M/I Homes Inc (MHO)
NYSE:MHO
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Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.51Last Year’s EPS
4.42Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but fundamentally stable picture: the company demonstrated a very strong balance sheet, record book value per share, continued sales momentum (new contracts +3% and sold homes +3%), and an improved mortgage capture rate, which supported profitability. However, profitability metrics materially declined (pretax income -39%, EBITDA -36%, EPS -36%) driven by a 390 bps gross margin compression, higher incentives and lot costs, and regional volume variances. Management emphasized discipline on land, inventory and rate-buys, and highlighted market diversification and buyer quality as offsets to near-term margin pressure.Company Guidance
Strong Balance Sheet and Liquidity
Record shareholders' equity of $3.2 billion, cash balance of $767 million (over $750M), no borrowings under the $900M revolving credit facility, debt-to-capital 18% and net debt-to-capital negative 2%.
Record Book Value Per Share
Book value per share reached a record $125, an increase of 11% year-over-year (a $12 per share gain).
Sales Momentum and New Contracts Growth
New contracts increased 3% year-over-year (up 11% in January, up 7% in February, down 6% in March). Company sold 2,350 homes in Q1, a 3% increase versus prior year, with monthly sales pace of 3.4 homes per community (flat vs 2025).
Solid Operational Returns Despite Market Headwinds
Pretax income return of 10% and return on equity of 12% for the quarter, indicating continued profitability despite adverse market conditions.
Healthy Land Position and Inventory Supply
Owned ~24,200 lots (~3-year supply) and control ~25,800 lots via options for a total ~50,000 owned and controlled lots (~5-year supply). Finished lots ~1.0 billion of unsold finished lots and 10,000 finished lots owned (management targets ~1 year of finished lot supply).
Mortgage Business Strength and Capture Rate
Mortgage/title pretax income of $14.1M with revenue of $31.2M; loans originated increased 3% to 1,579 and mortgage capture rate improved to 96% (up from 92% prior year).
High-Quality Buyer Mix
Approximately 50% of buyers are first-time homebuyers; average buyer credit score 747 and average down payment 15%, indicating strong buyer creditworthiness.
Disciplined Capital Allocation and Share Repurchases
Repurchased $50M of stock in Q1 with $170M remaining authorization and ~18% of shares repurchased over the last four years; management plans continued programmatic buybacks.
Product Mix and Affordable Line Contribution
Smart Series (affordable product) remains a key contributor at ~47% of first-quarter sales, supporting demand and accessibility for buyers.
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 22, 2026 | $128.88 | $133.64 | +3.69% |
Jan 28, 2026 | $128.60 | $132.36 | +2.92% |
Oct 22, 2025 | $140.30 | $131.69 | -6.14% |
Jul 23, 2025 | $123.33 | $123.94 | +0.49% |
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 29, 2026, Before Open (Confirmed).
What is M/I Homes Inc (MHO) earnings time?
M/I Homes Inc (MHO) earnings time is at Jul 29, 2026, Before Open (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 2026 (Q2) is 3.51.