NYSE:MTH - Meritage Homes Stock Price, Forecast & News

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MTH stock has decreased by 32.4% and is now trading at $36.51. View which stocks have been mosted impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Meritage Homes.

Meritage Homes is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Meritage Homes.

Meritage Homes will be holding an earnings conference call on Tuesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Meritage Homes Corp (NYSE:MTH) released its quarterly earnings results on Wednesday, January, 29th. The construction company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.73. The construction company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Meritage Homes had a net margin of 6.83% and a return on equity of 13.52%. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. View Meritage Homes' earnings history.

7 Wall Street analysts have issued 12-month price targets for Meritage Homes' shares. Their forecasts range from $38.00 to $82.00. On average, they anticipate Meritage Homes' share price to reach $66.83 in the next twelve months. This suggests a possible upside of 83.1% from the stock's current price. View analysts' price targets for Meritage Homes.

News stories about MTH stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Meritage Homes earned a news impact score of 3.0 on InfoTrie's scale. They also gave news articles about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutMeritage Homes.

Meritage Homes saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,186,800 shares, a decrease of 21.3% from the February 27th total of 2,780,000 shares. Based on an average daily volume of 566,400 shares, the days-to-cover ratio is presently 3.9 days. Currently, 6.1% of the company's stock are sold short. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include D. R. Horton (DHI), Lennar (LEN), NVR (NVR), PulteGroup (PHM), Toll Brothers (TOL), KB Home (KBH), M.D.C. (MDC), Cavco Industries (CVCO), TRI Pointe Group (TPH), M/I Homes (MHO), Beazer Homes USA (BZH) and Hovnanian Enterprises (HOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include CA (CA), BlackRock (BLK), Energy Transfer LP Unit (ET), Netflix (NFLX), Bank of America (BAC), Endologix (ELGX), Ford Motor (F), Micron Technology (MU), Tesla (TSLA) and D. R. Horton (DHI).

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

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.

One share of MTH stock can currently be purchased for approximately $36.51.

Meritage Homes has a market capitalization of $1.39 billion and generates $3.67 billion in revenue each year. The construction company earns $249.66 million in net income (profit) each year or $6.42 on an earnings per share basis. Meritage Homes employs 1,510 workers across the globe. View additional information about Meritage Homes.

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

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]