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Meritage Homes Stock Price, Forecast & Analysis (NYSE:MTH)

$70.90
+0.90 (+1.29 %)
(As of 11/15/2019 02:41 AM ET)
Today's Range
$69.53
Now: $70.90
$71.23
50-Day Range
$67.08
MA: $71.66
$76.20
52-Week Range
$33.57
Now: $70.90
$76.83
Volume333,370 shs
Average Volume447,114 shs
Market Capitalization$2.72 billion
P/E Ratio12.71
Dividend YieldN/A
Beta1
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 first-time and first move-up buyers. The company also offers luxury homes; and title insurance and closing/settlement services to its homebuyers. Read More…

Industry, Sector and Symbol

Industry Operative builders
Sub-IndustryHomebuilding
SectorConstruction
CUSIP59001A10
Phone480-515-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.51 billion
Cash Flow$6.53 per share
Book Value$48.92 per share

Profitability

Net Income$227.33 million

Miscellaneous

Employees1,615
Market Cap$2.72 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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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 earnings results on Tuesday, October, 22nd. The construction company reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.49 by $0.30. The construction company earned $940.90 million during the quarter, compared to analyst estimates of $930.41 million. Meritage Homes had a net margin of 6.29% and a return on equity of 12.42%. Meritage Homes's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. View Meritage Homes' Earnings History.

When is Meritage Homes' next earnings date?

Meritage Homes is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Meritage Homes.

What guidance has Meritage Homes issued on next quarter's earnings?

Meritage Homes issued an update on its FY19 earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $5.50-5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.46. The company issued revenue guidance of $3.5 billion, compared to the consensus revenue estimate of $3.57 billion.

What price target have analysts set for MTH?

8 brokers have issued 1-year target prices for Meritage Homes' stock. Their forecasts range from $39.00 to $82.00. On average, they expect Meritage Homes' stock price to reach $60.80 in the next year. This suggests that the stock has a possible downside of 14.2%. View Analyst Price Targets for Meritage Homes.

What is the consensus analysts' recommendation for Meritage Homes?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 5 hold ratings and 3 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?

Media coverage about MTH stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meritage Homes earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Meritage Homes.

Are investors shorting Meritage Homes?

Meritage Homes saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,670,000 shares, an increase of 7.1% from the September 30th total of 1,560,000 shares. Based on an average daily trading volume, of 499,900 shares, the days-to-cover ratio is currently 3.3 days. Approximately 4.5% of the shares of the stock are short sold. View Meritage Homes' Current Options Chain.

Who are some of Meritage Homes' key competitors?

What other stocks do shareholders of Meritage Homes own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Bank of America (BAC), Energy Transfer LP Unit (ET), Aegean Marine Petroleum Network (ANW), Netflix (NFLX) and Tesla (TSLA).

Who are Meritage Homes' key executives?

Meritage Homes' management team includes the folowing people:
  • Mr. Steven J. Hilton, Chairman & CEO (Age 58)
  • Ms. Hilla Sferruzza, CFO & Exec. VP (Age 43)
  • Mr. Phillippe Lord, COO & Exec. VP (Age 45)
  • Mr. C. Timothy White, Gen. Counsel, Exec. VP & Sec. (Age 58)
  • Mr. Javier Feliciano, Chief HR Officer & Exec. VP (Age 45)

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (3.89%), Emerald Advisers LLC (1.07%), Dalton Greiner Hartman Maher & Co. (0.51%), Russell Investments Group Ltd. (0.37%), Rhumbline Advisers (0.31%) and New York State Teachers Retirement System (0.25%). 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, R Odell Michael, Raymond Oppel, Robert Gary Sarver and Steven J Hilton. View Institutional Ownership Trends for Meritage Homes.

Which institutional investors are selling Meritage Homes stock?

MTH stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Emerald Advisers LLC, SG Americas Securities LLC, Mackay Shields LLC, Gabelli Funds LLC, Oppenheimer Asset Management Inc., First Trust Advisors LP and Municipal Employees Retirement System of Michigan. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View Insider Buying and Selling for Meritage Homes.

Which institutional investors are buying Meritage Homes stock?

MTH stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Alberta Investment Management Corp, California Public Employees Retirement System, Chicago Equity Partners LLC, Sumitomo Mitsui Trust Holdings Inc., Price Capital Management Inc., Convergence Investment Partners LLC and First Quadrant L P CA. 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, Robinhood, Fidelity and Charles Schwab.

What is Meritage Homes' stock price today?

One share of MTH stock can currently be purchased for approximately $70.90.

How big of a company is Meritage Homes?

Meritage Homes has a market capitalization of $2.72 billion and generates $3.51 billion in revenue each year. The construction company earns $227.33 million in net income (profit) each year or $5.58 on an earnings per share basis. Meritage Homes employs 1,615 workers across the globe.View Additional Information About Meritage Homes.

What is Meritage Homes' official website?

The official website for Meritage Homes is http://www.meritagehomes.com/.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  349 (Vote Outperform)
Underperform Votes:  533 (Vote Underperform)
Total Votes:  882
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.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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