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

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

Meritage Homes Corp (NYSE:MTH) issued its quarterly earnings results on Wednesday, July, 24th. The construction company reported $1.31 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.28. The construction company had revenue of $864.60 million for the quarter, compared to the consensus estimate of $808.02 million. Meritage Homes had a return on equity of 11.81% and a net margin of 5.94%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS. View Meritage Homes' Earnings History.

Meritage Homes is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Meritage Homes.

Meritage Homes updated its FY19 earnings guidance on Wednesday, July, 24th. The company provided EPS guidance of $5.20-5.50 for the period, compared to the Thomson Reuters consensus estimate of $4.75. The company issued revenue guidance of $3.4-3.6 billion, compared to the consensus revenue estimate of $3.38 billion.

10 brokers have issued 12-month price targets for Meritage Homes' shares. Their forecasts range from $36.00 to $63.00. On average, they anticipate Meritage Homes' share price to reach $45.01 in the next year. This suggests that the stock has a possible downside of 29.6%. View Analyst Price Targets for Meritage Homes.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

Press coverage about MTH stock has trended positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing 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 nearest to five being the most favorable. Meritage Homes earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned press coverage about the construction company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the immediate future. View News Stories for Meritage Homes.

Meritage Homes saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 861,200 shares, a drop of 11.4% from the June 30th total of 972,400 shares. Based on an average trading volume of 426,500 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.4% of the shares of the company are short sold. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include PulteGroup (PHM), Toll Brothers (TOL), KB Home (KBH), Taylor Morrison Home (TMHC), M.D.C. (MDC), TRI Pointe Group (TPH), LGI Homes (LGIH), M/I Homes (MHO), Century Communities (CCS), William Lyon Homes (WLH), Green Brick Partners (GRBK), Beazer Homes USA (BZH), New Home (NWHM), Hovnanian Enterprises (HOV) and Comstock Holding Companies (CHCI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritage Homes investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Energy Transfer LP Unit (ET), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Chipotle Mexican Grill (CMG), Och-Ziff Capital Management Group (OZM), Transocean (RIG) and Tesla (TSLA).

Meritage Homes' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.72%), BlackRock Inc. (15.72%), Vanguard Group Inc. (9.89%), Earnest Partners LLC (5.47%), Fisher Asset Management LLC (3.96%) and Northern Trust Corp (2.38%). 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, Raymond Oppel, Robert Gary Sarver and Steven J Hilton. View Institutional Ownership Trends for Meritage Homes.

MTH stock was sold by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, South Dakota Investment Council, Great Lakes Advisors LLC, BlackRock Inc., BlackRock Inc., D. E. Shaw & Co. Inc., Bank of America Corp DE and Gabelli Funds LLC. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Phillippe Lord, Raymond Oppel and Steven J Hilton. View Insider Buying and Selling for Meritage Homes.

MTH stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, JPMorgan Chase & Co., UBS Group AG, Dalton Greiner Hartman Maher & Co., Maverick Capital Ltd., Victory Capital Management Inc., Northern Trust Corp and Emerald Advisers LLC. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of MTH stock can currently be purchased for approximately $63.97.

Meritage Homes has a market capitalization of $2.45 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.

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]