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 various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name. The company also provides warranty and customer services; and insurance and closing/settlement services for its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Operative builders
Sub-IndustryHomebuilding
SectorConstruction
SymbolNYSE:MTH
CUSIP59001A10
Phone480-515-8100
Debt
Debt-to-Equity Ratio0.78
Current Ratio0.81
Quick Ratio0.81
Price-To-Earnings
Trailing P/E Ratio6.99
Forward P/E Ratio5.86
P/E Growth0.4
Sales & Book Value
Annual Sales$3.23 billion
Price / Sales0.42
Cash Flow$4.4563 per share
Price / Cash7.43
Book Value$39.10 per share
Price / Book0.85
Profitability
EPS (Most Recent Fiscal Year)$3.88
Net Income$143.25 million
Net Margins5.21%
Return on Equity12.17%
Return on Assets5.91%
Miscellaneous
Employees1,605
Outstanding Shares40,650,000
Market Cap$1.35 billion
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) posted its quarterly earnings data on Wednesday, July, 25th. The construction company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.21. The construction company had revenue of $877.50 million for the quarter, compared to analysts' expectations of $825.47 million. Meritage Homes had a net margin of 5.21% and a return on equity of 12.17%. Meritage Homes's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. View Meritage Homes' Earnings History.
When is Meritage Homes' next earnings date?
How can I listen to Meritage Homes' earnings call?
Meritage Homes will be holding an earnings conference call on Thursday, October 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8662264948.
What price target have analysts set for MTH?
11 brokers have issued 1 year target prices for Meritage Homes' shares. Their predictions range from $36.00 to $57.00. On average, they anticipate Meritage Homes' share price to reach $49.5556 in the next twelve months. This suggests a possible upside of 49.7% from the stock's current price. View Analyst Price Targets for Meritage Homes.
What is the consensus analysts' recommendation for Meritage Homes?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.
Who are some of Meritage Homes' key competitors?
Some companies that are related to Meritage Homes include Toll Brothers (TOL), KB Home (KBH), Taylor Morrison Home (TMHC), TRI Pointe Group (TPH), M.D.C. (MDC), LGI Homes (LGIH), Century Communities (CCS), M/I Homes (MHO), William Lyon Homes (WLH), Green Brick Partners (GRBK), AV Homes (AVHI), Beazer Homes USA (BZH), Hovnanian Enterprises, Inc. Class A (HOV), New Home (NWHM) and Comstock Holding Companies (CHCI).
Who are Meritage Homes' key executives?
Meritage Homes' management team includes the folowing people:
- Mr. Steven J. Hilton, Chairman & CEO (Age 57)
- Ms. Hilla Sferruzza, CFO & Exec. VP (Age 42)
- Mr. Phillippe Lord, COO & Exec. VP (Age 44)
- Mr. C. Timothy White, Gen. Counsel, Exec. VP & Sec. (Age 57)
- Mr. Javier Feliciano, Chief HR Officer & Exec. VP (Age 44)
Who are Meritage Homes' major shareholders?
Meritage Homes' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Greenhaven Associates Inc. (0.18%) and Alpha Windward LLC (0.03%). Company insiders that own Meritage Homes stock include C Timothy White, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord and Robert Gary Sarver. View Institutional Ownership Trends for Meritage Homes.
Which major investors are buying Meritage Homes stock?
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, Scottrade, Fidelity and Charles Schwab.
What is Meritage Homes' stock price today?
One share of MTH stock can currently be purchased for approximately $33.11.
How big of a company is Meritage Homes?
Meritage Homes has a market capitalization of $1.35 billion and generates $3.23 billion in revenue each year. The construction company earns $143.25 million in net income (profit) each year or $3.88 on an earnings per share basis. Meritage Homes employs 1,605 workers across the globe.
What is Meritage Homes' official website?
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)
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.
