Meritage stock analysis
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Meritage (MTH) Stock Price & Analysis
MTH Stock Chart & Stats
- Day’s Range
- $65.29 - $66.99
- 52-Week Range
- $56.66 - $85.38
- Previous Close
- $67.25
- Volume
- N/A
- Average Volume (3M)
- 1.08M
- Market Cap
- $4.33B
- Enterprise Value
- $5.33B
- Total Cash (Recent Filing)
- $677.50M
- Total Debt (Recent Filing)
- $1.85B
- Price to Earnings (P/E)
- 14.9
- Beta
- 0.49
- Next Earnings
- Feb 03, 2027 (Est.)
- EPS Estimate
- 0.93
- Last Dividend Ex-Date
- Sep 15, 2026
- Dividend Yield
- 2.81%
Bulls Say, Bears Say
Bulls Say
Strong Liquidity And Manageable Leverage
Strong liquidity and controlled leverage provide Meritage with resilience during a housing downturn. The company can fund land and construction needs, preserve its dividend, and respond to changing demand without relying heavily on additional borrowing or sacrificing strategic flexibility.
Robust Current Cash Generation
Current cash generation is a meaningful financial strength because operating cash flow and free cash flow are both substantial and closely aligned with net income. This supports internal funding of land investment, dividends, and operations, although results remain exposed to homebuilding working-capital cycles.
Land Pipeline And Community Expansion
A multi-year controlled lot position supports future community openings and reduces the need to secure land under potentially less favorable conditions. Combined with planned community-count growth, this gives Meritage a durable platform to deliver homes when demand improves.
Bears Say
Demand And Revenue Contraction
Lower orders and closings indicate that weaker buyer demand is affecting both future backlog and current revenue. If reduced absorption persists, Meritage may operate its communities less efficiently, constrain volume growth, and face ongoing pressure on earnings despite its broad land position.
Persistent Gross-margin Pressure
Elevated historical land costs create a prolonged margin headwind because those homes continue to flow through closings over multiple periods. This limits the pace of profitability recovery and can keep earnings below prior-cycle levels even if construction costs remain controlled.
Affordability And Incentive Burden
Higher mortgage rates reduce buyer purchasing power and make customers more hesitant to commit to new homes. Meritage is also using more incentives to support sales, which can lower realized prices and gross margins, creating a durable challenge until affordability conditions improve.
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Meritage Stock Smart Score
Company Description
Meritage
Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade. Furthermore, the company provides its homebuyers with crucial services such as title insurance and support for closing and settlement processes. Meritage Homes constructs and sells properties under its own brand name across a wide geographic footprint, including Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company was established in 1985 and has its corporate headquarters situated in Scottsdale, Arizona.
- Sector
- Consumercyclical
- Industry
- Residential Construction
- CEO
- Phillippe Lord
- Employees
- 1,860
- Website
- www.meritagehomes.com
- Address
- 18655 North Claret Drive, Scottsdale, AZ, 85255, US
Meritage (MTH) Earnings & Revenues
MTH Company Deck
MTH Earnings Call
Earnings Call SentimentNegative
The call reflected a cautious and pressured operating environment. Meritage reported substantial declines in orders, closings, revenue, margins, and earnings, alongside higher mortgage rates, elevated incentives, inventory impairments, and limited visibility that led management to withdraw near-term guidance. Offsetting factors included strong liquidity, low leverage, disciplined cost and inventory management, stable buyer credit quality, selected regional strength, and a flexible land and operating model. However, the magnitude of the year-over-year financial declines and the expectation of continued near-term market and margin pressure make the overall tone negative.
View all MTH earnings summariesMTH Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 6 | 10 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 4 | 0 | 8 |
