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Meritage (MTH)
NYSE:MTH
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.73Last Year’s EPS
2.53Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -6.39%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Meritage Homes' strong performance in 2024, with record deliveries and revenue, strategic expansions, and a healthy financial position. Despite these achievements, challenges such as higher lot costs, decreased average sales prices, and prolonged development cycle times were evident. The company aims to maintain its growth trajectory while balancing market pressures.Company Guidance
During the Meritage Homes Fourth Quarter 2024 Analyst Call, the company provided forward-looking guidance for the first quarter of 2025, reflecting a 2-for-1 stock split completed on January 2, 2025. The guidance included expectations of total closings between 3,200 and 3,500 units, with home closing revenue projected to be between $1.26 billion and $1.40 billion. The company anticipated a home closing gross margin of around 22% and an effective tax rate of approximately 24%, resulting in projected diluted earnings per share (EPS) ranging from $1.59 to $1.83. For the full year 2025, Meritage Homes guided for closings of 16,250 to 16,750 units and home closing revenue of $6.6 billion to $6.9 billion.Record-Setting Year for Meritage
Fourth quarter 2024 deliveries reached 4,044 homes with a home closing gross margin of 23.2% and SG&A leverage of 10.8%, resulting in diluted EPS of $4.72. Full-year 2024 saw the highest closing volume of 15,611 homes and closing revenue of $6.3 billion.
Increased Community Count and Expansion
Fourth quarter 2024 ending community count was 292, an 8% increase from the previous year. The company expanded its operations to new markets, including the Gulf Coast and Huntsville, Alabama.
Strong Financial Health
Meritage maintained a healthy balance sheet with a net debt to cap of 11.7% and ended the year with $652 million in cash.
Significant Shareholder Returns
Returned nearly $0.5 billion to shareholders over the last three years through stock buybacks and dividends. Initiated a 2-for-1 stock split on January 2, 2025.
High Customer Satisfaction
Achieved the highest customer satisfaction scores in 2024 with an avid score of 95%.
Elliott Homes Acquisition
Completed the acquisition of Elliott Homes, adding approximately 5,500 lots and expanding the company's footprint in the Gulf Coast market.
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MTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $78.82 | $81.02 | +2.79% |
| Oct 29, 2024 | $89.86 | $88.37 | -1.66% |
| Jul 24, 2024 | $94.98 | $95.79 | +0.85% |
| Apr 24, 2024 | $76.37 | $81.50 | +6.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Meritage (MTH) report earnings?
Meritage (MTH) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Meritage (MTH) earnings time?
Meritage (MTH) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTH EPS forecast?
MTH EPS forecast for the fiscal quarter 2025 (Q1) is 1.73.
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