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M/I Homes Inc (MHO)
:MHO
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
4.43Last Year’s EPS
5.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -2.77%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mix of positive financial metrics, such as strong gross margins and an increased community count, along with challenges like declining new contracts, revenues, and pressures on gross margins. The company maintains a robust equity position and successful mortgage operations. Despite challenges, the overall sentiment for future performance remains optimistic.Company Guidance
In the first quarter of fiscal year 2025, M/I Homes faced challenging macroeconomic conditions, posting solid results nonetheless. The company reported a 10% decrease in new contracts compared to the previous year, with gross margins at 25.9%, down 120 basis points year-over-year but showing a sequential improvement over the fourth quarter of 2024. Homes delivered decreased by 8% to 1,976 units, and revenues dropped by 7% to $976 million. Pre-tax income fell 19% to $146 million, though the pre-tax income margin remained strong at 15%. The company ended the quarter with a record 226 communities, aiming for a 5% average growth in community count in 2025. M/I Homes' balance sheet was robust, with $3 billion in equity, a debt-to-capital ratio of 19%, and a net debt-to-capital ratio of negative 3%. The company continues to employ mortgage rate buydowns, with 54% of buyers using this incentive, as a strategy to drive traffic and sales amid ongoing market uncertainties.Strong Gross Margin
The company reported a strong gross margin of 25.9% for the first quarter, which is a sequential improvement over the previous quarter, despite challenging economic conditions.
Record Equity Position
M/I Homes ended the quarter with an all-time record of $3 billion in equity, equating to a book value per share of $112.
Increased Community Count
The company reported a record 226 communities and plans to grow this by an average of 5% in 2025.
Successful Mortgage Operations
Mortgage and title operations achieved pre-tax income of $16.1 million, a 31% increase from the previous year.
Strong Buyer Profile
The credit quality of buyers remains robust with average credit scores of 746 and average down payments of nearly $90,000.
MHO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MHO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $109.33 | $105.39 | -3.60% |
Jan 29, 2025 | $135.26 | $128.44 | -5.04% |
Oct 30, 2024 | $153.45 | $153.00 | -0.29% |
Jul 30, 2024 | $166.67 | $167.60 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does M/I Homes Inc (MHO) report earnings?
M/I Homes Inc (MHO) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is M/I Homes Inc (MHO) earnings time?
M/I Homes Inc (MHO) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MHO EPS forecast?
MHO EPS forecast for the fiscal quarter 2025 (Q2) is 4.43.