Meritage Homes Corporation (MTH)

NYSE: MTH · IEX Real-Time Price · USD
79.18
+0.97 (1.24%)
Jul 7, 2022 12:42 PM EDT - Market open
1.24%
Market Cap 2.91B
Revenue (ttm) 5.35B
Net Income (ttm) 822.86M
Shares Out 36.70M
EPS (ttm) 23.04
PE Ratio 3.44
Forward PE 2.95
Dividend n/a
Ex-Dividend Date n/a
Volume 91,005
Open 78.58
Previous Close 78.21
Day's Range 77.51 - 79.37
52-Week Range 62.51 - 125.01
Beta 1.56
Analysts Buy
Price Target 112.43 (+42.0%)
Earnings Date Jul 27, 2022

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...]

Industry Household Durables
IPO Date Jul 20, 1988
CEO Steven Hilton
Employees 1,773
Stock Exchange NYSE
Ticker Symbol MTH
Full Company Profile

Financial Performance

In 2021, Meritage Homes's revenue was $5.15 billion, an increase of 14.22% compared to the previous year's $4.51 billion. Earnings were $737.44 million, an increase of 74.14%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for MTH stock is "Buy." The 12-month stock price forecast is 112.43, which is an increase of 41.99% from the latest price.

Price Target
$112.43
(41.99% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Meritage Homes (MTH) Sharpens Competitive Edge: Here's How

Meritage Homes' (MTH) strategic shift to a pure-play entry-level and first-move-up builder is expected to drive growth amid industry headwinds.

7 Cheap Stocks to Buy in July 2022

These seven cheap stocks to buy are a great deal compared to their sectors and based on their fundamental financial ratios. The post 7 Cheap Stocks to Buy in July 2022 appeared first on InvestorPlace.

Other symbols: GIIILAZYMHOTMHCUNMZEUS

Is Meritage Homes (MTH) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Meritage (MTH) Soars 8.8%: Is Further Upside Left in the Stock?

Meritage (MTH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

4 Reasons for Investors to Add KBR Stock to Portfolio

KBR's focus on government business, technology solutions and inorganic actions will continue to drive growth.

Other symbols: ACMKBRSTRL

Top 5 U.S.-Focused Stocks to Tap Higher Interest Rate Forecast

We have narrowed our search to five domestic business-oriented U.S. stocks that have solid potential for the rest of 2022. These are: VST, BOOT, MTH, JILLL, BALY.

Other symbols: BALYBOOTJILLVST

Lumber Price Crash Good for Homebuilding Stocks

Falling lumber prices are benefiting homebuilders and those with exposure to the very strong entry-level segment look particularly good.

Other symbols: LSEANVR

6 Low P/E Stocks That Investors Must Not Overlook

These 6 stocks are very undervalued and have P/E's well below 10x and investors much not overlook these at least for now. The post 6 Low P/E Stocks That Investors Must Not Overlook appeared first on Inv...

Other symbols: ARWGTSANMUMCX

Press the Buy Button on These 5 High Earnings Yield Picks Now

One could invest in high earnings yield stocks like Eagle Pharmaceuticals (EGRX), Cabot (CBT), Meritage Homes (MTH), Griffon (GFF) and APA Corp (APA) to fetch handsome long-term rewards.

Other symbols: APACBTEGRXGFF

5 Top Stocks for June

With summer heating up, will the market finally catch a break?

Other symbols: EAFMELIRDFNROKU

Investors Must Buy Meritage Homes (MTH) Now: Here's Why

Meritage Homes (MTH) benefits from a solid housing market backdrop and pricing power.

Why Is Meritage (MTH) Up 0.3% Since Last Earnings Report?

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

Does Meritage (MTH) Have the Potential to Rally 53% as Wall Street Analysts Expect?

The consensus price target hints at a 52.9% upside potential for Meritage (MTH). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate re...

Meritage Homes Extends Partnership with Operation Homefront to Break Ground on New Homes for Military Families in Hou...

SCOTTSDALE, Ariz., May 19, 2022 (GLOBE NEWSWIRE) -- In celebration of Military Appreciation Month, Meritage Homes (NYSE:MTH), the seventh-largest U.S. homebuilder, announced that it has renewed and exte...

2 Stocks To Play The Gloomy Homebuilding Outlook

Perhaps there's no sector that can feel the negative impact of higher interest rates more than the housing sector. Therefore, it's hard to be bullish on the sector in the current environment.

Other symbols: DHI

Meritage Homes Named ENERGY STAR® Partner of the Year for the Ninth Time & Honored for Highest Homebuyer Experience R...

These awards underscore the national homebuilder's commitment to its customers and the construction of energy-efficient homes These awards underscore the national homebuilder's commitment to its custome...

Meritage Homes (MTH) Q1 Earnings and Sales Top Estimates

Meritage Homes' (MTH) first-quarter results benefit from strong housing demand.

Meritage Homes (MTH) Q1 Earnings and Revenues Surpass Estimates

Meritage (MTH) delivered earnings and revenue surprises of 23.72% and 3.31%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Meritage Homes Reports First Quarter 2022 Results Including a 68% Increase in Diluted EPS, 560 bps Increase in Home C...

SCOTTSDALE, Ariz., April 27, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported first quarter results for the period ended March 31, 2022.

Construction Stock Q1 Earnings on Apr 27: MAS, MTH, OC & More

The sector's Q1 performance is likely to reflect solid housing demand. Intense inflationary pressure stemming from supply chain disruptions might have been a risk.

Other symbols: MASOCTMHCURI

Meritage Homes (MTH) to Post Q1 Earnings: What's in the Offing?

Strong housing demand and higher pricing are likely to have aided Meritage Homes' (MTH) Q1 revenues amid supply-chain disruptions and higher costs.

Meritage Homes Partners With Arbor Day Foundation And Releases Consumer Data On Sustainable Housing

The Company will distribute more than 1,300 trees in communities throughout the U.S. in 2022 and shares new research highlighting the importance of sustainability for today's homebuyers The Company will...

Meritage Homes Names Malissia Clinton Its Executive Vice President, General Counsel and Secretary

SCOTTSDALE, Ariz., April 18, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), a leading U.S. homebuilder, today announced the hiring of Malissia Clinton as its executive vice president, g...

Meritage Homes First Quarter 2022 Earnings Conference Call and Webcast Scheduled for April 28, 2022

SCOTTSDALE, Ariz., March 31, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's first quarter 2022 results on Wednesday, April 27...

Solid Housing Demand Aid Meritage Homes (MTH) Amid Supply Woes

Meritage Homes (MTH) is benefiting from a solid housing market backdrop amid supply woes and labor constraints.