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) announced its quarterly earnings results on Wednesday, January, 29th. The construction company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.73. The construction company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. Meritage Homes had a net margin of 6.83% and a return on equity of 13.52%. Meritage Homes's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. View Meritage Homes' Earnings History.

Meritage Homes is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Meritage Homes.

8 Wall Street analysts have issued 12-month 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 $67.07 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. View Analyst Price Targets for Meritage Homes.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

Media coverage about MTH stock has trended negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meritage Homes earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave news articles about the construction company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the near future. View News Stories for Meritage Homes.

Meritage Homes saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,620,000 shares, a decrease of 8.4% from the January 15th total of 2,860,000 shares. Based on an average daily trading volume, of 509,400 shares, the short-interest ratio is presently 5.1 days. Approximately 7.1% of the shares of the company are short sold. View Meritage Homes' Current Options Chain.

Some companies that are related to Meritage Homes include D. R. Horton (DHI), Lennar (LEN), 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), Energy Transfer LP Unit (ET), Netflix (NFLX), Endologix (ELGX), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Chipotle Mexican Grill (CMG) and D. R. Horton (DHI).

Meritage Homes' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Earnest Partners LLC (3.66%), State Street Corp (3.02%), Goldman Sachs Group Inc. (2.57%), Prudential Financial Inc. (2.26%), Man Group plc (1.68%) and LSV Asset Management (1.64%). 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 Goldman Sachs Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, South Dakota Investment Council, Alliancebernstein L.P., Mackay Shields LLC and Gabelli Funds LLC. 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 Prudential Financial Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Man Group plc, Hennessy Advisors Inc., Assenagon Asset Management S.A., Cubist Systematic Strategies LLC and Panagora Asset Management Inc.. 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 $72.61.

Meritage Homes has a market capitalization of $2.77 billion and generates $3.67 billion in revenue each year. The construction company earns $249.66 million in net income (profit) each year or $6.42 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]