Meritage Homes Corp. Company Profile (NYSE:MTH)

About Meritage Homes Corp.

Meritage Homes Corp. logoMeritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee. Its homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets, where it operates under the Legendary Communities brand.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Residential Construction
  • Sub-Industry: Homebuilding
  • Exchange: NYSE
  • Symbol: MTH
  • CUSIP: 59001A10
Key Metrics:
  • Previous Close: $34.70
  • 50 Day Moving Average: $34.83
  • 200 Day Moving Average: $36.20
  • 52-Week Range: $25.48 - $41.33
  • Trailing P/E Ratio: 10.09
  • Foreward P/E Ratio: 8.34
  • P/E Growth: 0.90
  • Market Cap: $1.39B
  • Outstanding Shares: 40,018,000
  • Beta: 1.38
Profitability:
  • Net Margins: 5.05%
  • Return on Equity: 11.36%
  • Return on Assets: 5.32%
Debt:
  • Debt-to-Equity Ratio: 0.84%
  • Current Ratio: 0.90%
  • Quick Ratio: 0.90%
Additional Links:
Companies Related to Meritage Homes Corp.:

Analyst Ratings

Consensus Ratings for Meritage Homes Corp. (NYSE:MTH) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $38.56 (11.13% upside)

Analysts' Ratings History for Meritage Homes Corp. (NYSE:MTH)
Show:
DateFirmActionRatingPrice TargetDetails
9/28/2016Wells Fargo & Co.Initiated CoverageMarket PerformView Rating Details
8/2/2016Deutsche Bank AGDowngradeBuy -> Hold$41.00 -> $38.00View Rating Details
8/2/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$37.50View Rating Details
7/29/2016Credit Suisse Group AGReiterated RatingSell$36.00View Rating Details
7/29/2016FBR & CoBoost Price TargetMarket Perform$36.00 -> $41.00View Rating Details
7/11/2016Zelman & AssociatesDowngradeBuy -> HoldView Rating Details
6/24/2016JMP SecuritiesReiterated RatingMarket PerformView Rating Details
4/18/2016FBN SecuritiesDowngradeOutperform -> Sector PerformView Rating Details
4/13/2016Sterne Agee CRTDowngradeBuy -> Neutral$40.00View Rating Details
4/7/2016Barclays PLCUpgradeEqual Weight -> Overweight$36.00 -> $42.00View Rating Details
1/29/2016Keefe, Bruyette & WoodsLower Price Target$40.00 -> $36.00View Rating Details
10/30/2015Evercore ISIDowngradeBuy -> HoldView Rating Details
3/12/2015Citigroup Inc.DowngradeBuy -> Neutral$44.00 -> $47.00View Rating Details
(Data available from 10/1/2014 forward)

Earnings

Earnings History for Meritage Homes Corp. (NYSE:MTH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
7/28/2016Q216$0.80$0.95$747.14 million$797.90 millionViewListenView Earnings Details
4/28/2016Q116$0.44$0.50$539.97 million$597.77 millionViewListenView Earnings Details
1/28/2016Q415$1.13$1.26$801.75 million$781.60 millionViewListenView Earnings Details
10/29/2015Q315$0.77$0.73$628.36 million$669.90 millionViewListenView Earnings Details
7/29/2015Q215$0.66$0.70$636.91 million$591.03 millionViewListenView Earnings Details
4/23/2015Q115$0.55$0.40$476.52 million$517.27 millionViewN/AView Earnings Details
1/29/2015Q414$1.03$1.19$710.56 million$668.30 millionViewN/AView Earnings Details
10/29/2014Q314$0.90$0.79$581.40 million$556.78 millionViewN/AView Earnings Details
7/24/2014Q214$0.82$0.85$513.90 million$502.80 millionViewN/AView Earnings Details
4/23/2014Q114$0.64$0.62$441.40 million$408.35 millionViewN/AView Earnings Details
2/4/2014Q413$1.03$1.19$537.80 million$536.20 millionViewN/AView Earnings Details
10/23/2013Q313$0.80$0.99$505.15 million$492.10 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.46$0.74$414.34 million$436.04 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.23$0.32$324.38 million$336.44 millionViewN/AView Earnings Details
1/31/2013Q4 2012$0.42$2.29$355.18 million$364.58 millionViewN/AView Earnings Details
10/25/2012$0.34$0.43ViewN/AView Earnings Details
7/26/2012$0.14$0.24ViewN/AView Earnings Details
4/26/2012($0.06)($0.15)ViewN/AView Earnings Details
1/31/2012$0.09($0.36)ViewN/AView Earnings Details
10/27/2011$0.04($0.10)ViewN/AView Earnings Details
7/29/2011($0.03)$0.02ViewN/AView Earnings Details
4/28/2011($0.11)($0.21)ViewN/AView Earnings Details
2/2/2011($0.04)($0.03)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Meritage Homes Corp. (NYSE:MTH)
Current Year EPS Consensus Estimate: $3.6 EPS
Next Year EPS Consensus Estimate: $4.16 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.74$0.74$0.74
Q3 20161$0.83$0.83$0.83
Q4 20161$1.29$1.29$1.29
Q2 20171$0.89$0.89$0.89
Q4 20171$1.42$1.42$1.42
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Meritage Homes Corp. (NYSE:MTH)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Meritage Homes Corp. (NYSE:MTH)
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 95.16%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/13/2016Peter L AxDirectorSell15,000$36.71$550,650.00View SEC Filing  
6/9/2016Gerald W HaddockDirectorSell7,500$38.11$285,825.00View SEC Filing  
5/16/2016Robert Gary SarverDirectorSell4,381$33.92$148,603.52View SEC Filing  
2/17/2016C Timothy WhiteEVPSell6,812$30.84$210,082.08View SEC Filing  
2/17/2016Hilla SferruzzaCAOSell291$30.84$8,974.44View SEC Filing  
2/17/2016Larry Wayne SeayCFOSell7,957$30.84$245,393.88View SEC Filing  
2/17/2016Phillippe LordCOOSell1,138$30.79$35,039.02View SEC Filing  
2/16/2016Hilla SferruzzaCAOSell655$29.60$19,388.00View SEC Filing  
2/11/2016Hilla SferruzzaCAOSell733$29.60$21,696.80View SEC Filing  
2/11/2016Phillippe LordCOOSell1,291$29.55$38,149.05View SEC Filing  
4/28/2015Larry Wayne SeayCFOSell17,333$45.14$782,411.62View SEC Filing  
3/10/2015Hilla SferruzzaCAOSell1,750$42.38$74,165.00View SEC Filing  
2/27/2015Steven J HiltonCEOSell139,840$43.84$6,130,585.60View SEC Filing  
2/11/2015C Timothy WhiteEVPSell11,297$39.67$448,151.99View SEC Filing  
2/11/2015Larry Wayne SeayCFOSell11,978$39.67$475,167.26View SEC Filing  
2/11/2015Steven J HiltonCEOSell17,050$39.67$676,373.50View SEC Filing  
2/11/2015Steven M DavisCOOSell11,138$39.67$441,844.46View SEC Filing  
2/10/2015C Timothy WhiteEVPSell13,264$39.79$527,774.56View SEC Filing  
12/1/2014Gerald W HaddockDirectorSell7,500$38.65$289,875.00View SEC Filing  
2/26/2014C Timothy WhiteEVPSell13,075$49.43$646,297.25View SEC Filing  
2/26/2014Hilla SferruzzaCAOSell1,500$49.20$73,800.00View SEC Filing  
2/26/2014Larry Wayne SeayCFOSell10,695$48.97$523,734.15View SEC Filing  
2/26/2014Steven DavisCOOSell6,060$49.91$302,454.60View SEC Filing  
2/26/2014Steven HiltonCEOSell50,000$49.17$2,458,500.00View SEC Filing  
2/11/2014Larry Wayne SeayCFOSell11,925$45.00$536,625.00View SEC Filing  
2/11/2014Steven DavisCOOSell11,087$45.00$498,915.00View SEC Filing  
2/11/2014Steven HiltonCEOSell16,973$45.00$763,785.00View SEC Filing  
11/25/2013Steven DavisCOOSell2,000$41.38$82,760.00View SEC Filing  
10/30/2013Steven M DavisCOOSell6,462$47.00$303,714.00View SEC Filing  
10/28/2013Larry Wayne SeayCFOSell16,932$46.74$791,401.68View SEC Filing  
8/1/2013Raymond OppelDirectorSell11,500$46.00$529,000.00View SEC Filing  
5/14/2013Steven J HiltonCEOSell50,000$52.19$2,609,500.00View SEC Filing  
9/4/2012Robert Gary SarverDirectorSell20,000$36.75$735,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Meritage Homes Corp. (NYSE:MTH)
DateHeadline
News IconStock Moving Higher Over the Last Five Trading Periods: Meritage Homes Corporation (NYSE:MTH) - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 30 at 11:31 AM
finance.yahoo.com logoCoverage initiated on Meritage by Wells Fargo (NYSE:MTH)
finance.yahoo.com - September 29 at 6:14 PM
bizjournals.com logoMeritage Homes gives free home to Iraq War veteran - Phoenix Business Journal (NYSE:MTH)
www.bizjournals.com - September 23 at 5:51 PM
bizjournals.com logoMeritage Homes gives free home to Iraq War veteran (NYSE:MTH)
www.bizjournals.com - September 23 at 5:51 PM
News IconMeritage Homes donating mortgage-free home to veteran (NYSE:MTH)
azbigmedia.com - September 23 at 10:56 AM
News IconBarclays Reaffirms Equal Weight Rating for Meritage Homes Corp (MTH) - Petro Global News 24 (NYSE:MTH)
petroglobalnews24.com - September 22 at 5:58 PM
investornewswire.com logoMeritage Homes Corp (NYSE:MTH)'s Expectation Of $3336.405 In Sales - Investor Newswire (NYSE:MTH)
www.investornewswire.com - September 21 at 5:55 PM
News IconSell-side is Weighing in on Meritage Homes Corp (NYSE:MTH) Earnings & Targets - Frisco Fastball (NYSE:MTH)
friscofastball.com - September 21 at 5:55 PM
News IconStock Down Over the Last Quarter: Meritage Homes Corporation (NYSE:MTH) - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 18 at 10:37 AM
News IconBrokerages give average Rating of “Hold” to Meritage Homes Corp (NYSE:MTH) - DailyQuint (NYSE:MTH)
dailyquint.com - September 17 at 10:45 AM
investornewswire.com logoCan Shares Of Meritage Homes Corp (NYSE:MTH) Hit $41 - Investor Newswire (NYSE:MTH)
www.investornewswire.com - September 16 at 6:01 PM
News IconOperation Homefront Selects Two Veterans for Mortgage-Free Homes from Meritage Homes - Texas Insider (NYSE:MTH)
www.texasinsider.org - September 14 at 10:33 AM
News IconShort Information Review for: Meritage Homes Corporation (NYSE:MTH) - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 14 at 10:33 AM
finanznachrichten.de logoMERITAGE HOMES CORPORATION (NYSE:MTH)
www.finanznachrichten.de - September 11 at 5:43 PM
News IconShares Lower Over the Past Quarter: Meritage Homes Corporation (NYSE:MTH) - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 11 at 10:26 AM
News IconOperation Homefront Selects Two Veterans for Mortgage-Free Homes From Meritage Homes - Yahoo Sports (NYSE:MTH)
sports.yahoo.com - September 10 at 5:41 PM
nasdaq.com logoMTH Makes Notable Cross Below Critical Moving Average - Nasdaq (NYSE:MTH)
www.nasdaq.com - September 10 at 5:41 PM
finance.yahoo.com logoOperation Homefront Selects Two Veterans for Mortgage-Free Homes From Meritage Homes (NYSE:MTH)
finance.yahoo.com - September 9 at 5:57 PM
investornewswire.com logoMeritage Homes Corp (NYSE:MTH) Expects Sales Of $3336.405 - Investor Newswire (NYSE:MTH)
www.investornewswire.com - September 8 at 6:03 PM
News IconPlacing Meritage Homes Corp (NYSE:MTH) Shares Under the Microscope - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 8 at 6:03 PM
investornewswire.com logoCan Shares Of Meritage Homes Corp (NYSE:MTH) Get To $41? - Investor Newswire (NYSE:MTH)
www.investornewswire.com - September 4 at 10:28 AM
News IconStock in Review: Taking a Closer Look at Meritage Homes Corp (NYSE:MTH) Shares - Post News (NYSE:MTH)
www.kentuckypostnews.com - September 1 at 6:12 PM
capitalcube.com logoETF’s with exposure to Meritage Homes Corp. : August 25, 2016 (NYSE:MTH)
www.capitalcube.com - August 25 at 11:24 AM
News IconHow is the Crowd Rating Meritage Homes Corp (NYSE:MTH) Shares? - Post News (NYSE:MTH)
www.kentuckypostnews.com - August 24 at 6:04 PM
investornewswire.com logoMeritage Homes Corp (NYSE:MTH) Reports Sales Of $797.896, Surprising Estimates By 6.735% - Investor Newswire (NYSE:MTH)
www.investornewswire.com - August 24 at 6:04 PM
News IconStock Gaining Over the Past Six Months: Meritage Homes Corporation (NYSE:MTH) - Post News (NYSE:MTH)
www.kentuckypostnews.com - August 22 at 10:55 AM
investornewswire.com logoMeritage Homes Corp (NYSE:MTH) Rating In Focus - Investor Newswire (NYSE:MTH)
www.investornewswire.com - August 13 at 6:03 PM
tradecalls.org logoFBR Capital Maintains Meritage Homes Corp to Market Perform with Price Target $41.00 - Trade Calls (NYSE:MTH)
www.tradecalls.org - August 8 at 10:57 AM
finance.yahoo.com logoMERITAGE HOMES CORP Financials (NYSE:MTH)
finance.yahoo.com - August 6 at 6:27 PM
capitalcube.com logoETF’s with exposure to Meritage Homes Corp. : August 4, 2016 (NYSE:MTH)
www.capitalcube.com - August 4 at 6:40 PM
capitalcube.com logoMeritage Homes Corp. :MTH-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:MTH)
www.capitalcube.com - August 3 at 6:39 PM
fool.com logoMeritage Homes Corp Profits Up, Gross Margin Down: Guess What Mister Market Does? (NYSE:MTH)
www.fool.com - August 3 at 7:18 AM
nasdaq.com logoMTH Makes Notable Cross Below Critical Moving Average (NYSE:MTH)
www.nasdaq.com - August 2 at 6:36 PM
biz.yahoo.com logoMERITAGE HOMES CORP Files SEC form 10-Q, Quarterly Report (NYSE:MTH)
biz.yahoo.com - August 1 at 6:03 PM
investing.com logoHousing Market Review: GDP Contrasts With Relatively Healthy Housing (NYSE:MTH)
www.investing.com - August 1 at 10:58 AM
breakingfinancenews.com logoFBR Capital issued a report on (NYSE:MTH) Meritage Homes Corporation, stepping up its target price to $41 earlier today (NYSE:MTH)
breakingfinancenews.com - July 31 at 10:25 AM
investornewswire.com logoCan Shares Of Meritage Homes Corp (NYSE:MTH) Hit $41? - Investor Newswire (NYSE:MTH)
www.investornewswire.com - July 29 at 6:29 PM
capitalcube.com logoMeritage Homes Corp. breached its 50 day moving average in a Bearish Manner : MTH-US : July 29, 2016 (NYSE:MTH)
www.capitalcube.com - July 29 at 8:44 AM
4-traders.com logoMeritage Homes : beats 2Q profit forecasts (NYSE:MTH)
www.4-traders.com - July 28 at 6:32 PM
sg.finance.yahoo.com logoMeritage beats 2Q profit forecasts (NYSE:MTH)
sg.finance.yahoo.com - July 28 at 12:21 PM
News IconMeritage Reports $40 Million 2nd-QTR Profit (NYSE:MTH)
www.builderonline.com - July 28 at 9:32 AM
rttnews.com logoMeritage Homes Corp. Bottom Line Climbs 37% In Q2 (NYSE:MTH)
www.rttnews.com - July 28 at 9:32 AM
publicnow.com logoMeritage Homes Reports a 35% Increase in Home Closing Revenue and a 37% Increase in Net Earnings, Resulting in Diluted EPS of $0.95 for the Second Quarter 2016 (NYSE:MTH)
www.publicnow.com - July 28 at 7:58 AM
finance.yahoo.com logo7:37 am Meritage beats by $0.15, beats on revs; guides Q3 EPS below consensus; guides FY16 EPS in-line (NYSE:MTH)
finance.yahoo.com - July 28 at 7:37 AM
biz.yahoo.com logoMERITAGE HOMES CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib (NYSE:MTH)
biz.yahoo.com - July 28 at 7:36 AM
investornewswire.com logoIs $41 Price Target Attainable For Meritage Homes Corp (NYSE:MTH)? - Investor Newswire (NYSE:MTH)
www.investornewswire.com - July 24 at 10:34 AM
news.cmlviz.com logoMeritage Homes Corporation (NYSE:MTH) Stock Technicals Hit Strength - CML News (NYSE:MTH)
news.cmlviz.com - July 22 at 6:12 PM
News IconMeritage Homes Corp (NYSE:MTH): Sell-Side Ratings and Company Earnings Glance - Engelwood Daily (NYSE:MTH)
www.engelwooddaily.com - July 21 at 9:09 AM
investornewswire.com logoMeritage Homes Corp (NYSE:MTH) Expected To Post Sales Of $3357.63 - Investor Newswire (NYSE:MTH)
www.investornewswire.com - July 21 at 9:09 AM
News IconEarnings Focus and Crowd Sourced Sentiment Review for Meritage Homes Corp (NYSE:MTH) - TGP (NYSE:MTH)
telanaganapress.com - July 21 at 9:09 AM

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Meritage Homes Corp. (NYSE:MTH) Chart for Saturday, October, 1, 2016


Last Updated on 10/1/2016 by MarketBeat.com Staff