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Meritage (MTH)
NYSE:MTH
Holding MTH?
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MTH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$147.77 - $213.98
Previous Close$151.91
Volume2.05M
Average Volume (3M)384.49K
Market Cap
$5.50B
Enterprise Value$5.98B
Total Cash (Recent Filing)$831.56M
Total Debt (Recent Filing)$1.31B
Price to Earnings (P/E)6.9
Beta1.56
Next Earnings
Jan 29, 2025EPS Estimate
$4.53Last Dividend Ex-Date
Dec 17, 2024Dividend Yield1.61%
Share Statistics
EPS (TTM)22.09
Shares Outstanding36,179,602
10 Day Avg. Volume780,246
30 Day Avg. Volume384,494
Standard Deviation0.15
R-Squared0.41
Alpha0.00665
Financial Highlights & Ratios
Price to Book (P/B)1.11
Price to Sales (P/S)0.86
Price to Cash Flow (P/CF)-14.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.93
Enterprise Value/Gross Profit3.94
Enterprise Value/Ebitda5.60
Forecast
1Y Price Target
$209.00Price Target Upside35.18% Upside
Rating ConsensusHold
Number of Analyst Covering8
Meritage News
PremiumCompany Announcements
Meritage Homes Corp Faces Uncertainty Amid Capped Call Counterparty Risks
Bulls Say, Bears Say
Bulls Say
EarningsMeritage Homes reported EPS well ahead of estimates, driven by stronger home closings and better home sales gross margins.
Growth StrategyMeritage’s strategy of offering quick close, move-in ready new homes positions it for above average growth as it offers a more compelling alternative to existing units.
Strategic AcquisitionThe acquisition of Elliott Homes is expected to be margin accretive due to the assets-only deal structure and limited competition in Elliott’s Gulf Coast markets.
Bears Say
Competitive EnvironmentMTH is experiencing pressure from a more competitive inventory environment, rising rates, and buyer anxiety over election uncertainty.
Financial PerformanceHigher selling incentives on entry-level homes and potentially higher FHA mortgage premiums are likely to impact MTH's earnings.
Market RatingThe 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
2.44% Insiders
31.36% Mutual Funds
22.97% Other Institutional Investors
13.10% 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’s price range in the past 12 months?
Meritage lowest stock price was $147.77 and its highest was $213.98 in the past 12 months.
What is Meritage’s market cap?
Currently, no data Available
When is Meritage’s upcoming earnings report date?
Meritage’s upcoming earnings report date is Jan 29, 2025 which is in 39 days.
How were Meritage’s earnings last quarter?
Meritage released its earnings results on Oct 29, 2024. The company reported $5.34 earnings per share for the quarter, beating the consensus estimate of $4.974 by $0.366.
Is Meritage overvalued?
According to Wall Street analysts Meritage’s price is currently Undervalued.
Does Meritage pay dividends?
Meritage pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.61%. See more information on Meritage dividends here
What is Meritage’s EPS estimate?
Meritage’s EPS estimate is $4.53.
How many shares outstanding does Meritage have?
Meritage has 36,179,604 shares outstanding.
What happened to Meritage’s price movement after its last earnings report?
Meritage reported an EPS of $5.34 in its last earnings report, beating expectations of $4.974. Following the earnings report the stock price went down -1.664%.
Which hedge fund is a major shareholder of Meritage?
Among the largest hedge funds holding Meritage’s share is Greenhaven Associates Inc. It holds Meritage’s shares valued at 153M.
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Meritage Stock Smart Score
Unlock Smart Score
1
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4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$209.00 (35.18% Upside)
$209.00 (35.18% Upside)
Blogger Sentiment
Bullish
MTH Sentiment 100%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 154.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 2.4%
Last 30 Days ▲ 0.2%
Last 30 Days ▲ 0.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.54%
12-Months-Change
Fundamentals
Return on Equity
17.19%
Trailing 12-Months
Asset Growth
14.91%
Trailing 12-Months
Company Description
Meritage
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
$209.00
▲(35.18% Upside)
Technical Analysis
Best Analysts Covering MTH
1 Year
1 Year Success Rate
7/9 ratings generated profit
1 Year Average Return
+23.22%
assigned a sell rating last month
Copying Kenneth Zener's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +23.22% per trade.
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