Meritage Homes Corporation 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 various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name. The company also provides warranty and customer services; and insurance and closing/settlement services for its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Operative builders
Sub-IndustryHomebuilding
SectorConstruction
Current SymbolNYSE:MTH
Previous Symbol
CUSIP59001A10
Phone480-515-8100
Debt
Debt-to-Equity Ratio0.77
Current Ratio0.86
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio9.71
Forward P/E Ratio7.23
P/E Growth0.54
Sales & Book Value
Annual Sales$3.23 billion
Price / Sales0.47
Cash Flow$4.5168 per share
Price / Cash8.34
Book Value$39.10 per share
Price / Book0.96
Profitability
EPS (Most Recent Fiscal Year)$3.88
Net Income$143.25 million
Net Margins5.43%
Return on Equity12.56%
Return on Assets6.17%
Miscellaneous
Employees1,605
Outstanding Shares39,970,000
Market Cap$1.48 billion
OptionableOptionable
Meritage Homes (NYSE:MTH) Frequently Asked Questions
What is Meritage Homes' stock symbol?
Meritage Homes trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."
How were Meritage Homes' earnings last quarter?
Meritage Homes Corp (NYSE:MTH) announced its quarterly earnings results on Wednesday, October, 24th. The construction company reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.36 by $0.03. The construction company had revenue of $884.58 million for the quarter, compared to analysts' expectations of $899.55 million. Meritage Homes had a net margin of 5.43% and a return on equity of 12.56%. View Meritage Homes' Earnings History.
When is Meritage Homes' next earnings date?
What price target have analysts set for MTH?
13 brokerages have issued 1-year price targets for Meritage Homes' shares. Their forecasts range from $36.00 to $57.00. On average, they expect Meritage Homes' share price to reach $48.80 in the next twelve months. This suggests a possible upside of 29.5% from the stock's current price. View Analyst Price Targets for Meritage Homes.
What is the consensus analysts' recommendation for Meritage Homes?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.
Has Meritage Homes been receiving favorable news coverage?
News coverage about MTH stock has trended very positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meritage Homes earned a media sentiment score of 3.4 on InfoTrie's scale. They also assigned media stories about the construction company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the near term.
Who are some of Meritage Homes' key competitors?
Some companies that are related to Meritage Homes include Toll Brothers (TOL), Taylor Morrison Home (TMHC), TRI Pointe Group (TPH), KB Home (KBH), M.D.C. (MDC), LGI Homes (LGIH), M/I Homes (MHO), Century Communities (CCS), William Lyon Homes (WLH), Green Brick Partners (GRBK), Beazer Homes USA (BZH), Hovnanian Enterprises (HOV), New Home (NWHM), Comstock Holding Companies (CHCI) and AV Homes (AVHI).
Who are Meritage Homes' key executives?
Meritage Homes' management team includes the folowing people:
- Mr. Steven J. Hilton, Chairman & CEO (Age 57)
- Ms. Hilla Sferruzza, CFO & Exec. VP (Age 42)
- Mr. Phillippe Lord, COO & Exec. VP (Age 44)
- Mr. C. Timothy White, Gen. Counsel, Exec. VP & Sec. (Age 57)
- Mr. Javier Feliciano, Chief HR Officer & Exec. VP (Age 44)
Who are Meritage Homes' major shareholders?
Meritage Homes' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.43%), Dimensional Fund Advisors LP (8.22%), Macquarie Group Ltd. (4.60%), Fisher Asset Management LLC (3.99%), Prudential Financial Inc. (2.52%) and Bank of New York Mellon Corp (1.57%). 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 and Robert Gary Sarver. View Institutional Ownership Trends for Meritage Homes.
Which major investors are selling Meritage Homes stock?
MTH stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., James Investment Research Inc., TIAA CREF Investment Management LLC, Wells Fargo & Company MN, AQR Capital Management LLC, Emerald Advisers Inc. PA, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord and Robert Gary Sarver. View Insider Buying and Selling for Meritage Homes.
Which major investors are buying Meritage Homes stock?
MTH stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Artemis Investment Management LLP, BlackRock Inc., New Amsterdam Partners LLC NY, Assenagon Asset Management S.A., Rehmann Capital Advisory Group, Macquarie Group Ltd. and First Trust Advisors LP. View Insider Buying and Selling for Meritage Homes.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Meritage Homes' stock price today?
One share of MTH stock can currently be purchased for approximately $37.67.
How big of a company is Meritage Homes?
Meritage Homes has a market capitalization of $1.48 billion and generates $3.23 billion in revenue each year. The construction company earns $143.25 million in net income (profit) each year or $3.88 on an earnings per share basis. Meritage Homes employs 1,605 workers across the globe.
What is Meritage Homes' official website?
How can I contact Meritage Homes?
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]
MarketBeat Community Rating for Meritage Homes (NYSE MTH)
MarketBeat's community ratings are surveys of what our community members think about Meritage Homes and other stocks. Vote "Outperform" if you believe MTH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTH will underperform the S&P 500 over the long term. You may vote once every thirty days.
