M/I Homes

MHO

Market cap $3.6B

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

COLUMBUS, Ohio , Nov. 12, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) today announced that its Board of Directors approved a new share repurchase authorization, pursuant to which the Company may purchase up to $250 million of its common shares. The $250 million authorization replaces the Company's prior authorization (which had $80 million of remaining availability as of November 11, 2025).

M/I Homes remains a 'buy' despite recent underperformance, supported by strong long-term returns and a leading market presence. MHO faces near-term headwinds from high-interest rates, inflation, and a weakening housing market, impacting deliveries, pricing, and backlog. Shares trade at attractive valuations relative to peers, with MHO boasting the lowest leverage and strong balance sheet flexibility.

M/I Homes reported Q3 2025 results with declining revenue and net income, missing earnings expectations for the fourth consecutive quarter. MHO faces headwinds from high mortgage rates and affordability issues for entry-level buyers, leading to reduced contracts, backlog, and increased cancellations. Despite a strong balance sheet and undervaluation relative to peers, MHO's growth is constrained by sensitivity to demand shifts and uncertain market conditions.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

M/I Homes, Inc. (MHO) Q3 2025 Earnings Call October 22, 2025 10:30 AM EDT Company Participants Phillip Creek - Executive VP, CFO & Director Robert Schottenstein - Chairman, President & CEO Derek Klutch - President & CEO of M/I Financial Conference Call Participants Kenneth Zener - Seaport Research Partners Alan Ratner - Zelman & Associates LLC Buck Horne - Raymond James & Associates, Inc., Research Division James McCanless - Wedbush Securities Inc., Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the M/I Homes' Third Quarter Earnings Conference Call. [Operator Instructions] This call is being recorded on October 22, 2025.

Although the revenue and EPS for M/I Homes (MHO) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

M/I Homes (MHO) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.37 per share. This compares to earnings of $5.1 per share a year ago.

COLUMBUS, Ohio , Oct. 22, 2025 /PRNewswire/ -- M/I Homes, Inc. (NYSE: MHO) announced results for the three and nine months ended September 30, 2025. 2025  Third Quarter Highlights: Homes delivered increased 1% to 2,296, a third quarter record Revenue declined 1% to $1.1 billion Pre-tax income of $140 million, 12% of revenue, down 26%; includes inventory charges of $7.6 million Net income of $106.5 million ($3.92 per diluted share) versus $145 million ($5.10 per diluted share) New contracts were 1,908, compared to 2,023 in last year's third quarter, a 6% decrease Shareholders' equity reached a record $3.1 billion, an 11% increase from a year ago, with book value per share increasing to a record high of $120 Repurchased $50 million of common stock Received upgrade from Moody's to Ba1 Extended our bank credit facility to 2030, and increased our borrowing capacity to $900 million The Company reported pre-tax income of $139.8 million and net income of $106.5 million ($3.92 per diluted share).

M/I Homes (MHO) reached $137.64 at the closing of the latest trading day, reflecting a +1.85% change compared to its last close.