Meritage Homes Corp (MTH) to Release Quarterly Earnings on Thursday
Meritage Homes Corp (NYSE:MTH) is scheduled to be announcing its Q214 earnings results on Thursday, July 24th. Analysts expect the company to announce earnings of $0.82 per share and revenue of $513.90 million for the quarter.
Shares of Meritage Homes Corp (NYSE:MTH) opened at 42.58 on Wednesday. Meritage Homes Corp has a 1-year low of $37.19 and a 1-year high of $50.28. The stock’s 50-day moving average is $41.24 and its 200-day moving average is $42.85. The company has a market cap of $1.665 billion and a price-to-earnings ratio of 11.83.
A number of analysts have recently weighed in on MTH shares. Analysts at Zacks upgraded shares of Meritage Homes Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $43.00 price target on the stock. On the ratings front, analysts at Citigroup Inc. upgraded shares of Meritage Homes Corp from a “neutral” rating to a “buy” rating in a research note on Monday, June 30th. They now have a $49.00 price target on the stock, up previously from $43.00. Finally, analysts at Barclays raised their price target on shares of Meritage Homes Corp from $49.00 to $52.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Meritage Homes Corp has a consensus rating of “Hold” and a consensus target price of $49.78.
Meritage Homes Corporation operates as holding company. The Company through its subsidiaries is a designer and builder of single-family detached homes based on the number of home closings.
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