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Meritage Homes Corporation (MTH)

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198.04 -4.39 (-2.17%)
At close: October 4 at 4:00 PM EDT
195.63 -2.41 (-1.22%)
After hours: October 4 at 6:09 PM EDT
Loading Chart for MTH
DELL
  • Previous Close 202.43
  • Open 204.70
  • Bid 197.93 x 800
  • Ask 317.08 x 800
  • Day's Range 194.67 - 198.89
  • 52 Week Range 109.23 - 213.98
  • Volume 218,705
  • Avg. Volume 408,506
  • Market Cap (intraday) 7.194B
  • Beta (5Y Monthly) 1.81
  • PE Ratio (TTM) 8.71
  • EPS (TTM) 22.73
  • Earnings Date Oct 29, 2024
  • Forward Dividend & Yield 3.00 (1.51%)
  • Ex-Dividend Date Sep 16, 2024
  • 1y Target Est 205.91

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 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MTH
15.15%
S&P 500
20.57%

1-Year Return

MTH
73.58%
S&P 500
35.98%

3-Year Return

MTH
107.84%
S&P 500
31.99%

5-Year Return

MTH
189.15%
S&P 500
97.59%

Compare To: MTH

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Statistics: MTH

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    7.19B

  • Enterprise Value

    7.57B

  • Trailing P/E

    8.71

  • Forward P/E

    9.63

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.13

  • Price/Book (mrq)

    1.47

  • Enterprise Value/Revenue

    1.17

  • Enterprise Value/EBITDA

    6.86

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    12.98%

  • Return on Assets (ttm)

    9.92%

  • Return on Equity (ttm)

    18.36%

  • Revenue (ttm)

    6.46B

  • Net Income Avi to Common (ttm)

    838.18M

  • Diluted EPS (ttm)

    22.73

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    992.92M

  • Total Debt/Equity (mrq)

    28.03%

  • Levered Free Cash Flow (ttm)

    -262.28M

Research Analysis: MTH

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.7B
Earnings 231.56M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

153.00 Low
205.91 Average
198.04 Current
257.00 High
 

Company Insights: MTH

Research Reports: MTH

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  • What does Argus have to say about MTH?

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $216.000000; 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 $215.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $215.000000; 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
     
  • What does Argus have to say about MTH?

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $200.000000; 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 $209.00

    MERITAGE HOMES CORP has an Investment Rating of HOLD; a target price of $209.000000; 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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