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Meritage Homes Corporation (MTH)

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190.79 +5.21 (+2.81%)
At close: 4:00 PM EST
192.64 +1.85 (+0.97%)
After hours: 5:48 PM EST
Loading Chart for MTH
DELL
  • Previous Close 185.58
  • Open 184.09
  • Bid 180.70 x 800
  • Ask 197.25 x 800
  • Day's Range 184.01 - 191.18
  • 52 Week Range 129.42 - 213.98
  • Volume 372,889
  • Avg. Volume 363,593
  • Market Cap (intraday) 6.903B
  • Beta (5Y Monthly) 1.81
  • PE Ratio (TTM) 8.63
  • EPS (TTM) 22.10
  • Earnings Date Jan 29, 2025 - Feb 3, 2025
  • Forward Dividend & Yield 3.00 (1.62%)
  • Ex-Dividend Date Sep 16, 2024
  • 1y Target Est 213.58

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company also offers title and escrow, mortgage, insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.

www.meritagehomes.com

1,838

Full Time Employees

December 31

Fiscal Year Ends

Recent News: MTH

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Performance Overview: MTH

Trailing total returns as of 11/5/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MTH
10.94%
S&P 500
21.24%

1-Year Return

MTH
45.09%
S&P 500
32.68%

3-Year Return

MTH
78.14%
S&P 500
23.56%

5-Year Return

MTH
179.00%
S&P 500
87.86%

Compare To: MTH

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Statistics: MTH

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Valuation Measures

Annual
As of 11/4/2024
  • Market Cap

    6.71B

  • Enterprise Value

    7.25B

  • Trailing P/E

    8.40

  • Forward P/E

    9.03

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.06

  • Price/Book (mrq)

    1.33

  • Enterprise Value/Revenue

    1.13

  • Enterprise Value/EBITDA

    6.80

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    12.63%

  • Return on Assets (ttm)

    9.38%

  • Return on Equity (ttm)

    17.19%

  • Revenue (ttm)

    6.43B

  • Net Income Avi to Common (ttm)

    812.39M

  • Diluted EPS (ttm)

    22.10

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    831.56M

  • Total Debt/Equity (mrq)

    27.27%

  • Levered Free Cash Flow (ttm)

    -350.57M

Research Analysis: MTH

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.6B
Earnings 195.97M
Q4'23
Q1'24
Q2'24
Q3'24
0
500M
1B
1.5B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

153.00 Low
213.58 Average
190.79 Current
252.00 High
 

Company Insights: MTH

Research Reports: MTH

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  • Lowering target price to $190.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $190.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $193.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $193.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Raising target price to $208.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $208.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • Lowering target price to $206.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $206.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.

    Rating
    Price Target
     

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