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Meritage Homes Corporation (MTH)

Stock Price: $92.30 USD 0.50 (0.54%)
Updated November 27, 1:00 PM EST - Market closed

Stock Price Chart

Key Info

Market Cap 3.47B
Revenue (ttm) 4.23B
Net Income (ttm) 374.56M
Shares Out 37.61M
EPS (ttm) 9.70
PE Ratio 9.52
Forward PE 7.06
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day November 27
Last Price $92.30
Previous Close $91.80
Change ($) 0.50
Change (%) 0.54%
Day's Open 91.57
Day's Range 89.43 - 92.49
Day's Volume 179,434
52-Week Range 25.24 - 117.06

More Stats

Market Cap 3.47B
Enterprise Value 3.88B
Earnings Date (est) Feb 3, 2021
Ex-Dividend Date n/a
Shares Outstanding 37.61M
Float 36.85M
EPS (basic) 9.90
EPS (diluted) 9.70
FCF / Share 14.16
Dividend n/a
Dividend Yield n/a
Earnings Yield 10.51%
FCF Yield 15.34%
Payout Ratio n/a
Shares Short 1.28M
Short Ratio 2.77
Short % of Float 3.48%
Beta 1.85
PE Ratio 9.52
Forward PE 7.06
P/FCF Ratio 6.52
PS Ratio 0.82
PB Ratio 1.58
Revenue 4.23B
Operating Income 449.49M
Net Income 374.56M
Free Cash Flow 532.48M
Net Cash -409.82M
Net Cash / Share -10.90
Gross Margin 16.74%
Operating Margin 10.62%
Profit Margin 8.90%
FCF Margin 12.58%
ROA 7.80%
ROE 18.39%
ROIC 10.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (8)

Buy 5
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$124.88*
(35.30% upside)
Low
106
Current: $92.30
High
140
Target: 124.88
*Average 12-month price target from 8 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue3,6783,5443,2553,0572,5932,1911,8341,205868942
Revenue Growth3.78%8.88%6.48%17.9%18.35%19.45%52.2%38.85%-7.84%-
Gross Profit700653589553508469412228148168
Operating Income30727324321420720719465.448.5831.11
Net Income250227143150129142124105-21.117.15
Shares Outstanding38.1040.1140.2939.9839.5939.0236.1134.0632.3832.06
Earnings Per Share6.425.583.413.553.093.463.253.00-0.650.22
EPS Growth15.05%63.64%-3.94%14.89%-10.69%6.46%8.33%---
Operating Cash Flow347262-87.13-103-3.34-211-77.92-221-74.1432.55
Capital Expenditures-23.93-33.32-17.74-16.46-16.01-20.53-15.73-10.36-7.08-6.27
Free Cash Flow323229-105-120-19.34-232-93.65-231-81.2226.28
Cash & Equivalents319311171132262103274209186113
Total Debt1,0191,3101,2841,1271,117935921723606606
Net Cash / Debt-700-999-1,113-996-855-832-647-513-421-492
Assets3,3983,3653,2512,8892,6802,3162,0031,5761,2211,225
Liabilities1,4241,6451,6741,4671,4211,2071,162881732725
Book Value1,9741,7211,5771,4211,2591,109841694489500
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Meritage Homes Corporation
Country United States
Employees 1,510
CEO Steven J. Hilton

Stock Information

Ticker Symbol MTH
Stock Exchange New York Stock Exchange
Sector Consumer Cyclical
Industry Residential Construction
Unique Identifier NYSE: MTH
IPO Date July 20, 1988

Description

Meritage Homes Corporation 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 luxury homes under the Monterey Homes brand name; and 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 Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.