Meritage Homes - MTH Stock Forecast, Price & News

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

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 -.

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).

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

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

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.

The company employs 1,773 workers across the globe.

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.