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NYSE:MTHMeritage Homes Stock Price, Forecast & News

$76.11
+2.63 (+3.58 %)
(As of 07/6/2020 01:51 PM ET)
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Compare
Today's Range
$74.15
Now: $76.11
$76.11
50-Day Range
$54.61
MA: $70.89
$77.21
52-Week Range
$25.24
Now: $76.11
$79.26
Volume81,542 shs
Average Volume421,745 shs
Market Capitalization$2.86 billion
P/E Ratio10.04
Dividend YieldN/A
Beta1.75
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 first-time and first move-up buyers. The company also offers luxury homes; and 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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Meritage Homes logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.13 out of 5 stars


Industry, Sector and Symbol

Industry Operative builders
Sub-IndustryHomebuilding
CUSIP59001A10
Phone480-515-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.67 billion
Cash Flow$7.51 per share
Book Value$51.54 per share

Profitability

Net Income$249.66 million

Miscellaneous

Employees1,510
Market Cap$2.86 billion
Next Earnings Date7/22/2020 (Confirmed)
OptionableOptionable

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Meritage Homes (NYSE:MTH) Frequently Asked Questions

How has Meritage Homes' stock been impacted by COVID-19 (Coronavirus)?

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MTH stock has increased by 40.0% and is now trading at $75.60. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meritage Homes.

When is Meritage Homes' next earnings date?

Meritage Homes is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Meritage Homes.

How can I listen to Meritage Homes' earnings call?

Meritage Homes will be holding an earnings conference call on Wednesday, July 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Meritage Homes' earnings last quarter?

Meritage Homes Corp (NYSE:MTH) posted its quarterly earnings data on Tuesday, April, 28th. The construction company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.57. The construction company earned $890.42 million during the quarter, compared to analyst estimates of $855.54 million. Meritage Homes had a net margin of 7.68% and a return on equity of 15.47%. Meritage Homes's revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. View Meritage Homes' earnings history.

What price target have analysts set for MTH?

8 brokerages have issued 1-year price objectives for Meritage Homes' shares. Their forecasts range from $55.00 to $88.00. On average, they anticipate Meritage Homes' share price to reach $71.25 in the next twelve months. This suggests that the stock has a possible downside of 5.8%. View analysts' price targets for Meritage Homes.

Has Meritage Homes been receiving favorable news coverage?

Media coverage about MTH stock has trended negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. 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 news impact score of -2.1 on InfoTrie's scale. They also assigned media coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Meritage Homes.

Are investors shorting Meritage Homes?

Meritage Homes saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,420,000 shares, an increase of 8.4% from the June 15th total of 1,310,000 shares. Based on an average daily volume of 521,600 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.9% of the company's stock are short sold. View Meritage Homes' Current Options Chain.

Who are some of Meritage Homes' key competitors?

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 BlackRock (BLK), CA (CA), Energy Transfer LP Unit (ET), Bank of America (BAC), Ford Motor (F), Pfizer (PFE), Tesla (TSLA), Chipotle Mexican Grill (CMG), Endologix (ELGX) and Netflix (NFLX).

Who are Meritage Homes' key executives?

Meritage Homes' management team includes the following people:
  • Mr. Steven J. Hilton, Chairman & CEO (Age 58)
  • Ms. Hilla Sferruzza, CFO & Exec. VP (Age 43)
  • Mr. Phillippe Lord, COO & Exec. VP (Age 45)
  • Mr. C. Timothy White, Gen. Counsel, Exec. VP & Sec. (Age 58)
  • Mr. Javier Feliciano, Chief HR Officer & Exec. VP (Age 45)

What is Meritage Homes' stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Meritage Homes' stock price today?

One share of MTH stock can currently be purchased for approximately $75.60.

How big of a company is Meritage Homes?

Meritage Homes has a market capitalization of $2.84 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 1,510 workers across the globe.

What is Meritage Homes' official website?

The official website for Meritage Homes is www.meritagehomes.com.

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]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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