Report on MHO

M/I Homes Profile (Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

See Also Five stocks we like better than M/I Homes Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHO – Free Report).

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECalifornia State Teachers Retirement System Boosts Stock Position in Korn/Ferry International $KFY

NEXT HEADLINE »California State Teachers Retirement System Buys 12,719 Shares of Century Aluminum Company $CENX

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is MI Homes (MHO - Free Report) . MHO is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 8.69, which compares to its industry's average of 11.06. Over the past 52 weeks, MHO's Forward P/E has been as high as 9.36 and as low as 5.46, with a median of 6.64.

Finally, we should also recognize that MHO has a P/CF ratio of 7.62. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. MHO's P/CF compares to its industry's average P/CF of 12.13. Within the past 12 months, MHO's P/CF has been as high as 9.03 and as low as 5.22, with a median of 6.31.

These are only a few of the key metrics included in MI Homes's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, MHO looks like an impressive value stock at the moment.

M/I Homes, Inc. (MHO) Q2 2026 Earnings Call Transcript

, /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and six months ended June 30, 2026.

2026 Second Quarter Results:

New contracts increased 15% to 2,387, a second quarter record Homes delivered decreased 6% to 2,206 Revenue declined 9% to $1.1 billion Gross margin of 22% Pre-tax income of $105 million, including inventory charges of $4 million, 10% of revenue, down 35% Net income of $79 million ($3.02 per diluted share) versus $121 million ($4.42 per diluted share) Shareholders' equity reached a record $3.2 billion, with book value per share increasing to a record $128 Repurchased $50 million of common stock Return on equity of 10% Homebuilding debt to capital ratio of 18% The Company reported pre-tax income of $104.6 million and net income of $79.1 million ($3.02 per diluted share). These results include pre-tax inventory charges of $4.2 million ($0.12 per diluted share). This compares to pre-tax income of $160.1 million and net income of $121.2 million, or $4.42 per diluted share, for the second quarter of 2025. For the six months ended June 30, 2026, pre-tax income was $193.7 million and net income was $146.9 million, or $5.57 per diluted share. This compared to pre-tax income of $306.2 million and net income of $232.5 million, or $8.40 per diluted share, for the same period of 2025.

Homes delivered in 2026's second quarter decreased 6% to 2,206 homes. This compares to 2,348 homes delivered in 2025's second quarter. Homes delivered for the six months ended June 30, 2026 were 4,120 compared to 2025's deliveries of 4,324 for the six months ended June 30, 2025, a decrease of 5%. New contracts increased 15% to a record 2,387 for the second quarter of 2026 compared to 2,078 in last year's second quarter. For the first half of 2026, new contracts were 4,737 compared to 4,370 in 2025, an increase of 8%. Homes in backlog at June 30, 2026 had a total sales value of $1.31 billion, an 8% decrease from a year ago. Backlog units at June 30, 2026 decreased 6% to 2,426 homes, with an average sales price of $538,000. At June 30, 2025, backlog sales value was $1.43 billion, with backlog units of 2,577 and an average sales price of $553,000. M/I Homes had 234 communities at both June 30, 2026 and 2025. The Company's cancellation rate was 8% in the second quarter of 2026 compared to 13% in the second quarter of 2025.

Robert H. Schottenstein, Chief Executive Officer and President, commented, "We delivered solid second quarter results despite continued challenging market conditions. Highlights included a second quarter record of 2,387 new contracts, gross margins of 22%, a pre-tax margin of 10% and a return on equity of 10%."

Mr. Schottenstein added, "Notwithstanding current market conditions, we are confident in the long-term fundamentals of the housing industry and in our ability to navigate this uncertain environment. Our financial condition is excellent, highlighted by S&P's recent upgrade of our credit rating to BB+. We have a very strong balance sheet with record shareholders' equity of $3.2 billion, no borrowings under our $900 million unsecured credit facility, cash of $736 million, a homebuilding debt-to-capital ratio of 18%, and a net debt-to-capital ratio of negative 1%. Given the quality of our geographic footprint, the diversity of our product offering and continued focus on well-located communities, we are well positioned to have a solid 2026."

The Company will broadcast live its earnings conference call today at 10:30 A.M. Eastern Time. To listen to the call live, log on to the M/I Homes' website at mihomes.com, click on the "Investors" section of the site, and select "Listen to the Conference Call." A replay of the call will continue to be available on our website through July 2027.

M/I Homes, Inc., celebrating its 50th year in business in 2026, is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina and Nashville, Tennessee.

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "envisions," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors, including, without limitation, factors relating to the economic environment, interest rates, availability of resources, competition, market concentration, land development activities, construction defects, product liability and warranty claims and various governmental rules and regulations including changes in trade policy affecting business such as new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, as more fully discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.

M/I Homes, Inc. and Subsidiaries

Summary Statement of Income (unaudited)

(Dollars and shares in thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

New contracts

2,387

2,078

4,737

4,370

Average community count

232

230

232

227

Cancellation rate

8 %

13 %

8 %

11 %

Backlog units

2,426

2,577

2,426

2,577

Backlog sales value

$              1,305,248

$              1,425,138

$              1,305,248

$              1,425,138

Homes delivered

2,206

2,348

4,120

4,324

Average home closing price

$                        459

$                        479

$                        459

$                        477

Homebuilding revenue:

   Housing revenue

$              1,011,974

$              1,124,475

$              1,890,584

$              2,064,506

   Land revenue

18,948

6,667

29,814

11,209

Total homebuilding revenue

$              1,030,922

$              1,131,142

$              1,920,398

$              2,075,715

Financial services revenue

32,336

31,450

63,567

62,970

Total revenue

$              1,063,258

$              1,162,592

$              1,983,965

$              2,138,685

Cost of sales - operations

823,559

875,973

1,541,675

1,599,283

Cost of sales - inventory charges

4,200

—

4,200

—

Gross margin

$                235,499

$                286,619

$                438,090

$                539,402

General and administrative expense

70,198

67,247

131,384

126,320

Selling expense

64,023

63,655

119,363

116,441

Operating income

$                101,278

$                155,717

$                187,343

$                296,641

Interest income, net of interest expense

(3,286)

(4,377)

(6,391)

(9,574)

Income before income taxes

$                104,564

$                160,094

$                193,734

$                306,215

Provision for income taxes

25,496

38,851

46,834

73,735

Net income

$                  79,068

$                121,243

$                146,900

$                232,480

Earnings per share:

Basic

$                   3.08

$                   4.52

$                   5.69

$                   8.59

Diluted

$                   3.02

$                   4.42

$                   5.57

$                   8.40

Weighted average shares outstanding:

Basic

25,667

26,836

25,836

27,074

Diluted

26,193

27,406

26,376

27,673

M/I Homes, Inc. and Subsidiaries

Summary Balance Sheet and Other Information (unaudited)

(Dollars in thousands, except per share amounts)

As of

June 30,

2026

2025

Assets:

Total cash, cash equivalents and restricted cash

$   735,941

$   800,398

Mortgage loans held for sale

258,965

280,867

Inventory:

Lots, land and land development

1,850,007

1,683,930

Land held for sale

40,887

5,005

Homes under construction

1,387,441

1,403,582

Other inventory

226,963

194,089

Total Inventory

$ 3,505,298

$ 3,286,606

Property and equipment - net

34,446

33,749

Investments in joint venture arrangements

62,018

67,466

Operating lease right-of-use assets

51,929

56,403

Goodwill

16,400

16,400

Deferred income tax asset

4,508

13,451

Other assets

186,538

184,699

Total Assets

$ 4,856,043

$ 4,740,039

Liabilities:

Debt - Homebuilding Operations:

Senior notes due 2028 - net

$   398,814

$   398,040

Senior notes due 2030 - net

298,125

297,621

Total Debt - Homebuilding Operations

$   696,939

$   695,661

Notes payable bank - financial services operations

252,366

275,926

Total Debt

$   949,305

$   971,587

Accounts payable

244,494

252,476

Operating lease liabilities

53,732

57,997

Other liabilities

381,092

375,843

Total Liabilities

$ 1,628,623

$ 1,657,903

Shareholders' Equity

3,227,420

3,082,136

Total Liabilities and Shareholders' Equity

$ 4,856,043

$ 4,740,039

Book value per common share

$     127.88

$     117.01

Homebuilding debt to capital ratio (1)

18 %

18 %

(1)

 The ratio of homebuilding debt to capital is calculated as the carrying value of our homebuilding debt outstanding divided by the sum of the carrying value of our homebuilding debt outstanding plus shareholders' equity.

M/I Homes, Inc. and Subsidiaries

Selected Supplemental Financial and Operating Data (unaudited)

(Dollars in thousands)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Cash provided by operating activities

$      36,806

$      37,755

$     172,537

$    102,642

Cash used in investing activities

$     (11,873)

$     (12,318)

$        (6,755)

$     (15,246)

Cash used in financing activities

$     (56,408)

$       (1,417)

$    (119,030)

$   (108,568)

Land/lot purchases

$    131,056

$    101,751

$     210,296

$     247,734

Land development spending

$    154,742

$    139,008

$     259,105

$     240,607

Land sale revenue

$      18,948

$        6,667

$       29,814

$       11,209

Land sale gross profit

$        5,491

$        3,202

$         7,690

$         3,988

Financial services pre-tax income

$      14,423

$      14,476

$       28,520

$       30,582

M/I Homes, Inc. and Subsidiaries

Non-GAAP Financial Results (1)

(Dollars in thousands)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Net income

$      79,068

$    121,243

$    146,900

$    232,480

Add:

Provision for income taxes

25,496

38,851

46,834

73,735

Interest income - net

(6,156)

(7,726)

(11,996)

(15,767)

Interest amortized to cost of sales

7,952

8,227

14,646

15,128

Depreciation and amortization

5,333

4,904

10,587

9,681

Non-cash charges

8,761

3,916

12,946

8,116

Adjusted EBITDA

$    120,454

$    169,415

$    219,917

$    323,373

(1)

We believe these non-GAAP financial measures are relevant and useful to investors in understanding our operations and may be helpful in comparing us with other companies in the homebuilding industry to the extent they provide similar information. These non-GAAP financial measures should be used to supplement our GAAP results in order to provide a greater understanding of the factors and trends affecting our operations.

M/I Homes, Inc. and Subsidiaries

Selected Supplemental Financial and Operating Data

NEW CONTRACTS

Three Months Ended

Six Months Ended

June 30,

June 30,

%

%

Region

2026

2025

Change

2026

2025

Change

Northern

1,016

873

16 %

2,042

1,938

5 %

Southern

1,371

1,205

14 %

2,695

2,432

11 %

Total

2,387

2,078

15 %

4,737

4,370

8 %

HOMES DELIVERED

Three Months Ended

Six Months Ended

June 30,

June 30,

%

%

Region

2026

2025

Change

2026

2025

Change

Northern

892

967

(8) %

1,644

1,793

(8) %

Southern

1,314

1,381

(5) %

2,476

2,531

(2) %

Total

2,206

2,348

(6) %

4,120

4,324

(5) %

BACKLOG

June 30, 2026

June 30, 2025

Dollars

Average

Dollars

Average

Region

Units

(millions)

Sales Price

Units

(millions)

Sales Price

Northern

1,234

$       699

$  567,000

1,281

$       721

$  563,000

Southern

1,192

$       606

$  508,000

1,296

$       704

$  543,000

Total

2,426

$    1,305

$  538,000

2,577

$    1,425

$  553,000

LAND POSITION SUMMARY

June 30, 2026

June 30, 2025

Lots

Lots Under

Lots

Lots Under

Region

Owned

Contract

Total

Owned

Contract

Total

Northern

7,138

12,519

19,657

7,104

8,710

15,814

Southern

16,244

13,149

29,393

17,403

17,247

34,650

Total

23,382

25,668

49,050

24,507

25,957

50,464

M/I Homes, Inc. and Subsidiaries

Non-GAAP Reconciliation (1)

(Dollars and shares in thousands, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Income before income taxes

$    104,564

$  160,094

$    193,734

$  306,215

Add: Inventory charges (2)

4,200

—

4,200

—

Adjusted income before income taxes

$    108,764

$  160,094

$    197,934

$  306,215

Net income

$     79,068

$  121,243

$    146,900

$  232,480

Add: Inventory charges - net of tax (2)

3,176

—

3,185

—

Adjusted net income

$     82,244

$  121,243

$    150,085

$  232,480

Inventory charges - net of tax (2)

$       3,176

$          —

$       3,185

$       —

Divided by: Diluted weighted average shares outstanding

26,193

27,406

26,376

27,673

Diluted earnings per share related to inventory charges (2)

$        0.12

$          —

$        0.12

$       —

Add: Diluted earnings per share

3.02

4.42

5.57

8.40

Adjusted diluted earnings per share

$        3.14

$      4.42

$        5.69

$       8.40

(1)

We believe these non-GAAP financial measures are relevant and useful to investors in understanding our operations and may be helpful in comparing us with other companies in the homebuilding industry to the extent they provide similar information. These non-GAAP financial measures should be used to supplement our GAAP results in order to provide a greater understanding of the factors and trends affecting our operations.

(2)

Represents the related charges divided by diluted weighted average shares outstanding during the respective period as presented in the Summary Statement of Income.

SOURCE M/I Homes, Inc.

M/I Homes (MHO - Free Report) closed at $148.11 in the latest trading session, marking a +1.4% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.9%.

The homebuilder's stock has climbed by 3.38% in the past month, exceeding the Construction sector's loss of 3.74% and the S&P 500's gain of 1.27%.

The upcoming earnings release of M/I Homes will be of great interest to investors. The company's earnings report is expected on July 29, 2026. In that report, analysts expect M/I Homes to post earnings of $3.17 per share. This would mark a year-over-year decline of 28.28%. At the same time, our most recent consensus estimate is projecting a revenue of $1.18 billion, reflecting a 1.84% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.6 per share and a revenue of $4.37 billion, indicating changes of -14.52% and -0.98%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for M/I Homes. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. M/I Homes presently features a Zacks Rank of #3 (Hold).

With respect to valuation, M/I Homes is currently being traded at a Forward P/E ratio of 11.59. This expresses a discount compared to the average Forward P/E of 14.45 of its industry.

The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 194, finds itself in the bottom 22% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

M/I Homes (MHO - Free Report) ended the recent trading session at $163.00, demonstrating a +2.39% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 0.24%.

Prior to today's trading, shares of the homebuilder had gained 20.13% outpaced the Construction sector's gain of 10.65% and the S&P 500's loss of 1.42%.

Analysts and investors alike will be keeping a close eye on the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.17, reflecting a 28.28% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.18 billion, indicating a 1.84% increase compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $12.6 per share and revenue of $4.37 billion, which would represent changes of -14.52% and -0.98%, respectively, from the prior year.

Any recent changes to analyst estimates for M/I Homes should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. M/I Homes is currently a Zacks Rank #5 (Strong Sell).

Investors should also note M/I Homes's current valuation metrics, including its Forward P/E ratio of 12.63. This valuation marks a discount compared to its industry average Forward P/E of 16.76.

The Building Products - Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 231, which puts it in the bottom 6% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Shares of M/I Homes, Inc. (NYSE: MHO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a

M/I Homes (MHO - Free Report) ended the recent trading session at $120.47, demonstrating a -2.97% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.8%. Elsewhere, the Dow saw a downswing of 0.15%, while the tech-heavy Nasdaq appreciated by 1.6%.

The homebuilder's shares have seen a decrease of 3.71% over the last month, not keeping up with the Construction sector's gain of 7.69% and the S&P 500's gain of 5.15%.

Investors will be eagerly watching for the performance of M/I Homes in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 22, 2026. It is anticipated that the company will report an EPS of $2.64, marking a 33.67% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $929.65 million, reflecting a 4.76% fall from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.63 per share and a revenue of $4.48 billion, indicating changes of -7.53% and +1.36%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for M/I Homes. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, M/I Homes holds a Zacks Rank of #3 (Hold).

Investors should also note M/I Homes's current valuation metrics, including its Forward P/E ratio of 9.11. This represents a discount compared to its industry average Forward P/E of 13.45.

The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 12% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Posted by Defense World Staff on Apr 19th, 2026

M/I Homes, Inc. (NYSE:MHO – Get Free Report) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $161.6667.

Several brokerages have weighed in on MHO. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a research note on Thursday, January 22nd. Finally, Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research note on Friday, January 30th.

Read Our Latest Analysis on M/I Homes

M/I Homes Stock Performance NYSE:MHO opened at $126.48 on Friday. M/I Homes has a 12-month low of $102.44 and a 12-month high of $158.92. The company has a quick ratio of 1.86, a current ratio of 8.12 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.24 billion, a PE ratio of 8.60 and a beta of 1.77. The firm has a 50-day moving average price of $131.73 and a 200 day moving average price of $132.51.

M/I Homes (NYSE:MHO – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.03. M/I Homes had a net margin of 9.12% and a return on equity of 14.50%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $4.71 earnings per share. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Research analysts anticipate that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Insiders Place Their Bets In other news, CEO Robert H. Schottenstein sold 14,974 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction of $2,198,183.20. Following the sale, the chief executive officer directly owned 348,513 shares of the company’s stock, valued at $51,161,708.40. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Phillip G. Creek sold 8,616 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $146.80, for a total transaction of $1,264,828.80. Following the completion of the sale, the chief financial officer directly owned 45,815 shares of the company’s stock, valued at approximately $6,725,642. This represents a 15.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 49,213 shares of company stock valued at $7,115,268. 3.50% of the stock is currently owned by insiders.

Institutional Trading of M/I Homes A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Donald Smith & CO. Inc. increased its holdings in shares of M/I Homes by 5.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock valued at $187,234,000 after purchasing an additional 82,090 shares in the last quarter. State Street Corp increased its holdings in shares of M/I Homes by 2.2% in the fourth quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after purchasing an additional 28,187 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of M/I Homes by 10.9% in the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after purchasing an additional 91,732 shares in the last quarter. Millennium Management LLC increased its holdings in shares of M/I Homes by 107.5% in the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after purchasing an additional 225,120 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of M/I Homes by 5.3% in the fourth quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after purchasing an additional 16,445 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Company Profile (Get Free Report)

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.

See Also Five stocks we like better than M/I Homes

Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEJPMorgan Chase & Co. Issues Pessimistic Forecast for Church & Dwight (NYSE:CHD) Stock Price

NEXT HEADLINE »DHL Group Sponsored ADR (OTCMKTS:DHLGY) Given Average Rating of “Moderate Buy” by Brokerages

M/I Homes (MHO - Free Report) came out with quarterly earnings of $2.55 per share, missing the Zacks Consensus Estimate of $2.64 per share. This compares to earnings of $3.98 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -3.23%. A quarter ago, it was expected that this homebuilder would post earnings of $3.88 per share when it actually produced earnings of $3.91, delivering a surprise of +0.77%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

M/I Homes, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $920.71 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.96%. This compares to year-ago revenues of $976.09 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

M/I Homes shares have added about 0.7% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for M/I Homes?While M/I Homes has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for M/I Homes was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.86 on $1.24 billion in revenues for the coming quarter and $13.63 on $4.48 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Tri Pointe Homes , has yet to report results for the quarter ended March 2026.

This home builder is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -57.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Tri Pointe Homes' revenues are expected to be $622.7 million, down 13.6% from the year-ago quarter.

M/I Homes, Inc. (MHO) Q1 2026 Earnings Call Transcript

MI Homes (MHO - Free Report) is a Zacks Rank #5 (Strong Sell) after missing the Zacks Consensus Estimate in each of the last five quaters. The stock has a Zacks Style Score for Value of B and an D for Growth.  This company is highly impacted by interest rates and the dream of multiple interest rate cuts is turning into a nightmare.  This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.

Description                                             

M/I Homes, Inc. engages in the construction and development of residential properties. It operates through the following segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. The Northern Homebuilding segment includes Chicago, Illinois, Cincinnati, Ohio, Columbus, Ohio, Indianapolis, Indiana, Minneapolis or St. Paul, Minnesota, and Detroit, Michigan. The Southern Homebuilding segment refers to Orlando, Florida, Sarasota, Florida, Tampa, Florida, Fort Myers or Naples, Florida, Austin, Texas, Dallas or Fort Worth, Texas, Houston, Texas, San Antonio, Texas, Charlotte, North Carolina, Raleigh, North Carolina, and Nashville, Tennessee. The Financial Services segment offers mortgage banking services to homebuyers. The company was founded by Irving E. Schottenstein and Melvin Schottenstein in 1976 and is headquartered in Columbus, OH.

Earnings History

When I look at a stock, the first thing I do is look to see if the company is beating the number.  This tells me right away where the market’s expectations have been for the company and how management has communicated to the market.  A stock that consistently beats has management communicating expectations to Wall Street that can be achieved.  That is what you want to see.

In the case of MI Homes (MHO - Free Report) I see the company has missed the Zacks Consensus Estimate in each of the last four quarters. This alone does not make the stock a Zacks Rank #1 (Strong Buy) and it doesn’t make it a Zacks Rank #5 (Strong Sell) either.

The Zacks Rank does care about the earnings history, but it is much more heavily influenced by the movement of earnings estimates.

The most recent earnings report from MI Homes (MHO - Free Report) saw the company post $2.55 in EPS when the Zacks Consensus Estimate was calling for $2.64.  That 9 cent miss translates to a -3.4% earnings surprise.

Earnings Estimate Revisions

The Zacks Rank tells us which stocks are seeing earnings estimates move higher or in this case lower.  For MI Homes (MHO - Free Report) I see annual estimates for next year moving lower of late.

The current fiscal year consensus number has decreased from $13.10 to $12.60 over the last 30 days. 

The next fiscal year has estimates that have also declined, moving from $17.05 to $15.55 over the last 30 days.

Negative movement in earnings estimates are the primary is why this stock is a Zacks Rank #5 (Strong Sell). 

It should be noted that a lot of stocks in the Zacks universe are seeing negative earnings estimate revisions.  That means that the stocks that are seeing small but negative earnings estimate revisions are falling to a Zacks Rank #5 (Strong Sell).

, /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) today announced that Eugene D. Smith, formerly Senior Vice President and Director of Athletics at The Ohio State University and currently President of Gene Smith Consulting, LLC, was elected to the Company's Board of Directors at its 2026 Annual Meeting of Shareholders held on May 13, 2026. Mr. Smith succeeds Norman L. Traeger, who retired from the Board at the Annual Meeting.

In making the announcement, M/I Homes Chairman and CEO Robert H. Schottenstein stated: "We are very pleased to have Gene join our Board. He is a highly respected and accomplished leader, and his experience leading large, complex organizations, strategic perspective and sound judgment will benefit our Board and our Company. We also want to thank Norm Traeger for his many years of dedicated service and significant contributions to M/I Homes."

As President of Gene Smith Consulting, LLC, Mr. Smith provides leadership training services, with a particular focus on assisting athletic conference commissioners, athletic directors and coaches in the collegiate environment. Prior to founding Gene Smith Consulting, LLC, Mr. Smith was Director of Athletics at The Ohio State University, Arizona State University, Iowa State University and Eastern Michigan University. Mr. Smith currently serves as a director of Under Armour, Inc. In addition, he serves on the boards of the Big Ten Network, Arizona Sports Foundation, National Football Foundation and National Coalition of Minority Football Coaches.

M/I Homes, Inc., celebrating its 50th year in business in 2026, is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina and Nashville, Tennessee.

Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "envisions," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors, including, without limitation, factors relating to the economic environment, interest rates, availability of resources, competition, market concentration, land development activities, construction defects, product liability and warranty claims and various governmental rules and regulations including changes in trade policy affecting business such as new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, as more fully discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission.  All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.

SOURCE M/I Homes, Inc.

Investors in M/I Homes, Inc. (MHO - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the July 17, 2026 $85.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for M/I Homes shares, but what is the fundamental picture for the company? Currently, M/I Homes is a Zacks Rank #4 (Sell) in the Building Products - Home Builders industry that ranks in the Bottom 14% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $3.43 per share to $3.17 in that period.

Given the way analysts feel about M/I Homes right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

The housing market remains a focal point for investors as supply shortages clash with high borrowing costs. Deciding between M/I Homes (MHO +0.49%) and Champion Homes (SKY 1.00%) requires looking at two different building models.

M/I Homes focuses on traditional single-family residential construction across several major U.S. regions. Champion Homes takes a different approach by specializing in factory-built housing, including manufactured and modular units. Both companies serve the urgent need for residential supply, yet they operate with distinct cost structures and growth trajectories.

The case for M/I HomesM/I Homes builds single-family homes across 17 markets in the United States. It manages the entire process from construction to title and closing services. The company currently offers homes in 232 communities and targets a mix of first-time and move-up buyers looking for reliability.

In FY 2025, revenue reached nearly $4.4 billion, which represented a decrease of approximately 1.9% compared to the prior year. Net income for the fiscal year was roughly $402.9 million. This resulted in a net margin of approximately 9.1% for the period even as the company navigated higher material costs.

As of its December 2025 balance sheet, the company maintained a current ratio of nearly 24.2x, which measures its ability to cover short-term liabilities with liquid assets. The debt-to-equity ratio was approximately 0.3x, indicating that total debt is low relative to shareholder equity. Free cash flow for the year reached close to $120.7 million, providing capital to navigate the consumer discretionary stocks landscape.

The case for Champion HomesChampion Homes specializes in factory-built housing, producing everything from manufactured and modular homes to accessory dwelling units. The company operates 46 manufacturing facilities and dozens of retail locations across the U.S. and western Canada. This factory-controlled environment allows for higher production efficiency compared to traditional building methods.

During FY 2025, revenue grew by roughly 7.3% to reach approximately $2.7 billion. Net income for the year was nearly $214.2 million, showing consistent profitability across its retail and manufacturing segments. The company achieved a net margin of approximately 8.0% during this fiscal period as demand for affordable housing grew.

The debt-to-equity ratio for the company was approximately 0.1x as of the March 2026 balance sheet. This suggests a very conservative use of debt, which is defined as total debt divided by shareholder equity. Free cash flow for FY 2025 was nearly $269.7 million, demonstrating a strong ability to generate cash after paying for capital expenditures.

Risk profile comparisonM/I Homes faces pressure from the cyclical housing market and high interest rates. In 2025, the company recorded roughly $35.9 million in inventory impairments, which occur when the market value of land falls below its cost. It also deals with potential construction defect claims and regulatory delays in local municipalities.

Champion Homes navigates volatile raw material costs for lumber and steel. The company also carries significant contingent liabilities for wholesale financing provided to independent retailers. It competes in a highly concentrated industry against large players like Berkshire Hathaway and Cavco Industries.

Valuation comparisonM/I Homes appears to be the more value-oriented choice based on its lower earnings and sales multiples compared to its peer.

You can evaluate this by looking at the Forward P/E, which compares the stock price to future earnings estimates. Another useful metric is the P/S ratio, which measures the market value against total revenue.

MetricM/I HomesChampion HomesSector BenchmarkForward P/E10.4x22.0x29.5xP/S ratio0.8x1.5xn/aSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

The housing shortage throughout the U.S. means homebuilders remain in high demand, although growth potential depends heavily on mortgage rates and other economic factors. So, when comparing M/I Homes and Champion Homes, which one offers the better opportunity?

Champion and M/I serve different segments of the housing market. Champion focuses on manufactured, factory-built housing and accessory structures, providing a lower-cost option for consumers. This is especially important during periods of economic uncertainty and in high-interest-rate environments. It has retained a strong market share and substantial cash reserves to help it weather downturns in the homebuilding industry.

M/I Homes is a traditional site-built homebuilder. Although it has a history of strong performance, high interest rates may be affecting demand. But the company still has a backlog, strong free cash flow, and a low debt-to-equity ratio, indicating that it is financially disciplined.

So, which housing trend will dominate in the long term? Investors choosing between these two established homebuilders must consider that factor, along with the companies' financial metrics. But my preferred choice for 2026 is Champion, due to its emphasis on affordability and its stronger cash position.

M/I Homes (MHO - Free Report) closed the most recent trading day at $137.40, moving -2.4% from the previous trading session. This change lagged the S&P 500's 1.62% loss on the day. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.

The stock of homebuilder has risen by 9.99% in the past month, leading the Construction sector's loss of 1.1% and the S&P 500's loss of 0.03%.

The investment community will be paying close attention to the earnings performance of M/I Homes in its upcoming release. The company is forecasted to report an EPS of $3.17, showcasing a 28.28% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.18 billion, up 1.84% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.6 per share and a revenue of $4.37 billion, representing changes of -14.52% and -0.98%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for M/I Homes. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. M/I Homes currently has a Zacks Rank of #5 (Strong Sell).

In terms of valuation, M/I Homes is presently being traded at a Forward P/E ratio of 11.17. This denotes a discount relative to the industry average Forward P/E of 14.39.

The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 7% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.