Meritage Homes Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 6 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Meritage Homes stock.
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Meritage Homes saw a increase in short interest during the month of February. As of February 26th, there was short interest totaling 1,580,000 shares, an increase of 42.3% from the February 11th total of 1,110,000 shares. Based on an average daily trading volume, of 543,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 4.3% of the company's stock are sold short.
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Meritage Homes is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Meritage Homes.

Meritage Homes will be holding an earnings conference call on Wednesday, April 28th 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 Co. (NYSE:MTH) released its earnings results on Tuesday, January, 26th. The construction company reported $3.97 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.36 by $0.61. The construction company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.31 billion. Meritage Homes had a trailing twelve-month return on equity of 18.16% and a net margin of 8.88%. The company's quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.65 EPS.
View Meritage Homes' earnings history.

Meritage Homes' stock was trading at $54.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTH shares have increased by 77.1% and is now trading at $95.63.
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Meritage Homes issued an update on its FY 2021 After-Hours earnings guidance on Wednesday, January, 27th. The company provided earnings per share (EPS) guidance of 10.50-11.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.81.

11 equities research analysts have issued 1-year price targets for Meritage Homes' shares. Their forecasts range from $65.00 to $135.00. On average, they expect Meritage Homes' stock price to reach $103.13 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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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 Homes (TPH), Cavco Industries (CVCO), M/I Homes (MHO), Hovnanian Enterprises (HOV) and Beazer Homes USA (BZH).
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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), The Home Depot (HD), QUALCOMM (QCOM), Johnson & Johnson (JNJ), salesforce.com (CRM), The 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 a variety of retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.14%), State of Alaska Department of Revenue (0.07%), Everence Capital Management Inc. (0.02%) and Carroll Financial Associates Inc. (0.00%). Company insiders that own Meritage Homes stock include C Timothy White, Clinton Szubinski, 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 State of Alaska Department of Revenue. Company insiders that have sold Meritage Homes company stock in the last year include C Timothy White, Clinton Szubinski, Dana Bradford, Gerald W Haddock, Hilla Sferruzza, Javier Feliciano, Peter L Ax, Phillippe Lord, R Odell Michael, Raymond Oppel, and Steven J Hilton.
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MTH stock was bought by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Everence Capital Management Inc., and Carroll Financial Associates Inc..
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Shares of MTH 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 $95.63.

Meritage Homes has a market capitalization of $3.62 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 1,570 workers across the globe.

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

Meritage Homes is headquartered at 8800 EAST RAINTREE DRIVE SUITE 300, SCOTTSDALE AZ, 85260.

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]