Analysts forecast that Meritage Homes Corp (NYSE:MTH) will announce $1.25 earnings per share for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Meritage Homes’ earnings. The highest EPS estimate is $1.29 and the lowest is $1.22. Meritage Homes posted earnings of $1.22 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 1st.
On average, analysts expect that Meritage Homes will report full year earnings of $3.80 per share for the current year, with EPS estimates ranging from $3.74 to $3.86. For the next year, analysts forecast that the business will post earnings of $4.61 per share, with EPS estimates ranging from $4.25 to $5.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Meritage Homes.
Meritage Homes (NYSE:MTH) last released its quarterly earnings data on Friday, October 27th. The construction company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.09. The firm had revenue of $805.60 million during the quarter, compared to the consensus estimate of $827.40 million. Meritage Homes had a return on equity of 10.81% and a net margin of 5.04%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share.
In other news, EVP Javier Feliciano sold 1,009 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.55, for a total transaction of $35,869.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Gary Sarver sold 12,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $50.47, for a total value of $605,640.00. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its stake in shares of Meritage Homes by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 2,909 shares of the construction company’s stock worth $123,000 after acquiring an additional 328 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Meritage Homes by 88.0% during the second quarter. Riverhead Capital Management LLC now owns 3,196 shares of the construction company’s stock worth $135,000 after purchasing an additional 1,496 shares during the period. Amalgamated Bank acquired a new position in Meritage Homes in the second quarter valued at approximately $222,000. ETRADE Capital Management LLC acquired a new position in Meritage Homes in the second quarter valued at approximately $225,000. Finally, Stifel Financial Corp acquired a new position in Meritage Homes in the second quarter valued at approximately $250,000. Institutional investors and hedge funds own 98.20% of the company’s stock.
Shares of Meritage Homes (MTH) opened at $52.55 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $2,120.00, a PE ratio of 13.98, a P/E/G ratio of 0.91 and a beta of 1.54. Meritage Homes has a fifty-two week low of $33.40 and a fifty-two week high of $55.50.
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Meritage Homes Company Profile
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: 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.
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