Meritage Homes Corporation (MTH)
| Market Cap | 7.27B |
| Revenue (ttm) | 6.33B |
| Net Income (ttm) | 793.46M |
| Shares Out | 36.32M |
| EPS (ttm) | 21.44 |
| PE Ratio | 9.33 |
| Forward PE | 9.89 |
| Dividend | $3.00 (1.50%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 628,955 |
| Open | 198.36 |
| Previous Close | 193.16 |
| Day's Range | 197.89 - 204.00 |
| 52-Week Range | 109.23 - 205.20 |
| Beta | 1.80 |
| Analysts | Buy |
| Price Target | 194.83 (-2.63%) |
| Earnings Date | Jul 24, 2024 |
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 8 analysts, the average rating for MTH stock is "Buy." The 12-month stock price forecast is $194.83, which is a decrease of -2.63% from the latest price.
News
Meritage Homes reports second quarter 2024 results
18% increase in home closings year-over-year, home closing gross margin of 25.9% and a 26% increase in diluted EPS 18% increase in home closings year-over-year, home closing gross margin of 25.9% and ...
The consumer is struggling with home affordability, says Zelman's Alan Ratner
Alan Ratner, Zelman & Associates managing director, joins 'Closing Bell: Overtime' to discuss this week's homebuilders rally.
Why investors should consider homebuilder stocks despite high mortgage rates
Mortgage rates have ticked up this week, with the 30-year fixed rate sitting at 6.86%. Toggle AI chief market strategist RJ Assaly joins Market Domination to analyze the state of the housing market an...
Meritage Homes Named ENERGY STAR® Partner of the Year For 11th Year & Honored for Highest Homebuyer Ratings in 21st Annual Avid Awards
The homebuilder was also recognized for its philanthropic efforts and commitment to sustainability The homebuilder was also recognized for its philanthropic efforts and commitment to sustainability
Meritage Homes Second Quarter 2024 Earnings Conference Call and Webcast Scheduled for July 25, 2024
SCOTTSDALE, Ariz., June 13, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's second quarter 2024 result...
Meritage Homes Announces Continued Partnership With Operation Homefront, Two Home Donations in Austin and Charlotte
This marks the homebuilder's 11th year partnering with Operation Homefront's Permanent Homes for Veterans program This marks the homebuilder's 11th year partnering with Operation Homefront's Permanent...
Meritage Homes Announces Quarterly Cash Dividend
SCOTTSDALE, Ariz., May 16, 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 Di...
Meritage Homes Completes Offering of 1.75% Convertible Senior Notes
SCOTTSDALE, Ariz., May 09, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has complete...
Meritage Homes Announces Pricing of Convertible Senior Notes
SCOTTSDALE, Ariz., May 07, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced the pricing of $500 ...
Meritage Homes Announces Offering of Convertible Senior Notes
SCOTTSDALE, Ariz., May 06, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has commence...
Meritage Homes Announces Two-Part Series Investor Day Webcast Calls
SCOTTSDALE, Ariz., May 01, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it will host a ...
Meritage Homes reports first quarter 2024 results
Record-high quarterly sales orders, home closing gross margin of 25.8% and a 43% increase in diluted EPS Record-high quarterly sales orders, home closing gross margin of 25.8% and a 43% increase in di...
Homebuilder Stocks Fall on Downgrades Predicting Seasonal Share-Price Drop
A number of homebuilding companies' shares fell Tuesday after Wedbush Securities analysts predicted seasonal stock-price drops that could be exacerbated by persistently high mortgage rates, inflation,...
Meritage Homes First Quarter 2024 Earnings Conference Call and Webcast Scheduled for April 25, 2024
SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2024 result...
Raymond Oppel to Retire from Meritage Homes Board of Directors
SCOTTSDALE, Ariz., March 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage,” “Meritage Homes” or the “Company”), the fifth-largest public homebuilder in the U.S., today ann...
Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy
Nominating / Governance and Environmental, Social and Sustainability Board Committees Consolidated into Single Committee Nominating / Governance and Environmental, Social and Sustainability Board Comm...
Home builder sentiment climbs for third straight month
More economic data rolls out this week as home builder sentiment reports a third consecutive month of gains, according to the National Association of Home Builders (NAHB). Yahoo Finance Housing Report...
Meritage Homes reports fourth quarter 2023 results
60% year-over-year increase in sales orders and home closing gross margin of 25.2% 60% year-over-year increase in sales orders and home closing gross margin of 25.2%
New Year, New Income: 5 Fresh-Faced Dividend Payers
I was at the State Fair with one of my best friends from Elementary School. We were 2,000 miles from our old school stompin' grounds.
The housing supply may not be able to keep up with demand next year, says Wedbush's Jay McCanless
Jay McCanless, Wedbush housing analyst, joins 'Power Lunch' to discuss the housing sector.
Builders are preparing for a more normal spring selling season, says Deutsche's Joe Ahlersmeyer
Joe Ahlersmeyer, research analyst at Deutsche Bank, joins 'The Exchange' to discuss the 2024 outlook for homebuilders, his top stock picks, and more.
Meritage Homes Gives $3.3 Million In 2023 To Build Stronger Communities Nationwide
National homebuilder expands charitable giving campaign and celebrates ten years of partnership with Operation Homefront National homebuilder expands charitable giving campaign and celebrates ten year...
Meritage Homes Fourth Quarter 2023 Earnings Conference Call and Webcast Scheduled for February 1, 2024
SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's fourth quarter 2023 result...
If rates stay stable we expect to see strong housing demand, says Meritage Homes CEO Phillippe Lord
Phillippe Lord, Meritage Homes CEO, joins 'Closing Bell Overtime' to talk the home builders marker, interest rates impact on housing, what's ahead for real estate and more.
Goldman Sachs money manager digs into three themes for long-term growth
Most exchange-traded funds are passively managed — they are designed to mirror the performance of stock indexes and typically have low management fees. They can work out very well for investors, which...