Last $21.71 USD
Change Today +0.63 / 2.99%
Volume 221.2K
As of 8:04 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

m/i homes inc (MHO) Snapshot

Open
$21.13
Previous Close
$21.08
Day High
$21.83
Day Low
$21.13
52 Week High
01/10/14 - $26.30
52 Week Low
10/13/14 - $18.73
Market Cap
531.3M
Average Volume 10 Days
163.1K
EPS TTM
$1.49
Shares Outstanding
24.5M
EX-Date
07/31/08
P/E TM
14.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for M/I HOMES INC (MHO)

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m/i homes inc (MHO) Details

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments. It designs, constructs, markets, and sells single-family homes, attached townhomes, and condominiums to first-time, move-up, empty-nester, and luxury buyers under M/I Homes brand name, as well as Triumph Homes name. The company also purchases undeveloped land to develop into finished lots for the construction of single-family homes, as well as for the sale to others. As of December 31, 2013, it had 3,041 developed lots and 1,656 lots under development in inventory, as well as owned raw land expected to be developed into approximately 5,402 lots. In addition, the company originates and sells mortgages; and serves as a title insurance agent by providing title insurance policies, examination, and closing services to purchasers of its homes. M/I Homes, Inc. was founded in 1973 and is based in Columbus, Ohio.

827 Employees
Last Reported Date: 02/28/14
Founded in 1973

m/i homes inc (MHO) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $891.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $594.2K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

m/i homes inc (MHO) Key Developments

M/I Homes Announces Quarterly Cash Dividend on Preferred Shares, Payable on December 15, 2014

M/I Homes, Inc. announced that its Board of Directors has declared a cash dividend of $0.609375 per share on its outstanding depositary shares, each representing 1/1,000th of a Series A Preferred Share of M/I Homes, for the fourth quarter of 2014. The dividend is payable on December 15, 2014 to holders of record of the Depositary Shares on December 1, 2014.

M/I Homes, Inc. Withdraws Offering of Senior Notes and Terminates Tender Offer and Consent Solicitation

M/I Homes, Inc. announced that it has withdrawn its previously announced offering of $350 million aggregate principal amount of senior notes in response to market conditions. The company also announced that it has terminated its previously announced cash tender offer to purchase any and all of its outstanding 8.625% senior notes due 2018 and concurrent solicitation of consents. The offer was conditioned upon the completion of an offering of senior notes on terms satisfactory to the company. None of the existing senior notes were purchased in the offer and as a result of the termination, any of the existing senior notes previously tendered will be promptly returned to the holders thereof. No consideration will be paid in the offer for any tendered existing senior notes.

M/I Homes, Inc. Plans to Offer $350 Million Aggregate Principal Amount of Senior Notes in Two Series

M/I Homes, Inc. announced that it plans to offer, subject to market and other conditions, $350 million aggregate principal amount of senior notes in two series in an unregistered offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. One series of the New Senior Notes will mature in 2019 and the other series will mature in 2022. The offering of the New Senior Notes has not been registered under the Securities Act or any state securities laws, and the New Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Company intends to use a portion of the net proceeds from this offering to repurchase or redeem all $230 million aggregate principal amount of its outstanding 8.625% senior notes due 2018. Any remaining proceeds from this offering will be used for general corporate purposes.

 

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MHO Competitors

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Company Last Change
Beazer Homes USA Inc $17.51 USD +0.49
Hovnanian Enterprises Inc $3.91 USD +0.13
LGI Homes Inc $14.45 USD +0.54
MDC Holdings Inc $25.41 USD +0.83
William Lyon Homes $18.44 USD +0.55
View Industry Companies
 

Industry Analysis

MHO

Industry Average

Valuation MHO Industry Range
Price/Earnings 12.9x
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 9.6x
TEV/Sales NM Not Meaningful
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