Meritage Homes Corp Company Profile (NYSE:MTH)

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

Meritage Homes Corp (NYSE:MTH) released its earnings results on Thursday, April, 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.14. The firm earned $672.80 million during the quarter, compared to analysts' expectations of $609.41 million. Meritage Homes Corp had a return on equity of 11.08% and a net margin of 4.93%. The firm's revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. View Meritage Homes Corp's Earnings History.

11 equities research analysts have issued 12 month target prices for Meritage Homes Corp's shares. Their predictions range from $36.00 to $50.00. On average, they expect Meritage Homes Corp's share price to reach $39.06 in the next twelve months. View Analyst Ratings for Meritage Homes Corp.

Here are some recent quotes from research analysts about Meritage Homes Corp stock:

• 1. According to Zacks Investment Research, "Meritage Homes Corp. is one of the nation's largest single-family homebuilders. " (5/3/2017)
• 2. JMP Securities analysts commented, "from a mix-shift to higher entry-level product and lower gross margin." The revised estimates are $0.02 below the consensus estimate for 2016 and $0.07 above the 2017 consensus estimate.In May, the company guided EPS of $3.55–$3.85 for the year, compared to $3.09 in 2015, including $0.78–$0.85 for the second quarter, compared to $0.70 a year ago.Related Link: Here's How The Brexit Could Impact The U.S. Housing MarketMeritage expects home closing gross margin of approximately 18–18.5 percent for the year, compared to 19 percent in 2015, and mid-17–18 percent in the second quarter, compared to 19.3 percent in the prior year."We believe MTH is working through its product and operational headwinds with the Legendary acquisition, which, coupled with labor and material costs in several other markets, are the primary reasons for the 100bps decrease in gross margin from FY15 to the midpoint of FY16 guidance," Martin wrote in a note.Looking ahead, the analyst cut his 2017 margin assumption by 40bps "on labor and land costs, higher incentives in more competitive markets, and continued expansion into the higher end of the first-time buyer market."In addition, JMP said its housing market checks were in line with its thesis of a "modest economic recovery with building momentum at the lower first-time buyer price points and deceleration at the high end."Going into the quarter, our primary concerns are land costs across all of MTH's key markets along with labor constraints, specifically in Colorado, Phoenix, Dallas, Atlanta, and pockets of California," (6/24/2016)

Some companies that are related to Meritage Homes Corp include TRI Pointe Group (TPH), Ryland Group (RYL), KB Home (KBH), M.D.C. Holdings (MDC), Taylor Morrison Home Corp (TMHC), Cavco Industries (CVCO), William Lyon Homes (WLH), M/I Homes (MHO), Century Communities (CCS), Beazer Homes USA (BZH), AV Homes (AVHI), Hovnanian Enterprises (HOV), New Home Company (NWHM), Gafisa SA (GFA), UCP (UCP) and WCI Communities (WCIC).

Meritage Homes Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.34%), FMR LLC (12.96%), Dimensional Fund Advisors LP (8.41%), Sanders Capital LLC (8.24%), Vanguard Group Inc. (8.21%) and Fisher Asset Management LLC (4.26%). Company insiders that own Meritage Homes Corp stock include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Larry Wayne Seay, Peter L Ax, Phillippe Lord and Robert Gary Sarver. View Institutional Ownership Trends for Meritage Homes Corp.

Meritage Homes Corp's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Fisher Asset Management LLC, TIAA CREF Investment Management LLC, Russell Investments Group Ltd., Sanders Capital LLC, TD Asset Management Inc. and Kennedy Capital Management Inc.. Company insiders that have sold Meritage Homes Corp stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax and Phillippe Lord. View Insider Buying and Selling for Meritage Homes Corp.

Meritage Homes Corp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Vanguard Group Inc., Emerald Advisers Inc. PA, Earnest Partners LLC, State Street Corp, BNP Paribas Arbitrage SA and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Meritage Homes Corp.

Shares of Meritage Homes Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Meritage Homes Corp stock can currently be purchased for approximately $40.60.