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NYSE:MTH

Meritage Homes - MTH Stock Forecast, Price & News

$87.05
+0.64 (+0.74%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$86.50
$89.73
50-Day Range
$66.27
$87.05
52-Week Range
$62.51
$125.01
Volume
218,356 shs
Average Volume
388,012 shs
Market Capitalization
$3.18 billion
P/E Ratio
3.36
Dividend Yield
N/A
Price Target
$94.00

Meritage Homes MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
8.0% Upside
$94.00 Price Target
Short Interest
Healthy
3.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Meritage Homes in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-51.83%
From $26.57 to $12.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Construction Sector

83rd out of 107 stocks

Operative Builders Industry

10th out of 16 stocks

MTH stock logo

About Meritage Homes (NYSE:MTH) Stock

Meritage Homes Corporation, together with its subsidiaries, 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 title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

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MTH Stock News Headlines

Why Is Meritage (MTH) Up 15.6% Since Last Earnings Report?
Meritage Homes: Look At Its Performance Over The Cycle
Meritage Homes (MTH) Q3 2022 Earnings Call Transcript
Meritage Homes Corp. Profit Rises In Q3, Beats estimates
Meritage Homes proposes 900-home development near Durham
MTH Meritage Homes Corporation
Should Value Investors Pick Meritage Homes (MTH) Stock?
Angier accelerates growth with more new homes approved
What 4 Analyst Ratings Have To Say About Meritage Homes
Mortgage Applications Drop as Rates Hit 6%: Housing in Fear?
Meritage Homes Corp MTH Stock Quote
See More Headlines
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MTH Company Calendar

Last Earnings
10/27/2021
Today
12/01/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

Industry, Sector and Symbol

Industry
Operative builders
Sub-Industry
Homebuilding
CUSIP
59001A10
Employees
1,773
Year Founded
2015

Price Target and Rating

Average Stock Price Forecast
$94.00
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+8.0%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$737.44 million
Pretax Margin
21.71%

Debt

Sales & Book Value

Annual Sales
$5.14 billion
Cash Flow
$21.03 per share
Book Value
$100.68 per share

Miscellaneous

Free Float
35,913,000
Market Cap
$3.18 billion
Optionable
Optionable
Beta
1.57

Key Executives

  • Mr. Steven J. HiltonMr. Steven J. Hilton (Age 61)
    Exec. Chairman
    Comp: $2.03M
  • Mr. Phillippe LordMr. Phillippe Lord (Age 48)
    Exec. VP, CEO & Director
    Comp: $4.96M
  • Ms. Hilla SferruzzaMs. Hilla Sferruzza (Age 46)
    CFO & Exec. VP
    Comp: $2.33M
  • Mr. Clinton SzubinskiMr. Clinton Szubinski (Age 45)
    Exec. VP & COO
    Comp: $3.03M
  • Mr. Javier FelicianoMr. Javier Feliciano (Age 48)
    Chief People Officer & Exec. VP
    Comp: $1.03M
  • Ms. Alison L. SasserMs. Alison L. Sasser (Age 46)
    VP, Corp. Controller & Chief Accounting Officer
  • Emily Tadano
    VP of Investor Relations
  • Ms. Malissia R. Clinton (Age 53)
    Exec. VP, Gen. Counsel & Sec.
  • Mr. Christopher Ryan
    Pres of Florida Division
  • Mr. Richard Harvey
    Pres of Texas Region Operations













MTH Stock - Frequently Asked Questions

Should I buy or sell Meritage Homes stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTH, but not buy additional shares or sell existing shares.
View MTH analyst ratings
or view top-rated stocks.

What is Meritage Homes' stock price forecast for 2023?

9 Wall Street analysts have issued 1 year price targets for Meritage Homes' shares. Their MTH share price forecasts range from $65.00 to $120.00. On average, they expect the company's stock price to reach $94.00 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
View analysts price targets for MTH
or view top-rated stocks among Wall Street analysts.

How have MTH shares performed in 2022?

Meritage Homes' stock was trading at $122.06 at the beginning of the year. Since then, MTH stock has decreased by 28.7% and is now trading at $87.05.
View the best growth stocks for 2022 here
.

When is Meritage Homes' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our MTH earnings forecast
.

How were Meritage Homes' earnings last quarter?

Meritage Homes Co. (NYSE:MTH) issued its quarterly earnings results on Wednesday, October, 27th. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.80. The construction company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Meritage Homes had a net margin of 16.68% and a trailing twelve-month return on equity of 29.08%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share.

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

Meritage Homes updated its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $6.50-$7.40 for the period, compared to the consensus estimate of $6.92. The company issued revenue guidance of -.

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 D.R. Horton (DHI), Verizon Communications (VZ), NVIDIA (NVDA), Pfizer (PFE), Home Depot (HD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), Salesforce (CRM), Walt Disney (DIS) and AT&T (T).

What is Meritage Homes' stock symbol?

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

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.62%), Vanguard Group Inc. (11.33%), Dimensional Fund Advisors LP (4.67%), State Street Corp (3.61%), Fisher Asset Management LLC (3.08%) and Macquarie Group Ltd. (2.37%). Insiders that own company stock include Alison Sasser, C Timothy White, Clinton Szubinski, Dana Bradford, Gerald W Haddock, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, Steven J Hilton and Steven J Hilton.
View institutional ownership trends
.

How do I buy shares of Meritage Homes?

Shares of MTH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meritage Homes' stock price today?

One share of MTH stock can currently be purchased for approximately $87.05.

How much money does Meritage Homes make?

Meritage Homes (NYSE:MTH) has a market capitalization of $3.18 billion and generates $5.14 billion in revenue each year. The construction company earns $737.44 million in net income (profit) each year or $25.91 on an earnings per share basis.

How many employees does Meritage Homes have?

The company employs 1,773 workers across the globe.

How can I contact Meritage Homes?

Meritage Homes' mailing address is 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260. The official website for the company is www.meritagehomes.com. The construction company can be reached via phone at (480) 515-8100, via email at investors@meritagehomes.com, or via fax at 480-998-9162.

This page (NYSE:MTH) was last updated on 12/1/2022 by MarketBeat.com Staff