Meritage Homes/MTH

$178.27

-2.36%
-
1D1W1MYTD1YMAX

About Meritage Homes

Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. Its segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Financial Services segment offer title and escrow, mortgage, and insurance services. It has operations in three regions: West, Central and East, which are comprised of 10 states: Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding reporting segments. Its homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets. It also operates Carefree Title Agency, Inc., its wholly owned title company, which provides title insurance and closing/settlement services to its homebuyers in certain states.

Ticker

MTH

Sector

Consumer Cyclicals

Trading on

NYSE

Industry

Construction Services

CEO

Steven Hilton

Employees

1,838

Headquarters

Scottsdale, United States

Meritage Homes Metrics

BasicAdvanced
$6.6B
Market cap
8.53
P/E ratio
$21.44
EPS
1.79
Beta
$1.56
Dividend rate
1.64%
Dividend yield
$6.6B
1.79264
$189.96
$109.23
439K
$1.56
21.217
21.217
7.16%
9.272
206.66%
12.84%
18.06%
14.51%
8.534
1.05
1.408
1.418
30.124
0.85%
1.64%
0.67%
-12.47%
10.89%
21.89%

What the Analysts think about Meritage Homes

Analyst Ratings

Majority rating from 10 analysts.
Hold

Price Targets

Average projection from 6 analysts.
4.43% upside
High $232.00
Low $148.00
$178.27
Current price
$186.17
Average price target

Meritage Homes Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
12.61% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.5B
-11.18%
Net income
$186M
-6.44%
Profit margin
12.61%
5.35%

Meritage Homes Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 43.6%
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q4 24
Q2 25
Actual
$5.38
$5.06
-
-
-
Expected
$5.17
$3.52
$5.17
$5.54
$4.70
Surprise
3.98%
43.6%
-
-
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Meritage Homes stock?

Meritage Homes (MTH) has a market cap of $6.6B as of May 22, 2024.

What is the P/E ratio for Meritage Homes stock?

The price to earnings (P/E) ratio for Meritage Homes (MTH) stock is 8.53 as of May 22, 2024.

Does Meritage Homes stock pay dividends?

Yes, the Meritage Homes (MTH) stock pays dividends to shareholders. As of May 22, 2024, the dividend rate is $1.56 and the yield is 1.64%. Meritage Homes has a payout ratio of 7.16% on a trailing twelve-month basis.

When is the next Meritage Homes dividend payment date?

The next Meritage Homes (MTH) dividend payment is scheduled for June 28, 2024.

What is the beta indicator for Meritage Homes?

Meritage Homes (MTH) has a beta rating of 1.79. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Meritage Homes stock price target?

The target price for Meritage Homes (MTH) stock is $186.17, which is 4.43% above the current price of $178.27. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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