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

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

Meritage Homes Corp (NYSE:MTH) posted its earnings results on Tuesday, October, 22nd. The construction company reported $1.79 earnings per share for the quarter, topping 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 for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. View Meritage Homes' Earnings History.

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

Meritage Homes will be holding an earnings conference call on Wednesday, January 29th 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 updated 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.

10 equities research analysts have issued 1 year target prices for Meritage Homes' shares. Their forecasts range from $39.00 to $82.00. On average, they anticipate Meritage Homes' share price to reach $62.29 in the next twelve months. This suggests that the stock has a possible downside of 5.5%. 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, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

News articles about MTH stock have been trending negative on Saturday, according to InfoTrie. The research firm scores the sentiment of 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 closest to five being the most favorable. Meritage Homes earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news stories 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 immediate future. View News Stories for Meritage Homes.

Meritage Homes saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,860,000 shares, an increase of 33.0% from the December 15th total of 2,150,000 shares. Based on an average daily volume of 516,700 shares, the days-to-cover ratio is presently 5.5 days. Currently, 7.7% of the company's stock are sold short. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include Lennar (LEN), D. R. Horton (DHI), NVR (NVR), PulteGroup (PHM), Toll Brothers (TOL), KB Home (KBH), M.D.C. (MDC), TRI Pointe Group (TPH), Cavco Industries (CVCO), 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), Endologix (ELGX), Energy Transfer LP Unit (ET), Ford Motor (F), Tesla (TSLA), Bank of America (BAC), Chipotle Mexican Grill (CMG), D. R. Horton (DHI) and Micron Technology (MU).

Meritage Homes' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.51%), Hennessy Advisors Inc. (0.41%), Assenagon Asset Management S.A. (0.41%), State of Alaska Department of Revenue (0.07%), Bowling Portfolio Management LLC (0.05%) and Louisiana State Employees Retirement System (0.03%). 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 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 Bowling Portfolio Management LLC, State of Alaska Department of Revenue, MorganRosel Wealth Management LLC, Louisiana State Employees Retirement System, Radnor Capital Management LLC and Dalton Greiner Hartman Maher & Co.. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Phillippe Lord, R Odell Michael, Raymond Oppel and Steven J Hilton. View Insider Buying and Selling for Meritage Homes.

MTH stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Assenagon Asset Management S.A., First Hawaiian Bank, Sciencast Management LP and Wedge Capital Management L L P NC. 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, Robinhood, Fidelity and Charles Schwab.

One share of MTH stock can currently be purchased for approximately $65.94.

Meritage Homes has a market capitalization of $2.53 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]