Meritage Homes Corp Company Profile (NYSE:MTH)

About Meritage Homes Corp (NYSE:MTH)

Meritage Homes Corp 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 Construction
  • Sub-Industry: Homebuilding
  • Symbol: NYSE:MTH
  • CUSIP: 59001A10
  • Web:
  • Market Cap: $1.63 billion
  • Outstanding Shares: 40,314,000
Average Prices:
  • 50 Day Moving Avg: $39.20
  • 200 Day Moving Avg: $36.67
  • 52 Week Range: $29.70 - $41.70
  • Trailing P/E Ratio: 11.21
  • Foreward P/E Ratio: 9.54
  • P/E Growth: 1.28
Sales & Book Value:
  • Annual Revenue: $3.12 billion
  • Price / Sales: 0.52
  • Book Value: $35.93 per share
  • Price / Book: 1.12
  • EBIDTA: $238.33 million
  • Net Margins: 4.93%
  • Return on Equity: 11.08%
  • Return on Assets: 5.32%
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 0.85%
  • Quick Ratio: 0.75%
  • Average Volume: 386,997 shs.
  • Beta: 1.36
  • Short Ratio: 9.72

Frequently Asked Questions for Meritage Homes Corp (NYSE:MTH)

What is Meritage Homes Corp's stock symbol?

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

How were Meritage Homes Corp's earnings last quarter?

Meritage Homes Corp (NYSE:MTH) released its quarterly earnings results on Thursday, April, 27th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.42 by $0.14. The firm had revenue of $672.80 million for the quarter, compared to analyst estimates of $609.41 million. Meritage Homes Corp had a net margin of 4.93% and a return on equity of 11.08%. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. View Meritage Homes Corp's Earnings History.

Where is Meritage Homes Corp's stock going? Where will Meritage Homes Corp's stock price be in 2017?

11 brokers have issued 1-year price targets for Meritage Homes Corp's stock. Their forecasts range from $36.00 to $50.00. On average, they anticipate Meritage Homes Corp's share price to reach $39.06 in the next twelve months. View Analyst Ratings for Meritage Homes Corp.

What are analysts saying about Meritage Homes Corp stock?

Here are some recent quotes from research analysts about Meritage Homes Corp stock:

  • 1. According to Zacks Investment Research, "Meritage Homes Corp. is one of the nation's largest single-family homebuilders. " (5/3/2017)
  • 2. JMP Securities analysts commented, "from a mix-shift to higher entry-level product and lower gross margin." The revised estimates are $0.02 below the consensus estimate for 2016 and $0.07 above the 2017 consensus estimate.In May, the company guided EPS of $3.55–$3.85 for the year, compared to $3.09 in 2015, including $0.78–$0.85 for the second quarter, compared to $0.70 a year ago.Related Link: Here's How The Brexit Could Impact The U.S. Housing MarketMeritage expects home closing gross margin of approximately 18–18.5 percent for the year, compared to 19 percent in 2015, and mid-17–18 percent in the second quarter, compared to 19.3 percent in the prior year."We believe MTH is working through its product and operational headwinds with the Legendary acquisition, which, coupled with labor and material costs in several other markets, are the primary reasons for the 100bps decrease in gross margin from FY15 to the midpoint of FY16 guidance," Martin wrote in a note.Looking ahead, the analyst cut his 2017 margin assumption by 40bps "on labor and land costs, higher incentives in more competitive markets, and continued expansion into the higher end of the first-time buyer market."In addition, JMP said its housing market checks were in line with its thesis of a "modest economic recovery with building momentum at the lower first-time buyer price points and deceleration at the high end."Going into the quarter, our primary concerns are land costs across all of MTH's key markets along with labor constraints, specifically in Colorado, Phoenix, Dallas, Atlanta, and pockets of California," (6/24/2016)

Who are some of Meritage Homes Corp's key competitors?

Who owns Meritage Homes Corp stock?

Meritage Homes Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.34%), FMR LLC (12.96%), Dimensional Fund Advisors LP (8.41%), Sanders Capital LLC (8.24%), Vanguard Group Inc. (8.21%) and Fisher Asset Management LLC (4.26%). Company insiders that own Meritage Homes Corp 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 Homes Corp.

Who sold Meritage Homes Corp stock? Who is selling Meritage Homes Corp stock?

Meritage Homes Corp's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., Fisher Asset Management LLC, TIAA CREF Investment Management LLC, Russell Investments Group Ltd., Sanders Capital LLC, TD Asset Management Inc. and Kennedy Capital Management Inc.. Company insiders that have sold Meritage Homes Corp stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax and Phillippe Lord. View Insider Buying and Selling for Meritage Homes Corp.

Who bought Meritage Homes Corp stock? Who is buying Meritage Homes Corp stock?

Meritage Homes Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Vanguard Group Inc., Emerald Advisers Inc. PA, Earnest Partners LLC, State Street Corp, BNP Paribas Arbitrage SA and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Meritage Homes Corp.

How do I buy Meritage Homes Corp stock?

Shares of Meritage Homes Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Meritage Homes Corp stock cost?

One share of Meritage Homes Corp stock can currently be purchased for approximately $40.35.

Analyst Ratings

Consensus Ratings for Meritage Homes Corp (NYSE:MTH) (?)
Ratings Breakdown: 2 Sell Ratings, 8 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.91)
Consensus Price Target: $39.06 (3.19% downside)

Analysts' Ratings History for Meritage Homes Corp (NYSE:MTH)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/27/2017Keefe, Bruyette & WoodsReiterated RatingHold$37.00HighView Rating Details
4/3/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$50.00MediumView Rating Details
3/7/2017Barclays PLCReiterated RatingUnderweight$36.00N/AView Rating Details
2/7/2017BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
1/30/2017Evercore ISIDowngradeBuy -> Hold$37.00N/AView Rating Details
9/28/2016Wells Fargo & CoInitiated CoverageMarket PerformN/AView Rating Details
8/2/2016Deutsche Bank AGDowngradeBuy -> Hold$41.00 -> $38.00N/AView Rating Details
8/2/2016JPMorgan Chase & Co.DowngradeOverweight -> Neutral$37.50N/AView Rating Details
7/29/2016Credit Suisse Group AGReiterated RatingSell$36.00N/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 5/27/2015 forward)


Earnings History for Meritage Homes Corp (NYSE:MTH)
Earnings by Quarter for Meritage Homes Corp (NYSE:MTH)
Earnings History by Quarter for Meritage Homes Corp (NYSE:MTH)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for Meritage Homes Corp (NYSE:MTH)
2017 EPS Consensus Estimate: $3.18
2018 EPS Consensus Estimate: $4.21
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20172$0.73$0.89$0.81
Q3 20171$0.99$0.99$0.99
Q4 20172$1.34$1.42$1.38
Q1 20181$0.63$0.63$0.63
Q2 20181$0.96$0.96$0.96
Q3 20181$1.17$1.17$1.17
Q4 20181$1.45$1.45$1.45
(Data provided by Zacks Investment Research)


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

Insider Trades

Insider Trading and Institutional Ownership History for Meritage Homes Corp (NYSE:MTH)
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 99.80%
Insider Trades by Quarter for Meritage Homes Corp (NYSE:MTH)
Institutional Ownership by Quarter for Meritage Homes Corp (NYSE:MTH)
Insider Trades by Quarter for Meritage Homes Corp (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)


Headline Trends for Meritage Homes Corp (NYSE:MTH)
Latest Headlines for Meritage Homes Corp (NYSE:MTH)
DateHeadline logoMeritage Homes Donates Brand New Mortgage-Free Home to Operation Homefront - May 26 at 4:26 AM logoMeritage Homes Corporation -- Moody's rates Meritage's proposed unsecured notes Ba2 - May 23 at 6:11 PM logoMeritage Homes Corporation (MTH) Presents At J.P. Morgan Homebuilding and Building Products Conference - Slideshow - May 22 at 6:00 PM logoMeritage Homes Announces Pricing of 5.125% Senior Unsecured Notes Due 2027 - May 22 at 3:29 PM logoMeritage Homes Announces Offering of $300 Million of Senior Unsecured Notes Due 2027 - May 22 at 10:01 AM logoC Timothy White Sells 7,500 Shares of Meritage Homes Corp (MTH) Stock - May 16 at 7:33 PM logoMeritage Homes Corp (MTH) Receives Consensus Recommendation of "Hold" from Brokerages - May 15 at 10:36 AM logoETFs with exposure to Meritage Homes Corp. : May 12, 2017 - May 12 at 7:18 PM logoC Timothy White Sells 7,032 Shares of Meritage Homes Corp (MTH) Stock - May 11 at 8:04 PM logoMeritage Homes Corp. :MTH-US: Earnings Analysis: Q1, 2017 By the Numbers : May 11, 2017 - May 11 at 7:11 PM logoMeritage Homes Corp (MTH) Expected to Announce Quarterly Sales of $763.81 Million - May 10 at 10:28 AM logo Brokerages Expect Meritage Homes Corp (MTH) Will Post Earnings of $0.76 Per Share - May 8 at 4:14 PM logoSomewhat Positive News Coverage Somewhat Unlikely to Affect Meritage Homes Corp (MTH) Share Price - May 4 at 7:01 PM logoResearch Analysts Offer Predictions for Meritage Homes Corp's Q2 2017 Earnings (MTH) - May 4 at 11:58 AM logoMeritage Homes to Develop New Spring Brook Village Community in Houston - May 3 at 10:44 PM logoEarnings season: Taylor Morrison vs. Meritage Homes - May 3 at 5:43 PM logoMeritage Homes Presentation at J.P. Morgan - May 3 at 5:43 PM logoMeritage Homes Corp (MTH) Issues Quarterly Earnings Results - May 1 at 9:54 PM logoMeritage Homes Corp Builds Better Results on Strong Orders, New Communities - May 1 at 6:25 PM logoMeritage Homes Corp (MTH) Earns Daily Media Sentiment Rating of -0.04 - May 1 at 6:00 PM logoHomebuilder closes on Spring Branch golf course for new community - May 1 at 12:26 PM logoEdited Transcript of MTH earnings conference call or presentation 27-Apr-17 2:00pm GMT - April 28 at 9:02 AM logoMeritage Homes Corp (MTH) Earns Daily Media Impact Score of 0.11 - April 27 at 11:48 PM logoMeritage Homes Corp. Q1 Income Climbs 12% - April 27 at 7:12 PM logoMeritage Homes Corp's (MTH) "Hold" Rating Reiterated at Keefe, Bruyette & Woods - April 27 at 5:32 PM logoMeritage Homes reports first quarter 2017 diluted EPS of $0.56, increased community count and solid order growth - April 27 at 9:45 AM logo5 Housing Stocks to Buy as New Home Sales Rise - April 27 at 9:45 AM logoMeritage tops Street 1Q forecasts - April 27 at 9:12 AM logoThe Zacks Analyst Blog Highlights: Louisiana-Pacific, Boise Cascade, M.D.C. Holdings, Meritage Homes and Armstrong World Industries - April 25 at 11:26 AM logoSomewhat Positive Media Coverage Very Likely to Affect Meritage Homes Corp (MTH) Stock Price - April 24 at 9:32 PM logoMeritage Homes Corp (MTH) Receives News Sentiment Score of 0.05 - April 21 at 7:02 PM logoCan PulteGroup (PHM) Pull Off a Surprise in Q1 Earnings? - April 21 at 6:32 PM logoWill Masco (MAS) Deliver a Surprise this Earnings Season? - April 21 at 9:46 AM logoCan D.R. Horton (DHI) Spring a Surprise in Q2 Earnings? - April 19 at 10:27 AM logoMeritage Homes Corp (MTH) Receives Average Rating of "Hold" from Brokerages - April 18 at 10:06 AM logo Brokerages Expect Meritage Homes Corp (MTH) to Announce $0.42 EPS - April 17 at 6:17 PM logoIs United Rental (URI) Set to Beat Earnings Estimates in Q1? - April 17 at 10:05 AM logoMeritage Homes Corp (MTH) Upgraded at Zacks Investment Research - April 17 at 7:38 AM logoMeritage Homes Corp (MTH) Upgraded by Zacks Investment Research to "Buy" - April 15 at 9:51 AM logoMeritage Homes Corp (MTH) Earns Daily Media Sentiment Score of 0.37 - April 14 at 1:32 PM logoMeritage Homes Appoints Phil Bodem to Southern California Division President - GlobeNewswire (press release) - April 8 at 6:01 PM logoMeritage Homes Corp (MTH) Upgraded by Zacks Investment Research to "Hold" - April 8 at 11:51 AM logoMeritage Homes Appoints Phil Bodem to Southern California Division President - April 7 at 11:19 AM logoEPA Recognizes Meritage Homes With Fifth Consecutive ENERGY STAR® Partner of the Year—Sustained Excellence Award for Its Leadership in Energy-Efficient Homebuilding - April 7 at 11:19 AM logoMeritage Homes Appoints Christopher Ryan to Florida Division President - April 6 at 8:31 AM logoMeritage Homes First Quarter 2017 Earnings Release and Webcast Conference Call Scheduled for April 27, 2017 - April 4 at 7:46 AM logoJMP Securities Upgrades Meritage Homes Corp (MTH) to "Outperform" - April 4 at 12:06 AM logoMeritage upgraded by JMP Securities - April 3 at 5:57 PM logoMeritage Homes Corp (MTH) Upgraded to B- at TheStreet - April 2 at 10:55 PM logoMeritage Homes CEO: Too much regulation drives up housing... - March 16 at 7:27 PM



Meritage Homes Corp (MTH) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff