M/I Homes (MHO) reachead $106.52 at the closing of the latest trading day, reflecting a +0.23% change compared to its last close.
In the latest trading session, M/I Homes (MHO) closed at $115.72, marking a +1.21% move from the previous day.
In the most recent trading session, M/I Homes (MHO) closed at $115.79, indicating a -1.22% shift from the previous trading day.
In the latest trading session, M/I Homes (MHO) closed at $121.10, marking a -0.39% move from the previous day.
In the most recent trading session, M/I Homes (MHO) closed at $116.92, indicating a -1.85% shift from the previous trading day.
M/I Homes faces business challenges due to high mortgage rates, pressuring demand and margins forcing the use of rate buydowns as a key strategy. Q4 sequential results showed decelerating sales, increased rate buydowns, and gross margin compression, indicating potential challenges for 2025. The potential for rising land and labor costs, coupled with cautious share repurchase plans, add further pressure on MHO's future performance and investor sentiment.
M/I Homes, Inc. (MHO) Q4 2024 Earnings Call January 29, 2025 10:30 AM ET Company Participants Phil Creek - Chief Financial Officer Bob Schottenstein - President and Chief Executive Officer Derek Klutch - President Conference Call Participants Alan Ratner - Zelman & Associates Ken Zener - Seaport Research Partners Buck Horne - Raymond James Jay McCanless - Wedbush Operator Good morning, ladies and gentlemen and welcome to the M/I Homes Fourth Quarter and Year End Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, January 29 of 2025.
While the top- and bottom-line numbers for M/I Homes (MHO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
M/I Homes (MHO) came out with quarterly earnings of $4.71 per share, missing the Zacks Consensus Estimate of $4.83 per share. This compares to earnings of $3.66 per share a year ago.
In the latest trading session, M/I Homes (MHO) closed at $135.50, marking a -0.76% move from the previous day.
M/I Homes (MHO) reachead $137.68 at the closing of the latest trading day, reflecting a +0.48% change compared to its last close.
In the most recent trading session, M/I Homes (MHO) closed at $127.88, indicating a +0.88% shift from the previous trading day.