Meritage Homes Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Meritage Homes stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTH, but not buy additional shares or sell existing shares.
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9 brokers have issued 1-year price targets for Meritage Homes' shares. Their MTH stock forecasts range from $65.00 to $157.00. On average, they expect Meritage Homes' stock price to reach $110.25 in the next twelve months. This suggests a possible upside of 41.0% from the stock's current price.
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Meritage Homes' stock was trading at $122.06 at the beginning of 2022. Since then, MTH stock has decreased by 35.9% and is now trading at $78.21.
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Meritage Homes is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Meritage Homes.

Meritage Homes will be holding an earnings conference call on Thursday, July 28th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Meritage Homes Co. (NYSE:MTH) announced its earnings results on Wednesday, April, 27th. The construction company reported $5.79 earnings per share for the quarter, topping analysts' consensus estimates of $4.68 by $1.11. The construction company earned $1.29 billion during the quarter, compared to the consensus estimate of $1.25 billion. Meritage Homes had a net margin of 15.40% and a trailing twelve-month return on equity of 28.21%. Meritage Homes's revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.44 earnings per share.
View Meritage Homes' earnings history.

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), Cavco Industries (CVCO), Tri Pointe Homes (TPH), M/I Homes (MHO), Beazer Homes USA (BZH) and Hovnanian Enterprises (HOV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include D.R. Horton (DHI), Verizon Communications (VZ), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Salesforce (CRM), Walt Disney (DIS) and AT&T (T).

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

Meritage Homes' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wiley BROS. Aintree Capital LLC (0.02%). Company insiders that own Meritage Homes stock include Alison Sasser, C Timothy White, Clinton Szubinski, Dana Bradford, Gerald W Haddock, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, Steven J Hilton and Steven J Hilton.
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MTH stock was sold by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC. Company insiders that have sold Meritage Homes company stock in the last two years include Alison Sasser, C Timothy White, Clinton Szubinski, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, and Steven J Hilton.
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Shares of MTH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTH stock can currently be purchased for approximately $78.21.

Meritage Homes (NYSE:MTH) has a market capitalization of $2.87 billion and generates $5.14 billion in revenue each year. The construction company earns $737.44 million in net income (profit) each year or $21.65 on an earnings per share basis.

Meritage Homes employs 1,773 workers across the globe.

Meritage Homes was founded in 2015.

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The official website for Meritage Homes is www.meritagehomes.com. The construction company can be reached via phone at (480) 515-8100, via email at investors@meritagehomes.com, or via fax at 480-998-9162.