Meritage Homes - MTH Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 4 hold ratings and 4 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 brokerages have issued 1-year price objectives for Meritage Homes' shares. Their MTH share price forecasts range from $65.00 to $157.00. On average, they anticipate the company's stock price to reach $109.14 in the next twelve months. This suggests a possible upside of 52.8% 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 41.5% and is now trading at $71.43.
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Meritage Homes saw a drop in short interest in August. As of August 31st, there was short interest totaling 1,160,000 shares, a drop of 20.5% from the August 15th total of 1,460,000 shares. Based on an average daily volume of 354,200 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Meritage Homes will be holding an earnings conference call on Thursday, October 27th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Meritage Homes Co. (NYSE:MTH) announced its earnings results on Wednesday, July, 27th. The construction company reported $6.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.81 by $0.96. The construction company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Meritage Homes had a net margin of 16.53% and a trailing twelve-month return on equity of 29.09%. Meritage Homes's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $4.36 EPS.

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."

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 $71.43.

Meritage Homes (NYSE:MTH) has a market capitalization of $2.61 billion and generates $5.14 billion in revenue each year. The construction company earns $737.44 million in net income (profit) each year or $24.06 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.