Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 27th: SK Telecom Co., Ltd (SKM) : This wireless telecommunication services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. SK Telecom has a price-to-earnings ratio (P/E) of 10.43, compared with 12.00 for the industry. The company possesses a Value Score of B. M/I Homes, Inc. (MHO) : This residentia ...

The latest trading session saw M/I Homes (MHO) ending at $168.80, denoting a -1.11% adjustment from its last day's close. This change lagged the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%. The homebuilder's stock has climbed by 3.72% in the past month, exceeding the Construction sector's gain of 3.49% and the S&P 500's gain of 1.65%. The investment community will be paying close attention to the earnings performan ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by th ...

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. M/I Homes (MHO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. M/I Homes is a member of our Construction group, which includes 91 different companies and currently sits at #7 in the Zacks Sector Rank. Th ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

M/I Homes (MHO) closed at $153.84 in the latest trading session, marking a -1.12% move from the prior day. This change lagged the S&P 500's 0.45% gain on the day. Elsewhere, the Dow saw a downswing of 0.23%, while the tech-heavy Nasdaq appreciated by 0.84%. The homebuilder's shares have seen an increase of 9.9% over the last month, surpassing the Construction sector's gain of 1.61% and the S&P 500's gain of 2.54%. The investment community will be paying close attention to the earnings performance of M/I Hom ...

M/I Homes (MHO) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a cha ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 6th: M/I Homes, Inc. (MHO) : This residential home-builder carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. M/I Homes has a price-to-earnings ratio (P/E) of 7.87, compared with 11.10 for the industry. The company possesses a Value Score of A. OFG Bancorp (OFG) : This banking and financial services company c ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 4th: M/I Homes, Inc. (MHO) : This residential home-builder has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. M/I Homes' shares gained 21.8% over the last three months compared with the S&P 500's advance of 3.3%. The company possesses a Momentum Score of A. Sumitomo Mitsui Financial Group, Inc. (SMFG) : This compan ...

Core Viewpoint - M/I Homes has shown significant stock performance, with a 235.4% increase since early January 2023, outperforming the S&P 500's 46.3% rise during the same period, and a 258.6% increase since being rated a 'buy' in August 2022 [1] Financial Performance - In 2022, M/I Homes reported revenue of $4.13 billion, which declined to $4.03 billion in 2023, reflecting a year-over-year decrease of 2.4% [3] - The average price of homes delivered increased from $479,000 to $483,000, but deliveries fell from 8,366 to 8,112 homes due to inflation and high interest rates [3] - Net income decreased from $490.7 million to $465.4 million, while operating cash flow surged from $184.1 million to $552.1 million, with adjusted operating cash flow showing a modest increase from $551.8 million to $566.5 million [4] - EBITDA fell from $705.4 million to $648.2 million [4] Contracts and Backlog - New contracts surged to 7,977 homes in 2023, up from 6,668 homes in 2022, but the backlog decreased from 3,137 homes to 3,002 homes [5] - The cancellation rate improved from 14.3% to 11.4%, but the average price of homes in backlog fell from $541,000 to $525,000 [5] Recent Developments - In the first half of 2024, revenue was $2.16 billion, an increase from $2.01 billion in the same period of 2023, driven by an increase in homes delivered from 3,997 to 4,382 [6] - Despite a decline in the average price of homes delivered from $489,000 to $477,000, net income rose by 28.8% from $221.1 million to $284.8 million [7] - Backlog improved to 3,422 homes by the end of the second quarter of 2024, although still down from 3,508 homes at the end of the second quarter of 2023 [7] Valuation and Market Position - M/I Homes is considered cheap relative to peers, with a price-to-earnings ratio of 7.5, compared to higher ratios for competitors [9] - Potential upside for shares ranges from 46.3% to 81.3% based on various valuation metrics, while downside risk is limited to 6.7% [8] Share Repurchase Program - The company announced a $250 million share repurchase program, having already repurchased $75.6 million worth of stock year-to-date, with net debt at only $79.7 million [10] Overall Outlook - The overall picture for M/I Homes is considered positive despite mixed fundamentals, with a bullish outlook maintained due to attractive valuations [11]