Meritage Corporation Company Profile (NYSE:MTH)

About Meritage Corporation (NYSE:MTH)

Meritage Corporation logoMeritage 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
Capitalization:
  • Market Cap: $1.94545 billion
  • Outstanding Shares: 40,320,000
Average Prices:
  • 50 Day Moving Avg: $43.66
  • 200 Day Moving Avg: $41.47
  • 52 Week Range: $29.70 - $48.70
P/E:
  • Trailing P/E Ratio: 13.32
  • Foreward P/E Ratio: 11.03
  • P/E Growth: 1.29
Sales & Book Value:
  • Annual Revenue: $3.12 billion
  • Price / Sales: 0.63
  • Book Value: $37.01 per share
  • Price / Book: 1.31
Profitability:
  • EBITDA: $241.92 million
  • Net Margins: 4.94%
  • Return on Equity: 10.74%
  • Return on Assets: 5.16%
Debt:
  • Debt-to-Equity Ratio: 0.91%
  • Current Ratio: 1.07%
  • Quick Ratio: 1.07%
Misc:
  • 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?

Meritage Corporation is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for Meritage Corporation.

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?

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?

One share of Meritage Corporation stock can currently be purchased for approximately $48.40.


MarketBeat Community Rating for Meritage Corporation (NYSE MTH)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  180 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  551
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.

Analyst Ratings

Consensus Ratings for Meritage Corporation (NYSE:MTH) (How are Consensus Ratings Calculated?)
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)
Price Target History for Meritage Corporation (NYSE:MTH)
Analysts' Ratings History for Meritage Corporation (NYSE:MTH)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/2/2017Barclays PLCReiterated RatingUnderweight$36.00 -> $38.00LowView Rating Details
8/2/2017Deutsche Bank AGBoost Price TargetHold$40.00 -> $42.00LowView Rating Details
6/28/2017Bank of America CorporationReiterated RatingUnderperform$36.00 -> $38.00MediumView Rating Details
6/22/2017Credit Suisse GroupInitiated CoverageNeutral$40.00LowView Rating Details
4/27/2017Keefe, Bruyette & WoodsReiterated RatingHold$37.00HighView Rating Details
4/3/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$50.00MediumView Rating Details
2/7/2017BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
1/30/2017Evercore ISIDowngradeBuy -> Hold$37.00N/AView Rating Details
9/28/2016Wells Fargo & CompanyInitiated CoverageMarket PerformN/AView Rating Details
8/2/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$37.50N/AView Rating Details
7/29/2016FBR & CoBoost Price TargetMarket Perform$36.00 -> $41.00N/AView Rating Details
7/11/2016Zelman & AssociatesDowngradeBuy -> HoldN/AView Rating Details
4/18/2016FBN SecuritiesDowngradeOutperform -> Sector PerformN/AView Rating Details
4/13/2016Sterne Agee CRTDowngradeBuy -> Neutral$40.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Meritage Corporation (NYSE:MTH)
Earnings by Quarter for Meritage Corporation (NYSE:MTH)
Earnings History by Quarter for Meritage Corporation (NYSE MTH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2017$0.94N/AView Earnings Details
8/1/2017Q2 2017$0.75$0.98$760.39 million$802.00 millionViewListenView Earnings Details
4/27/2017Q1 2017$0.42$0.56$609.41 million$672.80 millionViewN/AView Earnings Details
2/1/2017Q416$1.14$1.22$889.50 million$880.70 millionViewListenView Earnings Details
10/27/2016Q316$0.86$0.88$751.00 million$735.90 millionViewListenView Earnings Details
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$0.79$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$0.81$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 Corporation (NYSE:MTH)
2017 EPS Consensus Estimate: $3.15
2018 EPS Consensus Estimate: $4.33
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20172$0.73$0.89$0.81
Q3 20172$0.87$0.99$0.93
Q4 20172$1.39$1.42$1.41
Q1 20182$0.62$0.78$0.70
Q2 20182$1.01$1.10$1.06
Q3 20182$1.01$1.14$1.08
Q4 20182$1.43$1.56$1.50
(Data provided by Zacks Investment Research)

Dividends

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

Insider Trades

Insider Trading and Institutional Ownership History for Meritage Corporation (NYSE:MTH)
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 98.18%
Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Institutional Ownership by Quarter for Meritage Corporation (NYSE:MTH)
Insider Trades by Quarter for Meritage Corporation (NYSE:MTH)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2017Javier FelicianoEVPSell1,009$35.55$35,869.95View SEC Filing  
5/15/2017C Timothy WhiteEVPSell7,500$41.36$310,200.00View SEC Filing  
5/9/2017C Timothy WhiteEVPSell7,032$39.00$274,248.00View SEC Filing  
3/15/2017Gerald W. HaddockDirectorSell5,000$36.76$183,800.00View SEC Filing  
2/15/2017C Timothy WhiteEVPSell6,157$34.14$210,199.98View SEC Filing  
2/14/2017C Timothy WhiteEVPSell1,739$34.00$59,126.00View SEC Filing  
2/14/2017Hilla SferruzzaCFOSell1,315$34.23$45,012.45View SEC Filing  
2/14/2017Phillippe LordInsiderSell1,857$34.33$63,750.81View SEC Filing  
2/13/2017Hilla SferruzzaCFOSell363$34.85$12,650.55View SEC Filing  
2/13/2017Phillippe LordCOOSell711$34.85$24,778.35View SEC Filing  
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

Headline Trends for Meritage Corporation (NYSE:MTH)
Latest Headlines for Meritage Corporation (NYSE:MTH)
Source:
Loading headlines, please wait.

Social

Chart

Meritage Corporation (MTH) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.