NYSE:MTH - Meritage Homes Stock Price, Forecast & News

Meritage Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."

Meritage Homes Corp (NYSE:MTH) issued its quarterly earnings results on Tuesday, October, 22nd. The construction company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.30. The construction company had revenue of $940.90 million for the quarter, compared to analyst estimates of $930.41 million. Meritage Homes had a return on equity of 12.42% and a net margin of 6.29%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. View Meritage Homes' Earnings History.

Meritage Homes is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Meritage Homes.

Meritage Homes updated its FY19 earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $5.50-5.70 for the period, compared to the Thomson Reuters consensus estimate of $5.46. The company issued revenue guidance of $3.5 billion, compared to the consensus revenue estimate of $3.57 billion.

10 analysts have issued twelve-month target prices for Meritage Homes' stock. Their forecasts range from $39.00 to $82.00. On average, they expect Meritage Homes' share price to reach $62.29 in the next twelve months. This suggests that the stock has a possible downside of 6.0%. View Analyst Price Targets for Meritage Homes.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

Media headlines about MTH stock have been trending somewhat negative this week, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meritage Homes earned a coverage optimism score of -1.7 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Meritage Homes.

Meritage Homes saw a increase in short interest in November. As of November 15th, there was short interest totalling 1,670,000 shares, an increase of 7.1% from the October 31st total of 1,560,000 shares. Based on an average daily trading volume, of 499,900 shares, the short-interest ratio is currently 3.3 days. Approximately 4.5% of the company's stock are sold short. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include D. R. Horton (DHI), Lennar (LEN), NVR (NVR), PulteGroup (PHM), Toll Brothers (TOL), KB Home (KBH), M.D.C. (MDC), TRI Pointe Group (TPH), Cavco Industries (CVCO), M/I Homes (MHO), Beazer Homes USA (BZH), Hovnanian Enterprises (HOV) and Ryland Group (RYL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Energy Transfer LP Unit (ET), Aegean Marine Petroleum Network (ANW), Bank of America (BAC), Chipotle Mexican Grill (CMG), D. R. Horton (DHI), Ford Motor (F) and Tesla (TSLA).

Meritage Homes' stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (3.89%), State Street Corp (3.06%), Man Group plc (1.25%), Emerald Advisers LLC (1.07%), Voya Investment Management LLC (0.63%) and Parametric Portfolio Associates LLC (0.55%). Company insiders that own Meritage Homes stock include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, Robert Gary Sarver and Steven J Hilton. View Institutional Ownership Trends for Meritage Homes.

MTH stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Emerald Advisers LLC, State Street Corp, SG Americas Securities LLC, Mackay Shields LLC, Barclays PLC, Gabelli Funds LLC and Oppenheimer Asset Management Inc.. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View Insider Buying and Selling for Meritage Homes.

MTH stock was purchased by a variety of institutional investors in the last quarter, including Man Group plc, Voya Investment Management LLC, Russell Investments Group Ltd., Sandler Capital Management, Alberta Investment Management Corp, Parametric Portfolio Associates LLC, Squarepoint Ops LLC and Voloridge Investment Management LLC. View Insider Buying and Selling for Meritage Homes.

Shares of MTH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MTH stock can currently be purchased for approximately $66.25.

Meritage Homes has a market capitalization of $2.54 billion and generates $3.51 billion in revenue each year. The construction company earns $227.33 million in net income (profit) each year or $5.58 on an earnings per share basis. Meritage Homes employs 1,615 workers across the globe.View Additional Information About Meritage Homes.

The official website for Meritage Homes is http://www.meritagehomes.com/.

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The construction company can be reached via phone at 480-515-8100 or via email at [email protected]