Meritage Homes Corporation (MTH) |
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Price: $155.4300
$-1.88
-1.195%
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Day's High:
| $159.055
| Week Perf:
| -2.81 %
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Day's Low: |
$ 153.56 |
30 Day Perf: |
-0.7 % |
Volume (M): |
436 |
52 Wk High: |
$ 179.69 |
Volume (M$): |
$ 67,705 |
52 Wk Avg: |
$138.63 |
Open: |
$158.49 |
52 Wk Low: |
$108.98 |
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Market Capitalization (Millions $) |
5,761 |
Shares
Outstanding (Millions) |
37 |
Employees |
1,409 |
Revenues (TTM) (Millions $) |
1,519 |
Net Income (TTM) (Millions $) |
739 |
Cash Flow (TTM) (Millions $) |
60 |
Capital Exp. (TTM) (Millions $) |
38 |
Meritage Homes Corporation
Meritage Homes is a leading designer and builder of single-family detached
homes. We primarily build in historically high-growth regions of the United
States and offer a variety of homes that are designed to appeal to a wide range
of homebuyers, including first-time, move-up, active adult and luxury. We have
homebuilding operations in three regions: West, Central and East, which are
comprised of nine states: Arizona, California, Colorado, Texas, Florida, Georgia,
North Carolina, South Carolina and Tennessee. These three regions are our principal
homebuilding operating segments. We also operate a wholly-owned title company,
Carefree Title Agency, Inc. ("Carefree Title"). Carefree Titles core
business includes title insurance and closing/settlement services we offer to
our homebuyers.
We typically act as the general contractor for our projects and hire experienced
subcontractors on a geographic basis to complete construction at a fixed price.
We usually enter into agreements with subcontractors and materials suppliers
on an individual basis after receiving competitive bids. We also enter into
longer-term and national or regional contracts with subcontractors and suppliers,
where possible, to obtain more favorable terms, minimizing construction costs
and control product consistency and availability. Our contracts require that
our subcontractors comply with all laws and labor practices pertaining to their
work, follow local building codes and permits, and meet performance, warranty
and insurance requirements and standards. Our purchasing and construction managers
coordinate and monitor the activities of subcontractors and suppliers, and monitor
compliance with zoning, building and safety codes.
We specify that quality durable materials be used in the construction of our
homes and we do not maintain significant inventories of construction materials,
except for work in process materials for homes under construction. When possible,
we negotiate price and volume discounts and rebates with manufacturers and suppliers
on behalf of our subcontractors so we can take advantage of production volume.
Our raw materials consist primarily of lumber, concrete, drywall and similar
construction materials and are frequently purchased on a national or regional
level. Such materials have historically been available from multiple suppliers
and therefore we do not believe there is a supplier risk concentration. However,
because such materials are substantially comprised of natural resource commodities,
their cost and availability is subject to national and worldwide price fluctuations
and inflation, each of which could be impacted by legislation or regulation
relating to energy and climate change.
We generally build and sell homes in phases within our larger projects, which
we believe creates efficiencies in land development, home construction operations
and cash management, as well as improves customer satisfaction by reducing the
number of vacant lots and construction activity surrounding completed homes.
Our homes are typically completed within three to five months from the start
of construction, depending upon the geographic location and the size and complexity
of the home. Construction schedules may vary depending on the size of the home,
availability of labor, materials and supplies, product type, location and weather.
Our homes are usually designed to promote efficient use of space and materials,
and to minimize construction costs and time. We typically do not enter into
any derivative contracts to hedge against weather or materials fluctuations
as we do not believe they are particularly advantageous to our operations, although
we do lock in short and mid-term pricing with our vendors for certain key construction
commodities.
Company Address: 18655 North Claret Drive Scottsdale 85255 AZ
Company Phone Number: 515-8100 Stock Exchange / Ticker: NYSE MTH
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Customers Net Income fell by |
MTH's Customers Net Profit Margin fell to |
-44.18 % |
11.14 %
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Stock Performances by Major Competitors |
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Management Changes
Published Fri, Mar 15 2024 1:00 PM UTC
Meritage Homes Corporation, the renowned American homebuilder, announced that longtime board director Raymond Oppel will retire from his position, effective May 16, 2024. With a successful career spanning over two decades at Meritage Homes, Oppel has played a significant role in shaping the company's growth and success. This press release signifies a significant tr...
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Dividend
Published Thu, Feb 22 2024 9:51 PM UTC
Meritage Homes Increases Quarterly Cash Dividend And Announces Systematic Share Repurchase Strategy Meritage Homes Corporation recently released an update on its corporate governance structure and financial performance. The company announced the consolidation of its Nominating/Governance and Environmental, Social, and Sustainability (ESS) Board Committees into a single c...
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Meritage Homes Corporation
As a financial journalist for the , I have been closely following the latest fiscal results of Meritage Homes Corporation (MTH). The recent financial report for the fiscal three months ending December 31, 2023, shows a concerning trend for the company, with a decline in both top and bottom-line figures. According to the earnings report, Meritage Homes reported a significant drop in earnings per share by -25.14% and revenue by -16.566% year on year. The earnings per share plummeted to $5.37 from $7.18 in the same period a year before, while revenue decreased to $419.64 million from $502.96 million.
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Dividend
Published Thu, Nov 16 2023 8:56 PM UTC
SCOTTSDALE, Ariz., Nov. 16, 2023 - Meritage Homes Corporation (NYSE: MTH), a leading homebuilder in the U.S., has recently announced the declaration of a quarterly cash dividend on its common stock, providing a positive sign of stability and confidence for its shareholders. The dividend, set at $0.27 per share, will be payable on December 29, 2023, to shareholders of re...
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Meritage Homes Corp
Meritage Homes Corp (NYSE: MTH) recently released its earnings report for the July to September 30, 2023 fiscal time-frame, and the results have had a profound impact on the company's stock. Although the numbers showed a decline in income and revenue compared to the previous year, there are several reasons to remain bullish on the future prospects of Meritage Homes Corp. Firstly, it's important to note that while income fell by 15.77% to $5.98 per share and revenue decreased by 4.854% to $431.82 million, year on year, there was still growth in comparison to the preceding reporting period. Revenue advanced by 13.599% from $380.13 million, and earnings per share (EPS) grew by an impressive 19.12% from $5.02 per share. This indicates that the company has the potential to rebound and regain its growth trajectory.
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Per Share |
Current |
Earnings (TTM) |
19.91 $ |
Revenues (TTM) |
40.97 $
|
Cash Flow (TTM) |
1.61 $ |
Cash |
27.86 $
|
Book Value |
124.42 $
|
Dividend (TTM) |
1.08 $ |
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Per Share |
|
Earnings (TTM) |
19.91 $
|
Revenues (TTM) |
40.97 $ |
Cash Flow (TTM) |
1.61 $ |
Cash |
27.86 $
|
Book Value |
124.42 $ |
Dividend (TTM) |
1.08 $ |
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