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NYSE:MTHMeritage Homes Stock Price, Forecast & News

$32.03
+1.18 (+3.82 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$30.25
Now: $32.03
$32.63
50-Day Range
$27.29
MA: $54.11
$72.89
52-Week Range
$25.24
Now: $32.03
$76.83
Volume906,391 shs
Average Volume668,350 shs
Market Capitalization$1.20 billion
P/E Ratio5.00
Dividend YieldN/A
Beta1.31
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.67 billion
Cash Flow$7.30 per share
Book Value$51.54 per share

Profitability

Net Income$249.66 million

Miscellaneous

Employees1,510
Market Cap$1.20 billion
Next Earnings Date4/28/2020 (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 shares have decreased by 40.7% and is now trading at $32.03. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meritage Homes?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 Tuesday, April 28th 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 Tuesday, 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.

How were Meritage Homes' earnings last quarter?

Meritage Homes Corp (NYSE:MTH) announced its quarterly earnings data on Wednesday, January, 29th. The construction company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.73. The construction company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Meritage Homes had a return on equity of 13.52% and a net margin of 6.83%. The company's revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.91 EPS. View Meritage Homes' earnings history.

What price target have analysts set for MTH?

7 analysts have issued 12 month price targets for Meritage Homes' stock. Their forecasts range from $38.00 to $82.00. On average, they anticipate Meritage Homes' share price to reach $66.83 in the next year. This suggests a possible upside of 108.7% from the stock's current price. View analysts' price targets for Meritage Homes.

Has Meritage Homes been receiving favorable news coverage?

Media headlines about MTH stock have trended very negative on Saturday, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Meritage Homes earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMeritage Homes.

Are investors shorting Meritage Homes?

Meritage Homes saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,186,800 shares, a decrease of 21.3% from the February 27th total of 2,780,000 shares. Based on an average daily trading volume, of 566,400 shares, the days-to-cover ratio is currently 3.9 days. Approximately 6.1% of the company's shares are sold short. 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 CA (CA), BlackRock (BLK), Energy Transfer LP Unit (ET), Netflix (NFLX), Bank of America (BAC), Endologix (ELGX), Ford Motor (F), Micron Technology (MU), Tesla (TSLA) and Chipotle Mexican Grill (CMG).

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 $32.03.

How big of a company is Meritage Homes?

Meritage Homes has a market capitalization of $1.20 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. View additional information about Meritage Homes.

What is Meritage Homes' official website?

The official website for Meritage Homes is http://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 4/4/2020 by MarketBeat.com Staff

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