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Meritage (MTH)
NYSE:MTH
Meritage (MTH) Stock Price & Analysis
370 Followers
MTH Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$108.54 - $189.96
Previous Close$183.03
Volume247.88K
Average Volume (3M)441.64K
Market Cap
$6.65B
Enterprise Value$6.74B
Total Cash (Recent Filing)$905.30M
Total Debt (Recent Filing)$1.00B
Price to Earnings (P/E)8.5
Beta1.51
Next Earnings
Jul 24, 2024EPS Estimate
$5.18Next Dividend Ex-Date
Jun 14, 2024Dividend Yield0.83%
Share Statistics
EPS (TTM)21.44
Shares Outstanding36,319,014
10 Day Avg. Volume507,268
30 Day Avg. Volume441,638
Standard Deviation0.15
R-Squared0.40
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.41
Price to Sales (P/S)4.53
Price to Cash Flow (P/CF)20.20
P/FCF Ratio21.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.07
Enterprise Value/Gross Profit1.11
Enterprise Value/Ebitda6.44
Forecast
1Y Price Target
$178.25Price Target Upside-2.60% Downside
Rating ConsensusHold
Number of Analyst Covering5
Meritage News
PremiumPress Releases
Meritage Homes Announces Quarterly Cash Dividend
PremiumCompany Announcements
Meritage Issues $575M in Notes Through Private Placement
Bulls Say, Bears Say
Bulls Say
Corporate TransformationMTH's transformation over the past five years to a faster-turn, spec-focused low-end business model is viewed positively.
Financial StrategyPath to double-digit EPS expansion in 2025 and 2026, supported by organic growth and accelerating share repurchases.
Sales PerformanceEncouraged by Meritage's efforts to drive sales, earnings, and cash generation over time as it further executes on a strategy focused on pace over price.
Bears Say
Earnings Performance2024 EPS guidance was below expectations due to lower pricing and margins
Revenue ForecastLimited community count growth through the selling season and declining ASPs will weigh on the top-line in 2024
Sales RevenueHome sales revenue decreased to $1.64B, indicating a significant year-over-year decline
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Ownership Overview
7.02% Insiders
35.48% Mutual Funds
52.08% Other Institutional Investors
5.42% 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 $108.54 and its highest was $189.96 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 Jul 24, 2024 which is in 67 days.
How were Meritage’s earnings last quarter?
Meritage released its earnings results on Apr 24, 2024. The company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $3.553 by $1.507.
Is Meritage overvalued?
According to Wall Street analysts Meritage’s price is currently Overvalued.
Does Meritage pay dividends?
Meritage pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 0.83%. See more information on Meritage dividends here
What is Meritage’s EPS estimate?
Meritage’s EPS estimate is $5.18.
How many shares outstanding does Meritage have?
Meritage has 36,319,016 shares outstanding.
What happened to Meritage’s price movement after its last earnings report?
Meritage reported an EPS of $5.06 in its last earnings report, beating expectations of $3.553. Following the earnings report the stock price went up 6.71%.
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 144M.
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Meritage Stock Smart Score
Neutral
1
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10
Analyst Consensus
Hold
Average Price Target:
$178.25 (-2.60% Downside)
$178.25 (-2.60% Downside)
Blogger Sentiment
Bullish
MTH Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 523.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $407.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
50.78%
12-Months-Change
Fundamentals
Return on Equity
18.06%
Trailing 12-Months
Asset Growth
10.53%
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
Q1 2024
0:00 / 0:00
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MTH Stock 12 Month Forecast
Average Price Target
$178.25
▼(-2.60% Downside)
Technical Analysis
Best Analysts Covering MTH
1 Year
1 Year Success Rate
10/12 ratings generated profit
1 Year Average Return
+45.23%
reiterated a buy rating 5 months ago
Copying John Lovallo's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +45.23% per trade.
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