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mth-img

Meritage Corporation, Common Stock

MTH

NYQ

$183.11

+$0.08

(0.04%)

1D
Industry: Household Durables Sector: Consumer Discretionary

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$6.64B
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
8.53
Volume info-icon
This is the total number of shares traded during the most recent trading day.
80.47K
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
450.38K
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
1.64%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
1.75
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$108.54 L
$189.96 H
$183.11

About Meritage Corporation, Common Stock

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

Industry: Household DurablesSector: Consumer Discretionary

Returns

Time FrameMTHSectorS&P500
1-Week Return1.1%-0.71%1.64%
1-Month Return20.34%2.67%5.01%
3-Month Return22.22%-0.47%6.21%
6-Month Return29.85%7.51%18.33%
1-Year Return50.78%21.54%30.88%
3-Year Return65.77%6.84%33.21%
5-Year Return252.2%59.49%99.77%
10-Year Return376.2%213.79%238.69%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue3.68B4.51B5.15B6.30B6.11B[{"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 Revenue2.98B3.53B3.71B4.50B4.61B[{"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 Profit700.19M976.00M1.44B1.80B1.50B[{"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 Margin19.04%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 Expenses392.82M446.92M466.85M516.25M231.72M[{"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 Income316.95M535.74M973.34M1.29B1.27B[{"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 Income302.94M533.57M954.83M1.29B949.43M[{"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 Taxes53.28M110.09M217.39M297.13M(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 Taxes249.66M423.48M737.44M992.19M1.16B[{"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 Operations249.66M423.48M737.44M992.19M802.26M[{"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 Income249.66M423.48M737.44M992.19M738.75M[{"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)6.5211.0219.3026.7519.94[{"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}]

Ratios

Liquidity

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

Asset Efficiency

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%

Liabilities

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

Valuation

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

News

Meritage Homes Completes Offering of 1.75% Convertible Senior Notes | MTH Stock News

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

9 May, 2024 a 2:06 pm Stock Titan

Meritage Homes Completes Offering of 1.75% Convertible Senior Notes

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.

9 May, 2024 a 2:06 pm GlobeNewswire

Meritage Homes Corporation Announces Pricing of $500 Million Convertible Senior 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.

7 May, 2024 a 12:00 pm CSIMarket

Meritage Homes Announces Pricing of Convertible Senior Notes | MTH Stock News

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”).

7 May, 2024 a 11:00 am Stock Titan

Meritage Homes Announces Offering of Convertible Senior Notes | MTH Stock News

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

6 May, 2024 a 10:40 am Stock Titan

FAQs

What is Meritage Corporation share price today?

Meritage Corporation (MTH) share price today is $183.11

Can Indians buy Meritage Corporation shares?

Yes, Indians can buy shares of Meritage Corporation (MTH) on Vested. To buy Meritage Corporation from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in MTH stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Meritage Corporation be purchased?

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.

How to invest in Meritage Corporation shares from India?

You can invest in shares of Meritage Corporation (MTH) via Vested in three simple steps:

  • Click on Sign Up or Invest in MTH stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Meritage Corporation shares
What is Meritage Corporation 52-week high and low stock price?

The 52-week high price of Meritage Corporation (MTH) is $189.96. The 52-week low price of Meritage Corporation (MTH) is $108.54.

What is Meritage Corporation price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Meritage Corporation (MTH) is 8.53

What is Meritage Corporation price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Meritage Corporation (MTH) is 1.25

What is Meritage Corporation dividend yield?

The dividend yield of Meritage Corporation (MTH) is 1.64%

What is the Market Cap of Meritage Corporation?

The market capitalization of Meritage Corporation (MTH) is $6.64B

What is Meritage Corporation’s stock symbol?

The stock symbol (or ticker) of Meritage Corporation is MTH

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