About Meritage Corporation (NYSE:MTH)
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The 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. It builds homes in the regions of the United States and offers a range of homes that are designed for a range of homebuyers, including first-time, move-up, active adult and luxury. As of December 31, 2016, it had homebuilding operations in three regions: West, Central and East, which were consisted of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. It also operates Carefree Title Agency, Inc. (Carefree Title) company. Carefree Title's core business includes title insurance and closing/settlement services it offers to its homebuyers.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Residential Builders - Single Homes
- Sub-Industry: Homebuilding
- Symbol: NYSE:MTH
- CUSIP: 59001A10
- Web: www.meritagehomes.com
- Market Cap: $1.94545 billion
- Outstanding Shares: 40,320,000
- 50 Day Moving Avg: $43.66
- 200 Day Moving Avg: $41.47
- 52 Week Range: $29.70 - $48.70
Sales & Book Value:
- Trailing P/E Ratio: 13.32
- Foreward P/E Ratio: 11.03
- P/E Growth: 1.29
- Annual Revenue: $3.12 billion
- Price / Sales: 0.63
- Book Value: $37.01 per share
- Price / Book: 1.31
- EBITDA: $241.92 million
- Net Margins: 4.94%
- Return on Equity: 10.74%
- Return on Assets: 5.16%
- Debt-to-Equity Ratio: 0.91%
- Current Ratio: 1.07%
- Quick Ratio: 1.07%
- Average Volume: 262,314 shs.
- Beta: 1.48
Frequently Asked Questions for Meritage Corporation (NYSE:MTH)
What is Meritage Corporation's stock symbol?
Meritage Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTH."
How were Meritage Corporation's earnings last quarter?
Meritage Corporation (NYSE:MTH) posted its earnings results on Tuesday, August, 1st. The company reported $0.98 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.23. The business had revenue of $802 million for the quarter, compared to analyst estimates of $760.39 million. Meritage Corporation had a net margin of 4.94% and a return on equity of 10.74%. Meritage Corporation's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. View Meritage Corporation's Earnings History.
When will Meritage Corporation make its next earnings announcement?
Where is Meritage Corporation's stock going? Where will Meritage Corporation's stock price be in 2017?
8 equities research analysts have issued 12 month target prices for Meritage Corporation's stock. Their predictions range from $37.00 to $50.00. On average, they expect Meritage Corporation's share price to reach $40.29 in the next twelve months. View Analyst Ratings for Meritage Corporation.
Who are some of Meritage Corporation's key competitors?
Some companies that are related to Meritage Corporation include Rayonier (RYN), JELD-WEN Holding (JELD), Floor & Decor Holdings (FND), MasTec (MTZ), Summit Materials (SUM), Norbord (OSB), Armstrong World Industries (AWI), ABM Industries Incorporated (ABM), KBR (KBR), Dycom Industries (DY), Trex Company (TREX), TRI Pointe Group (TPH), Simpson Manufacturing Company (SSD), KB Home (KBH), Granite Construction Incorporated (GVA), Universal Forest Products (UFPI), Potlatch Corporation (PCH) and GCP Applied Technologies (GCP).
Who are Meritage Corporation's key executives?
Meritage Corporation's management team includes the folowing people:
- Steven J. Hilton, Chairman of the Board, Chief Executive Officer
- Hilla Sferruzza, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
- Phillippe Lord, Chief Operating Officer, Executive Vice President
- Javier Feliciano, Chief Human Resource Officer, Executive Vice President
- C. Timothy White, Executive Vice President, General Counsel, Secretary
- Peter L. Ax, Lead Independent Director
- Dana C. Bradford, Independent Director
- Richard T. Burke Sr., Independent Director
- Gerald W. Haddock, Independent Director
- Deborah A. Henretta, Independent Director
Who owns Meritage Corporation stock?
Meritage Corporation's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sanders Capital LLC (7.88%) and Fisher Asset Management LLC (4.23%). Company insiders that own Meritage Corporation 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 Corporation.
Who sold Meritage Corporation stock? Who is selling Meritage Corporation stock?
Meritage Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Sanders Capital LLC. Company insiders that have sold Meritage Corporation stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano and Phillippe Lord. View Insider Buying and Selling for Meritage Corporation.
How do I buy Meritage Corporation stock?
Shares of Meritage Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Meritage Corporation's stock price today?
MarketBeat Community Rating for Meritage Corporation (NYSE MTH)MarketBeat's community ratings are surveys of what our community members think about Meritage Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Meritage Corporation stock can currently be purchased for approximately $48.40.
Consensus Ratings for Meritage Corporation (NYSE:MTH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.88)|
|Consensus Price Target: ||$40.29 (16.77% downside)|Consensus Price Target History for Meritage Corporation (NYSE:MTH)
Analysts' Ratings History for Meritage Corporation (NYSE:MTH)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/2/2017||Barclays PLC||Reiterated Rating||Underweight||$36.00 -> $38.00||Low|
|8/2/2017||Deutsche Bank AG||Boost Price Target||Hold||$40.00 -> $42.00||Low|
|6/28/2017||Bank of America Corporation||Reiterated Rating||Underperform||$36.00 -> $38.00||Medium|
|6/22/2017||Credit Suisse Group||Initiated Coverage||Neutral||$40.00||Low|
|4/27/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$37.00||High|
|4/3/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$50.00||Medium|
|2/7/2017||BTIG Research||Initiated Coverage||Neutral||N/A|
|1/30/2017||Evercore ISI||Downgrade||Buy -> Hold||$37.00||N/A|
|9/28/2016||Wells Fargo & Company||Initiated Coverage||Market Perform||N/A|
|8/2/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$37.50||N/A|
|7/29/2016||FBR & Co||Boost Price Target||Market Perform||$36.00 -> $41.00||N/A|
|7/11/2016||Zelman & Associates||Downgrade||Buy -> Hold||N/A|
|4/18/2016||FBN Securities||Downgrade||Outperform -> Sector Perform||N/A|
|4/13/2016||Sterne Agee CRT||Downgrade||Buy -> Neutral||$40.00||N/A|
Earnings History for Meritage Corporation (NYSE:MTH)Earnings History by Quarter for Meritage Corporation (NYSE MTH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.75||$0.98||$760.39 million||$802.00 million||View||Listen|
|4/27/2017||Q1 2017||$0.42||$0.56||$609.41 million||$672.80 million||View||N/A|
|2/1/2017||Q416||$1.14||$1.22||$889.50 million||$880.70 million||View||Listen|
|10/27/2016||Q316||$0.86||$0.88||$751.00 million||$735.90 million||View||Listen|
|7/28/2016||Q216||$0.80||$0.95||$747.14 million||$797.90 million||View||Listen|
|4/28/2016||Q116||$0.44||$0.50||$539.97 million||$597.77 million||View||Listen|
|1/28/2016||Q415||$1.13||$1.26||$801.75 million||$781.60 million||View||Listen|
|10/29/2015||Q315||$0.79||$0.73||$628.36 million||$669.90 million||View||Listen|
|7/29/2015||Q215||$0.66||$0.70||$636.91 million||$591.03 million||View||Listen|
|4/23/2015||Q115||$0.55||$0.40||$476.52 million||$517.27 million||View||N/A|
|1/29/2015||Q414||$1.03||$1.19||$710.56 million||$668.30 million||View||N/A|
|10/29/2014||Q314||$0.90||$0.79||$581.40 million||$556.78 million||View||N/A|
|7/24/2014||Q214||$0.81||$0.85||$513.90 million||$502.80 million||View||N/A|
|4/23/2014||Q114||$0.64||$0.62||$441.40 million||$408.35 million||View||N/A|
|2/4/2014||Q413||$1.03||$1.19||$537.80 million||$536.20 million||View||N/A|
|10/23/2013||Q313||$0.80||$0.99||$505.15 million||$492.10 million||View||N/A|
|7/24/2013||Q2 2013||$0.46||$0.74||$414.34 million||$436.04 million||View||N/A|
|4/24/2013||Q1 2013||$0.23||$0.32||$324.38 million||$336.44 million||View||N/A|
|1/31/2013||Q4 2012||$0.42||$2.29||$355.18 million||$364.58 million||View||N/A|
Earnings Estimates for Meritage Corporation (NYSE:MTH)
2017 EPS Consensus Estimate: $3.15
2018 EPS Consensus Estimate: $4.33
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Meritage Corporation (NYSE:MTH)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Meritage Corporation (NYSE:MTH)
Insider Ownership Percentage: 5.60%Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Institutional Ownership Percentage: 98.18%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/21/2017||Javier Feliciano||EVP||Sell||1,009||$35.55||$35,869.95|| |
|5/15/2017||C Timothy White||EVP||Sell||7,500||$41.36||$310,200.00|| |
|5/9/2017||C Timothy White||EVP||Sell||7,032||$39.00||$274,248.00|| |
|3/15/2017||Gerald W. Haddock||Director||Sell||5,000||$36.76||$183,800.00|| |
|2/15/2017||C Timothy White||EVP||Sell||6,157||$34.14||$210,199.98|| |
|2/14/2017||C Timothy White||EVP||Sell||1,739||$34.00||$59,126.00|| |
|2/14/2017||Hilla Sferruzza||CFO||Sell||1,315||$34.23||$45,012.45|| |
|2/14/2017||Phillippe Lord||Insider||Sell||1,857||$34.33||$63,750.81|| |
|2/13/2017||Hilla Sferruzza||CFO||Sell||363||$34.85||$12,650.55|| |
|2/13/2017||Phillippe Lord||COO||Sell||711||$34.85||$24,778.35|| |
|6/13/2016||Peter L Ax||Director||Sell||15,000||$36.71||$550,650.00|| |
|6/9/2016||Gerald W Haddock||Director||Sell||7,500||$38.11||$285,825.00|| |
|5/16/2016||Robert Gary Sarver||Director||Sell||4,381||$33.92||$148,603.52|| |
|2/17/2016||C Timothy White||EVP||Sell||6,812||$30.84||$210,082.08|| |
|2/17/2016||Hilla Sferruzza||CAO||Sell||291||$30.84||$8,974.44|| |
|2/17/2016||Larry Wayne Seay||CFO||Sell||7,957||$30.84||$245,393.88|| |
|2/17/2016||Phillippe Lord||COO||Sell||1,138||$30.79||$35,039.02|| |
|2/16/2016||Hilla Sferruzza||CAO||Sell||655||$29.60||$19,388.00|| |
|2/11/2016||Hilla Sferruzza||CAO||Sell||733||$29.60||$21,696.80|| |
|2/11/2016||Phillippe Lord||COO||Sell||1,291||$29.55||$38,149.05|| |
|4/28/2015||Larry Wayne Seay||CFO||Sell||17,333||$45.14||$782,411.62|| |
|3/10/2015||Hilla Sferruzza||CAO||Sell||1,750||$42.38||$74,165.00|| |
|2/27/2015||Steven J Hilton||CEO||Sell||139,840||$43.84||$6,130,585.60|| |
|2/11/2015||C Timothy White||EVP||Sell||11,297||$39.67||$448,151.99|| |
|2/11/2015||Larry Wayne Seay||CFO||Sell||11,978||$39.67||$475,167.26|| |
|2/11/2015||Steven J Hilton||CEO||Sell||17,050||$39.67||$676,373.50|| |
|2/11/2015||Steven M Davis||COO||Sell||11,138||$39.67||$441,844.46|| |
|2/10/2015||C Timothy White||EVP||Sell||13,264||$39.79||$527,774.56|| |
|12/1/2014||Gerald W Haddock||Director||Sell||7,500||$38.65||$289,875.00|| |
|2/26/2014||C Timothy White||EVP||Sell||13,075||$49.43||$646,297.25|| |
|2/26/2014||Hilla Sferruzza||CAO||Sell||1,500||$49.20||$73,800.00|| |
|2/26/2014||Larry Wayne Seay||CFO||Sell||10,695||$48.97||$523,734.15|| |
|2/26/2014||Steven Davis||COO||Sell||6,060||$49.91||$302,454.60|| |
|2/26/2014||Steven Hilton||CEO||Sell||50,000||$49.17||$2,458,500.00|| |
|2/11/2014||Larry Wayne Seay||CFO||Sell||11,925||$45.00||$536,625.00|| |
|2/11/2014||Steven Davis||COO||Sell||11,087||$45.00||$498,915.00|| |
|2/11/2014||Steven Hilton||CEO||Sell||16,973||$45.00||$763,785.00|| |
|11/25/2013||Steven Davis||COO||Sell||2,000||$41.38||$82,760.00|| |
|10/30/2013||Steven M Davis||COO||Sell||6,462||$47.00||$303,714.00|| |
|10/28/2013||Larry Wayne Seay||CFO||Sell||16,932||$46.74||$791,401.68|| |
|8/1/2013||Raymond Oppel||Director||Sell||11,500||$46.00||$529,000.00|| |
|5/14/2013||Steven J Hilton||CEO||Sell||50,000||$52.19||$2,609,500.00|| |
|9/4/2012||Robert Gary Sarver||Director||Sell||20,000||$36.75||$735,000.00|| |
Headline Trends for Meritage Corporation (NYSE:MTH)
Latest Headlines for Meritage Corporation (NYSE:MTH)
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Meritage Corporation (MTH) Chart for Saturday, October, 21, 2017