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 earnings results on Tuesday, October, 22nd. The construction company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.30. The construction company had revenue of $940.90 million for the quarter, compared to analyst estimates of $930.41 million. Meritage Homes had a return on equity of 12.42% and a net margin of 6.29%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. View Meritage Homes' Earnings History.

Meritage Homes is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Meritage Homes.

Meritage Homes will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

10 brokers have issued 1 year target prices for Meritage Homes' stock. Their forecasts range from $39.00 to $82.00. On average, they anticipate Meritage Homes' stock price to reach $62.29 in the next twelve months. This suggests that the stock has a possible downside of 8.0%. View Analyst Price Targets for Meritage Homes.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritage Homes in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

Headlines about MTH stock have been trending extremely negative on Sunday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meritage Homes earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Meritage Homes.

Meritage Homes saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,860,000 shares, an increase of 33.0% from the December 15th total of 2,150,000 shares. Based on an average daily volume of 516,700 shares, the days-to-cover ratio is currently 5.5 days. Currently, 7.7% of the shares of the company are sold short. 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), Endologix (ELGX), Ford Motor (F), Netflix (NFLX), Tesla (TSLA), Bank of America (BAC), Chipotle Mexican Grill (CMG) and D. R. Horton (DHI).

Meritage Homes' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (0.51%), Hennessy Advisors Inc. (0.41%), Assenagon Asset Management S.A. (0.41%), New York State Teachers Retirement System (0.25%), Campbell & CO Investment Adviser LLC (0.12%) and State of Alaska Department of Revenue (0.07%). 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 Bowling Portfolio Management LLC, Convergence Investment Partners LLC, State of Alaska Department of Revenue, James Investment Research Inc., MorganRosel Wealth Management LLC, Louisiana State Employees Retirement System, Radnor Capital Management LLC and New York State Teachers Retirement System. 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 Hennessy Advisors Inc., Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Janney Montgomery Scott LLC, First Hawaiian Bank, Strs Ohio, Sciencast Management LP and Wedge Capital Management L L P NC. 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 $67.67.

Meritage Homes has a market capitalization of $2.59 billion and generates $3.51 billion in revenue each year. The construction company earns $227.33 million in net income (profit) each year or $5.58 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]