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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. more
Time Frame | MTH | Sector | S&P500 |
---|---|---|---|
1-Week Return | 1.1% | -0.71% | 1.64% |
1-Month Return | 20.34% | 2.67% | 5.01% |
3-Month Return | 22.22% | -0.47% | 6.21% |
6-Month Return | 29.85% | 7.51% | 18.33% |
1-Year Return | 50.78% | 21.54% | 30.88% |
3-Year Return | 65.77% | 6.84% | 33.21% |
5-Year Return | 252.2% | 59.49% | 99.77% |
10-Year Return | 376.2% | 213.79% | 238.69% |
Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | 5YR TREND | |
---|---|---|---|---|---|---|
Total Revenue | 3.68B | 4.51B | 5.15B | 6.30B | 6.11B | [{"date":"2019-12-31","value":58.4,"profit":true},{"date":"2020-12-31","value":71.55,"profit":true},{"date":"2021-12-31","value":81.73,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":97.06,"profit":true}] |
Cost of Revenue | 2.98B | 3.53B | 3.71B | 4.50B | 4.61B | [{"date":"2019-12-31","value":64.58,"profit":true},{"date":"2020-12-31","value":76.56,"profit":true},{"date":"2021-12-31","value":80.5,"profit":true},{"date":"2022-12-31","value":97.49,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Gross Profit | 700.19M | 976.00M | 1.44B | 1.80B | 1.50B | [{"date":"2019-12-31","value":38.84,"profit":true},{"date":"2020-12-31","value":54.14,"profit":true},{"date":"2021-12-31","value":79.61,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":83.32,"profit":true}] |
Gross Margin | 19.04% | 21.66% | 27.88% | 28.63% | 24.57% | [{"date":"2019-12-31","value":66.51,"profit":true},{"date":"2020-12-31","value":75.66,"profit":true},{"date":"2021-12-31","value":97.41,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":85.84,"profit":true}] |
Operating Expenses | 392.82M | 446.92M | 466.85M | 516.25M | 231.72M | [{"date":"2019-12-31","value":76.09,"profit":true},{"date":"2020-12-31","value":86.57,"profit":true},{"date":"2021-12-31","value":90.43,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":44.89,"profit":true}] |
Operating Income | 316.95M | 535.74M | 973.34M | 1.29B | 1.27B | [{"date":"2019-12-31","value":24.58,"profit":true},{"date":"2020-12-31","value":41.55,"profit":true},{"date":"2021-12-31","value":75.49,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":98.53,"profit":true}] |
Total Non-Operating Income/Expense | (22.38M) | (4.35M) | (18.82M) | (82.00K) | (320.96M) | [{"date":"2019-12-31","value":-2237500000,"profit":false},{"date":"2020-12-31","value":-435400000,"profit":false},{"date":"2021-12-31","value":-1882400000,"profit":false},{"date":"2022-12-31","value":-8200000,"profit":false},{"date":"2023-12-31","value":-32096100000,"profit":false}] |
Pre-Tax Income | 302.94M | 533.57M | 954.83M | 1.29B | 949.43M | [{"date":"2019-12-31","value":23.5,"profit":true},{"date":"2020-12-31","value":41.38,"profit":true},{"date":"2021-12-31","value":74.06,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":73.64,"profit":true}] |
Income Taxes | 53.28M | 110.09M | 217.39M | 297.13M | (210.68M) | [{"date":"2019-12-31","value":17.93,"profit":true},{"date":"2020-12-31","value":37.05,"profit":true},{"date":"2021-12-31","value":73.16,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":-70.91,"profit":false}] |
Income After Taxes | 249.66M | 423.48M | 737.44M | 992.19M | 1.16B | [{"date":"2019-12-31","value":21.52,"profit":true},{"date":"2020-12-31","value":36.5,"profit":true},{"date":"2021-12-31","value":63.57,"profit":true},{"date":"2022-12-31","value":85.53,"profit":true},{"date":"2023-12-31","value":100,"profit":true}] |
Income From Continuous Operations | 249.66M | 423.48M | 737.44M | 992.19M | 802.26M | [{"date":"2019-12-31","value":25.16,"profit":true},{"date":"2020-12-31","value":42.68,"profit":true},{"date":"2021-12-31","value":74.32,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":80.86,"profit":true}] |
Income From Discontinued Operations | - | - | - | - | - | [{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}] |
Net Income | 249.66M | 423.48M | 737.44M | 992.19M | 738.75M | [{"date":"2019-12-31","value":25.16,"profit":true},{"date":"2020-12-31","value":42.68,"profit":true},{"date":"2021-12-31","value":74.32,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":74.46,"profit":true}] |
EPS (Diluted) | 6.52 | 11.02 | 19.30 | 26.75 | 19.94 | [{"date":"2019-12-31","value":24.37,"profit":true},{"date":"2020-12-31","value":41.2,"profit":true},{"date":"2021-12-31","value":72.15,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":74.54,"profit":true}] |
These ratios help you determine the liquidity of the company. Higher is better.
MTH | |
---|---|
Cash Ratio | 1.18 |
Current Ratio | 8.06 |
Quick Ratio | 1.50 |
These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.
MTH | |
---|---|
ROA (LTM) | 9.82% |
ROE (LTM) | 18.06% |
These ratios help you understand the company's liabilities, gauging the riskiness of the investment.
MTH | |
---|---|
Debt Ratio Lower is generally better. Negative is bad. | 0.27 |
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. | 0.73 |
Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. | 1.37 |
These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.
MTH | |
---|---|
Trailing PE | 8.53 |
Forward PE | 8.97 |
P/S (TTM) | 0.94 |
P/B | 1.25 |
Price/FCF | 90 |
EV/R | 0.96 |
EV/Ebitda | 6.07 |
PEG | NM |
Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has completed its offering and sale of $575 million aggregate principal amount of 1.75% Convertible Senior
SCOTTSDALE, Ariz., May 09, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has completed its offering and sale of $575 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028. This amount includes the exercise in full by the initial purchasers of their option to purchase up to an additional $75 million aggregate principal amount of notes.
SCOTTSDALE, Ariz., May 07, 2024 - Meritage Homes Corporation (NYSE: MTH, Meritage or the Company), one of the top homebuilders in the U.S., has recently disclosed the pricing of $500 million in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028. This strategic move will bring in an estimated $484.8 million in net proceeds to Meritage, with the potential to reach $557.8 million if the initial purchasers exercise their option to purchase additional notes in full. The sale of these notes is scheduled to settle on May 9, 2024, pending the fulfillment of customary closing conditions. This announcement signifies a significant financial milestone for Meritage Homes, further solidifying its position in the market and demonstrating investor confidence in the Company''s future prospects. The decision to issue Convertible Senior Notes reflects Meritage''s strategic approach to capital raising and financial management, providing the Company with additional funds for various operational and growth initiatives.
Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced the pricing of $500 million aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (the “notes”).
Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that it has commenced an offering of $500 million aggregate principal amount of its Convertible Senior Notes due 2028
Meritage Corporation (MTH) share price today is $183.11
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Yes, you can purchase fractional shares of Meritage Corporation (MTH) via the Vested app. You can start investing in Meritage Corporation (MTH) with a minimum investment of $1.
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The 52-week high price of Meritage Corporation (MTH) is $189.96. The 52-week low price of Meritage Corporation (MTH) is $108.54.
The price-to-earnings (P/E) ratio of Meritage Corporation (MTH) is 8.53
The price-to-book (P/B) ratio of Meritage Corporation (MTH) is 1.25
The dividend yield of Meritage Corporation (MTH) is 1.64%
The market capitalization of Meritage Corporation (MTH) is $6.64B
The stock symbol (or ticker) of Meritage Corporation is MTH