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NYSE:MTH - Meritage Homes Stock Price, Forecast & News

$72.53
+0.84 (+1.17 %)
(As of 02/21/2020 08:33 AM ET)
Today's Range
$70.70
Now: $72.53
$72.69
50-Day Range
$61.49
MA: $68.41
$73.36
52-Week Range
$40.99
Now: $72.53
$76.83
Volume315,677 shs
Average Volume586,539 shs
Market Capitalization$2.77 billion
P/E Ratio11.33
Dividend YieldN/A
Beta0.89
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. Read More…

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$7.33 per share
Book Value$51.78 per share

Profitability

Net Income$249.66 million

Miscellaneous

Employees1,615
Market Cap$2.77 billion
Next Earnings Date4/28/2020 (Estimated)
OptionableOptionable

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Meritage Homes (NYSE:MTH) Frequently Asked Questions

What is Meritage Homes' stock symbol?

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

How were Meritage Homes' earnings last quarter?

Meritage Homes Corp (NYSE:MTH) announced its quarterly earnings results on Wednesday, January, 29th. The construction company reported $2.65 EPS for the quarter, topping the Thomson Reuters' consensus estimate 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 net margin of 6.83% and a return on equity of 13.52%. Meritage Homes's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 EPS. View Meritage Homes' Earnings History.

When is Meritage Homes' next earnings date?

Meritage Homes is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Meritage Homes.

What price target have analysts set for MTH?

8 equities research analysts have issued 12-month target prices for Meritage Homes' stock. Their forecasts range from $39.00 to $82.00. On average, they expect Meritage Homes' stock price to reach $67.07 in the next year. This suggests that the stock has a possible downside of 7.5%. View Analyst Price Targets for Meritage Homes.

What is the consensus analysts' recommendation for 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, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Meritage Homes.

Has Meritage Homes been receiving favorable news coverage?

News headlines about MTH stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Meritage Homes earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Meritage Homes.

Are investors shorting Meritage Homes?

Meritage Homes saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,620,000 shares, a drop of 8.4% from the January 15th total of 2,860,000 shares. Based on an average trading volume of 509,400 shares, the days-to-cover ratio is presently 5.1 days. Currently, 7.1% of the company's shares 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 CA (CA), BlackRock (BLK), Energy Transfer LP Unit (ET), Netflix (NFLX), Endologix (ELGX), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Chipotle Mexican Grill (CMG) and D. R. Horton (DHI).

Who are Meritage Homes' key executives?

Meritage Homes' management team includes the folowing 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)

Who are Meritage Homes' major shareholders?

Meritage Homes' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Earnest Partners LLC (3.66%), State Street Corp (3.02%), Goldman Sachs Group Inc. (2.57%), Prudential Financial Inc. (2.26%), Man Group plc (1.68%) and LSV Asset Management (1.64%). 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.

Which major investors are selling Meritage Homes stock?

MTH stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Bank of New York Mellon Corp, South Dakota Investment Council, Alliancebernstein L.P., Mackay Shields LLC and Gabelli Funds LLC. 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.

Which major investors are buying Meritage Homes stock?

MTH stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Man Group plc, Hennessy Advisors Inc., Assenagon Asset Management S.A., Cubist Systematic Strategies LLC and Panagora Asset Management Inc.. View Insider Buying and Selling for Meritage Homes.

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 $72.53.

How big of a company is Meritage Homes?

Meritage Homes has a market capitalization of $2.77 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 1,615 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]


MarketBeat Community Rating for Meritage Homes (NYSE MTH)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  369 (Vote Outperform)
Underperform Votes:  555 (Vote Underperform)
Total Votes:  924
MarketBeat's community ratings are surveys of what our community members think about Meritage Homes and other stocks. Vote "Outperform" if you believe MTH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2020 by MarketBeat.com Staff

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