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Meritage Homes Corp (MTH)
:MTH
Holding MTH?
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MTH Stock Chart & Stats
Day’s Range― - ―
52-Week Range$73.05 - $106.99
Previous CloseN/A
Volume216.10K
Average Volume (3M)996.65K
Market Cap
$5.84B
Enterprise Value$8.06B
Total Cash (Recent Filing)$131.70M
Total Debt (Recent Filing)$1.13B
Price to Earnings (P/E)7.3
Beta1.63
Next Earnings
Jan 29, 2025EPS Estimate
2.24Last Dividend Ex-Date
Dec 17, 2024Dividend Yield1.86%
Share Statistics
EPS (TTM)11.04
Shares Outstanding72,359,210
10 Day Avg. Volume978,056
30 Day Avg. Volume996,647
Standard Deviation0.15
R-Squared0.42
Alpha0.00590
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.91
Price to Cash Flow (P/CF)-15.90
P/FCF Ratio0.00
Enterprise Value/Market Cap1.38
Enterprise Value/Revenue1.26
Enterprise Value/Gross Profit5.31
Enterprise Value/Ebitda7.55
Forecast
1Y Price Target
$101.36Price Target Upside25.51% Upside
Rating ConsensusHold
Number of Analyst Covering8
Meritage News
PremiumCompany Announcements
Meritage Appoints Geisha Williams to Board of Directors
Bulls Say, Bears Say
Bulls Say
EarningsMeritage Homes reported strong earnings per share, significantly surpassing expectations due to increased home closings and improved sales margins.
Growth StrategyMeritage's focus on quick close, move-in ready homes positions it for exceptional growth, presenting a more attractive choice compared to existing housing options.
Strategic AcquisitionThe acquisition of Elliott Homes is expected to enhance profit margins immediately, thanks to the asset-only deal structure and minimal competition in Gulf Coast markets.
Bears Say
Competitive EnvironmentMTH is experiencing pressure from a more competitive inventory environment, rising rates, and buyer anxiety over election uncertainty.
Earnings ImpactHigher selling incentives on entry-level homes and potentially higher FHA mortgage premiums are likely to impact MTH's earnings.
Market DowngradeThe rating on MTH is downgraded to Market Perform due to near-term pressures on entry-level homebuilders, whose core first-time buyers are likely to face greater affordability challenges.
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Ownership Overview
1.22% Insiders
15.57% Mutual Funds
1.01% Other Institutional Investors
58.10% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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MTH FAQ
What was Meritage Homes Corp’s price range in the past 12 months?
Meritage Homes Corp lowest stock price was $73.05 and its highest was $106.99 in the past 12 months.
What is Meritage Homes Corp’s market cap?
Meritage Homes Corp’s market cap is $5.84B.
When is Meritage Homes Corp’s upcoming earnings report date?
Meritage Homes Corp’s upcoming earnings report date is Jan 29, 2025 which is in 11 days.
How were Meritage Homes Corp’s earnings last quarter?
Meritage Homes Corp released its earnings results on Oct 29, 2024. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.487 by $0.183.
Is Meritage Homes Corp overvalued?
According to Wall Street analysts Meritage Homes Corp’s price is currently Undervalued.
Does Meritage Homes Corp pay dividends?
Meritage Homes Corp pays a Quarterly dividend of $3 which represents an annual dividend yield of 1.86%. See more information on Meritage Homes Corp dividends here
What is Meritage Homes Corp’s EPS estimate?
Meritage Homes Corp’s EPS estimate is 2.24.
How many shares outstanding does Meritage Homes Corp have?
Meritage Homes Corp has 72,359,210 shares outstanding.
What happened to Meritage Homes Corp’s price movement after its last earnings report?
Meritage Homes Corp reported an EPS of $2.67 in its last earnings report, beating expectations of $2.487. Following the earnings report the stock price went down -1.658%.
Which hedge fund is a major shareholder of Meritage Homes Corp?
Among the largest hedge funds holding Meritage Homes Corp’s share is Greenhaven Associates Inc. It holds Meritage Homes Corp’s shares valued at 153M.
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Meritage Stock Smart Score
Unlock Smart Score
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9
10
Analyst Consensus
Hold
Average Price Target:
$101.36 (25.51% Upside)
$101.36 (25.51% Upside)
Blogger Sentiment
Bullish
MTH Sentiment 70%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 308.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-2.68%
12-Months-Change
Fundamentals
Return on Equity
17.19%
Trailing 12-Months
Asset Growth
14.91%
Trailing 12-Months
Company Description
Meritage Homes Corp
Meritage Homes Corp. is a holding company, which engages in the development and sale of residential properties. It operates through two segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses. The Financial Services segment includes the operations of the company's subsidiary, Carefree Title. Meritage Homes was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.
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MTH Company Deck
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MTH Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call revealed a strong operational and strategic performance by Meritage Homes, highlighted by impressive order volumes, a record backlog conversion rate, and strategic acquisitions. However, challenges such as decreased average sales prices, impacts from recent hurricanes, and a volatile mortgage rate environment were noted, which affected margins and required increased incentives. Despite these challenges, the company demonstrated resilience through strategic moves and strong financials.Read More>---
MTH Stock 12 Month Forecast
Average Price Target
$101.36
▲(25.51% Upside)
Technical Analysis
Best Analysts Covering MTH
1 Year
1 Year Success Rate
9/13 ratings generated profit
1 Year Average Return
+42.97%
reiterated a buy rating 11 days ago
Copying John Lovallo's trades and holding each position for 1 Year would result in 69.23% of your transactions generating a profit, with an average return of +42.97% per trade.
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