Meritage Homes Corporation (MTH)
| Market Cap | 5.59B |
| Revenue (ttm) | 6.43B |
| Net Income (ttm) | 812.39M |
| Shares Out | 36.18M |
| EPS (ttm) | 22.10 |
| PE Ratio | 7.00 |
| Forward PE | 7.67 |
| Dividend | $3.00 (1.94%) |
| Ex-Dividend Date | Dec 17, 2024 |
| Volume | 740,473 |
| Open | 151.02 |
| Previous Close | 151.91 |
| Day's Range | 151.02 - 155.57 |
| 52-Week Range | 147.77 - 213.98 |
| Beta | 1.84 |
| Analysts | Hold |
| Price Target | 193.71 (+25.29%) |
| Earnings Date | Jan 29, 2025 |
About MTH
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its ... [Read more]
Financial Performance
In 2023, Meritage Homes's revenue was $6.14 billion, a decrease of -2.45% compared to the previous year's $6.29 billion. Earnings were $738.75 million, a decrease of -25.54%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for MTH stock is "Hold." The 12-month stock price forecast is $193.71, which is an increase of 25.29% from the latest price.
News
Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide
SCOTTSDALE, Ariz., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest public homebuilder in the U.S., continues to live up to its brand promise of a Life.Built...
Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
I maintain a buy rating for Meritage Homes Corporation due to strong earnings growth outlook and favorable macro conditions, including tight housing supply and elevated mortgage rates. MTH's strategic...
RH Year-High Rally, COST Little Changed, Homebuilder Downgrades
Broadcom (AVGO) may have stolen the show with its earnings, but RH ushers a huge rally of its own with raised guidance despite a miss on earnings. Costco (COST) didn't shake a lot of ground in the mar...
Meritage Homes Fourth Quarter 2024 Earnings Conference Call and Webcast Scheduled for January 30, 2025
SCOTTSDALE, Ariz., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's fourth quarter 2024 result...
Meritage Homes CEO: We fill a void in housing market with move-in ready homes
Phillippe Lord, Meritage Homes CEO, joins CNBC's 'The Exchange' to discuss what to expect in the upcoming year for home building.
Meritage Homes Announces Two-for-One Stock Split
SCOTTSDALE, Ariz., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of D...
Meritage Homes Announces Quarterly Cash Dividend and $250M Increase to Share Repurchase Authorization
SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of D...
Homebuilder M&A soars - here's why
CNBC's Diana Olick joins 'The Exchange' to report on homebuilder sentiment improving and why homebuilder M&A is soaring.
Meritage Homes Corporation (MTH) Q3 2024 Earnings Call Transcript
Meritage Homes Corporation (NYSE:MTH) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations & ESG Steve Hilton - Executi...
Meritage Homes Announces Entry into the Gulf Coast Markets with Acquisition of the Assets of Elliott Homes
SCOTTSDALE, Ariz., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced its entry into the Gulf Coast markets through the acqu...
Meritage Homes reports third quarter 2024 results
8% year-over-year increase in home closings and record 145% backlog conversion 8% year-over-year increase in home closings and record 145% backlog conversion
Homebuilders to Expand into Hutto
HUTTO, Texas--(BUSINESS WIRE)--Trophy Signature Homes, a subsidiary of Green Brick Partners, Inc. (NYSE: GRBK), and Meritage Homes (NYSE:MTH) are excited to announce the new Prairie Winds residential ...
10 small-cap stocks selected by digging deep for quality
David Trainer explains how New Constructs incorporates decades of information buried in companies' financial statement notes, for “better” calculations of returns on invested capital
Meritage Homes Appoints Erin Lantz to its Board of Directors
Board Intends to Include Proposal to Declassify the Board at the 2025 Annual Meeting of Stockholders Board Intends to Include Proposal to Declassify the Board at the 2025 Annual Meeting of Stockholder...
Meritage Homes: Expect Value To Keep Building
Meritage Homes has shown significant stock performance, up 29.5% since April and 79.8% since January 2022, outperforming the S&P 500. Despite a potential decline in Q3 revenue and profits, Meritage Ho...
UBS' John Lovallo on homebuilder stocks
John Lovallo, UBS homebuilders analyst, joins 'The Exchange' to discuss why he is bullish on builders, how lower interest rates will affect the stocks and housing market, and more.
Meritage Homes Third Quarter 2024 Earnings Conference Call and Webcast Scheduled for October 30, 2024
SCOTTSDALE, Ariz., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's third quarter 2024 result...
Operation Homefront Selects Two Military Families to Receive Mortgage-Free Meritage Homes in Austin and Charlotte
SCOTTSDALE, Ariz., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Our military members and their families work tirelessly to protect the freedoms we enjoy daily, and the transition to civilian life for veterans i...
Labor Day: 3 Stock Picks To Cash In On Consumer Confidence
Consumer confidence reached a six-month high in August, indicating a potential boost in consumer spending that could benefit the consumer discretionary sector in the coming months. Although the consum...
Meritage Homes Releases Fourth Annual Environmental, Social, and Governance Report
SCOTTSDALE, Ariz., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., today published its fourth annual environmental, social, and governance repo...
Meritage Homes Announces Quarterly Cash Dividend
SCOTTSDALE, Ariz., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of D...
James Hardie Building Products Inc. Announces Exclusive Product Deal with Meritage Homes
- U.S. leading hard siding company becomes exclusive siding and trim supplier for nation's fifth largest homebuilder - CHICAGO , Aug. 6, 2024 /PRNewswire/ -- James Hardie Building Products Inc. (Jame...
Meritage Homes Certified By Great Place To Work® For Second Year In a Row
The homebuilder is committed to supporting employees through an employer-sponsored relief fund and employee resource groups The homebuilder is committed to supporting employees through an employer-spo...
Meritage Homes Corporation: Staying Buy Rated As Demand Outlook Remains Positive
Favorable macro situation and demand outlook support buy rating for MTH. Management upgraded FY24 guidance and I believe MTH can achieve this guidance easily. MTH has margin upside potential from lowe...
Meritage Homes Corporation (MTH) Q2 2024 Earnings Call Transcript
Meritage Homes Corporation (NYSE:MTH) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Emily Tadano – Vice President-Investor Relations Steve Hilton – Executive Chairma...