Meritage Homes Corp. [MTH] stock prices are up 1.64% to $175.46 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTH shares have gain 5.50% over the last week, with a monthly amount glided 12.95%, and seem to be holding up well over a long-time horizon.
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On 28, March 2024, Meritage Homes First Quarter 2024 Earnings Conference Call and Webcast Scheduled for April 25, 2024. In a post published today on Yahoo Finance, Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company’s first quarter 2024 results on Wednesday, April 24, 2024 after the market closes. Management will host a conference call to discuss the results at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time) on Thursday, April 25, 2024.
From an analyst’s perspective:
Meritage Homes Corp. [NYSE: MTH] stock has seen the most recent analyst activity on January 22, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Wedbush downgraded its rating to Neutral on December 18, 2023, and kept the price target unchanged to $170. On November 02, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $153 on the stock. Seaport Research Partners started tracking the stock assigning a Neutral rating. Deutsche Bank initiated its recommendation with a Buy and recommended $200 as its price target on June 01, 2023. JP Morgan upgraded its rating to Overweight for this stock on March 06, 2023, but kept the price target unchanged to $129. In a note dated September 19, 2022, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $87.
The stock price of Meritage Homes Corp. [MTH] has been fluctuating between $109.23 and $179.68 over the past year. Currently, Wall Street analysts expect the stock to reach $104.5 within the next 12 months. Meritage Homes Corp. [NYSE: MTH] shares were valued at $175.46 at the most recent close of the market. An investor can expect a potential drop of -40.44% based on the average MTH price forecast.
Analyzing the MTH fundamentals
The Meritage Homes Corp. [NYSE:MTH] reported sales of 6.14B for trailing twelve months, representing a drop of -16.93%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.17 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 172.81 points at the first support level, and at 170.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 177.99, and for the 2nd resistance point, it is at 180.53.
Meritage Homes Corp. [MTH] reported earnings per share of $5.38 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.17/share, meaning a difference of $0.21 and a surprise factor of 4.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.98 per share as compared to estimates of $5.14 per share, a difference of $0.84 representing a surprise of 16.30%.
Ratios To Look Out For
It’s worth pointing out that Meritage Homes Corp. [NYSE:MTH]’s Current Ratio is 8.21. As well, the Quick Ratio is 1.62, while the Cash Ratio is 1.44. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 8.81.
Transactions by insiders
Recent insider trading involved Lord Phillippe, Chief Executive Officer, that happened on Mar 13 ’24 when 2500.0 shares were sold. Chief Executive Officer, Lord Phillippe completed a deal on Mar 04 ’24 to sell 18119.0 shares. Meanwhile, Executive Chairman HILTON STEVEN J sold 4705.0 shares on Mar 04 ’24.
