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.
M/I Homes (MHO) reachead $131.95 at the closing of the latest trading day, reflecting a +0.96% change compared to its last close.
The MHO stock benefits from favorable macro trends, driving the housing market amid persisting inflationary pressures. Dive in to know more about the affecting factors.
In the most recent trading session, M/I Homes (MHO) closed at $133.97, indicating a -1.74% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the latest trading session, M/I Homes (MHO) closed at $133.97, marking a -1.78% move from the previous day.
M/I Homes remains a strong 'buy' due to attractive pricing, robust market position, and positive long-term growth, despite a recent 3.5% pullback. The company is a leading homebuilder in the US, operating in 17 markets with significant market share in key regions. Financial performance is solid with rising revenue and profitability, although operating cash flow saw a temporary dip due to working capital changes.