Meritage Homes Corporation (MTH)

NYSE: MTH · IEX Real-Time Price · USD
115.71
+1.20 (1.05%)
Mar 31, 2023, 12:06 PM EDT - Market open
1.05%
Market Cap 4.26B
Revenue (ttm) 6.30B
Net Income (ttm) 992.19M
Shares Out 36.57M
EPS (ttm) 26.74
PE Ratio 4.28
Forward PE 7.33
Dividend $0.27 (0.23%)
Ex-Dividend Date Mar 14, 2023
Volume 61,121
Open 114.40
Previous Close 114.50
Day's Range 114.40 - 116.13
52-Week Range 62.51 - 117.22
Beta 1.56
Analysts Buy
Price Target 139.74 (+20.77%)
Earnings Date Apr 26, 2023

About MTH

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family 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 first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meri... [Read more]

IPO Date Jul 20, 1988
Employees 1,773
Stock Exchange NYSE
Ticker Symbol MTH
Full Company Profile

Financial Performance

In 2022, Meritage Homes's revenue was $6.30 billion, an increase of 22.36% compared to the previous year's $5.15 billion. Earnings were $992.19 million, an increase of 34.54%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for MTH stock is "Buy." The 12-month stock price forecast is $139.74, which is an increase of 20.77% from the latest price.

Price Target
$139.74
(20.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Meritage Homes First Quarter 2023 Earnings Conference Call and Webcast Scheduled for April 27, 2023

SCOTTSDALE, Ariz., March 22, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2023 result...

1 week ago - GlobeNewsWire

Why Is Meritage (MTH) Down 8% Since Last Earnings Report?

Meritage (MTH) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

7 Dividend-Paying Stocks to Consider

Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends. Such equities are for those taking a long-term approach to...

Other symbols: ARCAVTBVNGGBMTGPANL
1 month ago - GuruFocus

"Interpret, don't Predict" When it Comes to Home Builders.

Amid a rising mortgage rate environment, home builders have flourished. Andrew Rocco breaks down why, and why the bull trend may continue.

Other symbols: GRBKHOVLENMHONVRTOLXHB
1 month ago - Zacks Investment Research

Meritage Homes (MTH) Introduces Quarterly Cash Dividends

Meritage Homes (MTH) is benefiting from ample liquidity and a healthy balance sheet.

1 month ago - Zacks Investment Research

Meritage Homes Initiates Quarterly Cash Dividend

SCOTTSDALE, Ariz., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has approved the ini...

1 month ago - GlobeNewsWire

Meritage Homes (MTH) Q4 Earnings Beat, Orders & Backlog Fall

Meritage Homes' (MTH) fourth-quarter results benefit from higher deliveries. Yet, elevated cancellations ail.

2 months ago - Zacks Investment Research

Meritage Homes CEO Phillippe Lord on the housing market

Meritage Homes CEO Phillippe Lord joins 'Closing Bell' to discuss the Fed rate hikes impacting mortgages, downtrends in existing and new home prices, and competition among homebuilders.

2 months ago - CNBC Television

Meritage Homes (MTH) Surpasses Q4 Earnings and Revenue Estimates

Meritage (MTH) delivered earnings and revenue surprises of 0.85% and 2.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Meritage Homes closes out 2022 with record fourth quarter results including a 29% increase in home closings, a 32% increase in home closing revenue and $7.09 of diluted EPS

SCOTTSDALE, Ariz., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced fourth quarter and full year results for the periods ended Dece...

2 months ago - GlobeNewsWire

Here's What to Expect From Meritage Homes' (MTH) Q4 Earnings

Meritage Homes' (MTH) fourth-quarter performance is likely to suffer from rising mortgage rates and macroeconomic uncertainties.

2 months ago - Zacks Investment Research

Bear of the Day: Meritage Homes (MTH)

After a stellar 2022 for homebuilders, analysts are not so optimistic about new home sales

2 months ago - Zacks Investment Research

Meritage Homes Fourth Quarter 2022 Earnings Conference Call and Webcast Scheduled for February 2, 2023

SCOTTSDALE, Ariz., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's fourth quarter 2022 results on Wednesday, Februa...

3 months ago - GlobeNewsWire

5 Homebuilder Stocks to Buy for Bottom Fishing Investors

The housing market is a mess. Homebuilder stocks are suffering.

Other symbols: DHILENPHMTOL
3 months ago - InvestorPlace

A homebuilder stock that could more than double from here

Homebuilder stocks went out of favour this year as the Fed moved to aggressively lift rates.

3 months ago - Invezz

Meritage Homes Gives More Than $2.5 Million in 2022 To Build Stronger Communities Nationwide

Company charitable giving and volunteer programs focus on ongoing food insecurity in the U.S. and support education, sustainable forestry, and diversity, equity and inclusion initiatives Company chari...

3 months ago - GlobeNewsWire

Homebuilder bullfight: Lennar vs. Meritage Homes

Kenneth Zener, equity research analyst with Keybanc Capital Markets, and Stephen Kim, homebuilder sector analyst with Evercore ISI, join 'Power Lunch' to discuss the relative merits of Lennar and Meri...

Other symbols: LEN
3 months ago - CNBC Television

Why Meritage Homes (MTH) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

4 months ago - Zacks Investment Research

Why Is Meritage (MTH) Up 15.6% Since Last Earnings Report?

Meritage (MTH) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Meritage Homes Honors Military Families by Awarding Them Three New Mortgage-Free Homes in Recognition of Military Family Appreciation Month

SCOTTSDALE, Ariz., Nov. 15, 2022 (GLOBE NEWSWIRE) -- The dream of homeownership just became a reality for three U.S. military veterans and their families thanks to Meritage Homes (NYSE:MTH) and Operat...

4 months ago - GlobeNewsWire

Meritage Homes (MTH) is a Top-Ranked Momentum Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

5 months ago - Zacks Investment Research

Home Builders Struggle to Find Buyers as Cancellations by Developers Rise

It's a tough time to be selling a home. That's also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers.

Other symbols: KBH
5 months ago - Barrons

Meritage Homes (MTH) Q3 Earnings Beat, Gross Margin Falls

Meritage Homes' (MTH) third-quarter results benefit from strong segmental results. Yet, building materials and labor shortages ail.

5 months ago - Zacks Investment Research

Meritage Homes (MTH) Q3 Earnings Top Estimates

Meritage (MTH) delivered earnings and revenue surprises of 10.76% and 3.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Meritage Homes reports third quarter 2022 results including a 35% increase in diluted EPS, highest quarterly home closing revenue and record SG&A leverage of 8.1%

SCOTTSDALE, Ariz., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported third quarter results for the period ended September 30, 2022.

5 months ago - GlobeNewsWire