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Meritage Homes Corporation (MTH)

Stock Price: $98.81 USD -1.36 (-1.36%)
Updated Aug 14, 2020 3:59 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 3.72B
Revenue (ttm) 4.03B
Net Income (ttm) 335.25M
Shares Out 37.60M
EPS (ttm) 8.65
PE Ratio 11.42
Forward PE 13.74
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Aug 14, 2020
Last Price $98.81
Previous Close $100.17
Change ($) -1.36
Change (%) -1.36%
Day's Open 99.50
Day's Range 97.67 - 99.50
Day's Volume 349,717
52-Week Range 25.24 - 105.50

More Stats

Market Cap 3.72B
Enterprise Value 4.25B
Earnings Date (est) Oct 22, 2020
Ex-Dividend Date n/a
Shares Outstanding 37.60M
Float 36.91M
EPS (basic) 8.82
EPS (diluted) 8.65
FCF / Share 11.94
Dividend n/a
Dividend Yield n/a
Earnings Yield 8.75%
FCF Yield 12.08%
Payout Ratio n/a
Shares Short 1.34M
Short Ratio 2.66
Short % of Float 5.00%
Beta 1.85
PE Ratio 11.42
Forward PE 13.74
P/FCF Ratio 8.28
PS Ratio 0.92
PB Ratio 1.80
Revenue 4.03B
Operating Income 406.15M
Net Income 335.25M
Free Cash Flow 448.85M
Net Cash -532.82M
Net Cash / Share -14.17
Gross Margin 17.56%
Operating Margin 10.08%
Profit Margin 8.30%
FCF Margin 11.14%
ROA 7.37%
ROE 17.27%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 5
Overweight 0
Hold 3
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$106.00*
(7.28% upside)
Low
70.0
Current: $98.81
High
126.0
Target: 106.00
*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.