Meritage Homes Corporation (MTH)
| Market Cap | 6.13B |
| Revenue (ttm) | 6.33B |
| Net Income (ttm) | 793.46M |
| Shares Out | 36.17M |
| EPS (ttm) | 21.44 |
| PE Ratio | 7.90 |
| Forward PE | 9.54 |
| Dividend | $1.56 (0.92%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 562,755 |
| Open | 167.71 |
| Previous Close | 165.07 |
| Day's Range | 165.07 - 174.26 |
| 52-Week Range | 109.23 - 179.69 |
| Beta | 1.76 |
| Analysts | Buy |
| Price Target | 216.00 (+27.45%) |
| Earnings Date | Apr 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 $216.0, which is an increase of 27.45% from the latest price.
News
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...
Gerald Haddock to Retire from Meritage Homes Board of Directors
SCOTTSDALE, Ariz., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that one of the Company's long-st...
Meritage Homes Announces Quarterly Cash Dividend
SCOTTSDALE, Ariz., Nov. 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 declared a quart...
Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory
SCOTTSDALE, Ariz., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2023.
Builders Make SunPower Solar a Standard Feature for New Homes
SunPower grows New Homes footprint in eight states including expanded agreements with Meritage Homes and Toll Brothers Builders respond to rising energy bills and power outages with renewable energy R...
High rates help home demand but supply constraints persist, says Deutsche Bank's Joe Ahlersmeyer
Joe Ahlersmeyer, research analyst in the homebuilding space at Deutsche Bank, joins 'The Exchange' to discuss upcoming homebuilder earnings, the impact a drop in margins will have on homebuilder retur...
Meritage Homes Third Quarter 2023 Earnings Conference Call and Webcast Scheduled for November 1, 2023
SCOTTSDALE, Ariz., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's third quarter 2023 result...
Deutsche Bank analyst on the state of housing: Prices should remain stable
Joe Ahlersmeyer, Deutsche Bank analyst, joins 'The Exchange' to discuss the health of housing as housing starts fell to its lowest level since 2020 amid high mortgage rates.
Meritage Homes Announces Expansion To Jacksonville, Florida
SCOTTSDALE, Ariz., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that it has expanded its busines...
Meritage Homes Releases Third Annual Environmental, Social, and Governance Report
SCOTTSDALE, Ariz., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., today published its third annual environmental, social, and governance repor...
Meritage Homes reports second quarter 2023 results including record second quarter closing units and home closing revenue and 24.4% home closing gross margin
SCOTTSDALE, Ariz., July 27, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported second quarter results for the period ended June 30, 2023.
Meritage Homes Second Quarter 2023 Earnings Conference Call and Webcast Scheduled for July 28, 2023
SCOTTSDALE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's second quarter 2023 result...