Meritage Homes Corporation (MTH)
| Market Cap | 4.26B |
| Revenue (ttm) | 6.30B |
| Net Income (ttm) | 992.19M |
| Shares Out | 36.57M |
| EPS (ttm) | 26.74 |
| PE Ratio | 4.28 |
| Forward PE | 7.33 |
| Dividend | $0.27 (0.23%) |
| Ex-Dividend Date | Mar 14, 2023 |
| Volume | 61,121 |
| Open | 114.40 |
| Previous Close | 114.50 |
| Day's Range | 114.40 - 116.13 |
| 52-Week Range | 62.51 - 117.22 |
| Beta | 1.56 |
| Analysts | Buy |
| Price Target | 139.74 (+20.77%) |
| Earnings Date | Apr 26, 2023 |
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]
Financial Performance
In 2022, Meritage Homes's revenue was $6.30 billion, an increase of 22.36% compared to the previous year's $5.15 billion. Earnings were $992.19 million, an increase of 34.54%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MTH stock is "Buy." The 12-month stock price forecast is $139.74, which is an increase of 20.77% from the latest price.
News
Meritage Homes First Quarter 2023 Earnings Conference Call and Webcast Scheduled for April 27, 2023
SCOTTSDALE, Ariz., March 22, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2023 result...
Why Is Meritage (MTH) Down 8% Since Last Earnings Report?
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
Meritage Homes (MTH) Introduces Quarterly Cash Dividends
Meritage Homes (MTH) is benefiting from ample liquidity and a healthy balance sheet.
Meritage Homes Initiates Quarterly Cash Dividend
SCOTTSDALE, Ariz., Feb. 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 approved the ini...
Meritage Homes (MTH) Q4 Earnings Beat, Orders & Backlog Fall
Meritage Homes' (MTH) fourth-quarter results benefit from higher deliveries. Yet, elevated cancellations ail.
Meritage Homes CEO Phillippe Lord on the housing market
Meritage Homes CEO Phillippe Lord joins 'Closing Bell' to discuss the Fed rate hikes impacting mortgages, downtrends in existing and new home prices, and competition among homebuilders.
Meritage Homes (MTH) Surpasses Q4 Earnings and Revenue Estimates
Meritage (MTH) delivered earnings and revenue surprises of 0.85% and 2.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Meritage Homes closes out 2022 with record fourth quarter results including a 29% increase in home closings, a 32% increase in home closing revenue and $7.09 of diluted EPS
SCOTTSDALE, Ariz., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today announced fourth quarter and full year results for the periods ended Dece...
Here's What to Expect From Meritage Homes' (MTH) Q4 Earnings
Meritage Homes' (MTH) fourth-quarter performance is likely to suffer from rising mortgage rates and macroeconomic uncertainties.
Bear of the Day: Meritage Homes (MTH)
After a stellar 2022 for homebuilders, analysts are not so optimistic about new home sales
Meritage Homes Fourth Quarter 2022 Earnings Conference Call and Webcast Scheduled for February 2, 2023
SCOTTSDALE, Ariz., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's fourth quarter 2022 results on Wednesday, Februa...
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A homebuilder stock that could more than double from here
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Meritage Homes Gives More Than $2.5 Million in 2022 To Build Stronger Communities Nationwide
Company charitable giving and volunteer programs focus on ongoing food insecurity in the U.S. and support education, sustainable forestry, and diversity, equity and inclusion initiatives Company chari...
Homebuilder bullfight: Lennar vs. Meritage Homes
Kenneth Zener, equity research analyst with Keybanc Capital Markets, and Stephen Kim, homebuilder sector analyst with Evercore ISI, join 'Power Lunch' to discuss the relative merits of Lennar and Meri...
Why Meritage Homes (MTH) is a Top Momentum Stock for the Long-Term
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Why Is Meritage (MTH) Up 15.6% Since Last Earnings Report?
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
Meritage Homes Honors Military Families by Awarding Them Three New Mortgage-Free Homes in Recognition of Military Family Appreciation Month
SCOTTSDALE, Ariz., Nov. 15, 2022 (GLOBE NEWSWIRE) -- The dream of homeownership just became a reality for three U.S. military veterans and their families thanks to Meritage Homes (NYSE:MTH) and Operat...
Meritage Homes (MTH) is a Top-Ranked Momentum Stock: Should You Buy?
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Home Builders Struggle to Find Buyers as Cancellations by Developers Rise
It's a tough time to be selling a home. That's also true for home builders, who are seeing canceled orders and dwindling interest among would-be buyers.
Meritage Homes (MTH) Q3 Earnings Beat, Gross Margin Falls
Meritage Homes' (MTH) third-quarter results benefit from strong segmental results. Yet, building materials and labor shortages ail.
Meritage Homes (MTH) Q3 Earnings Top Estimates
Meritage (MTH) delivered earnings and revenue surprises of 10.76% and 3.37%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Meritage Homes reports third quarter 2022 results including a 35% increase in diluted EPS, highest quarterly home closing revenue and record SG&A leverage of 8.1%
SCOTTSDALE, Ariz., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported third quarter results for the period ended September 30, 2022.