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Meritage Homes Corporation  (MTH)
Other Ticker:  
 
    Sector  Capital Goods    Industry Construction Services
 
Price: $156.5600 $-0.36 -0.229%
Day's High: $158.505 Week Perf: 3.94 %
Day's Low: $ 156.42 30 Day Perf: -5.75 %
Volume (M): 310 52 Wk High: $ 179.69
Volume (M$): $ 48,549 52 Wk Avg: $135.79
Open: $158.43 52 Wk Low: $103.61



 Market Capitalization (Millions $) 5,803
 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
   


Customers Net Income fell by MTH's Customers Net Profit Margin fell to

-31.61 %

13.64 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DHI        1.67% 
KBH        2.8% 
LEN        2.08% 
MDC        0.3% 
NVR        2.02% 
TPH        0.23% 
• View Complete Report
   



Dividend

Meritage Homes Revolutionizes Corporate Governance and Bolsters Shareholder Value

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...

Meritage Homes Corporation

Meritage Homes Corporation's Revenue Plummets by 16.57% in Q4 2023, Marking Concerning Trend for Construction Services Firm

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.

Dividend

Meritage Homes Corporation Declares Quarterly Cash Dividend, Offering Shareholder Confidence amidst Recent Stock Performance

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...

Meritage Homes Corp

Meritage Homes Corp (NYSE: MTH) Sees Deterioration in EPS by -15.77% - What Lies Ahead for the Company?

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.

Meritage Homes Corp

Meritage Homes Corp Sees Drastic 15.144% Dip in Revenue, Reports Declining EPS by 25.85% for Q2 2023

As a stock market journalist, I have been closely analyzing the recent financial results of Meritage Homes Corp. The company's performance in the financial span ending on June 30, 2023, was disappointing as they announced a soft top and bottom-line. The earnings per share (EPS) dropped by a significant -25.85%, while the revenue decreased by -15.144% year on year.
During this financial period, the company's revenue amounted to $380.13 million, falling from $447.97 million in the same period a year before. Additionally, the EPS decreased to $5.02, compared to $6.77 in the corresponding span a year ago. This decline in both revenue and EPS is concerning, especially when compared to the previous periods where the company experienced growth. Earnings per share showed an impressive increase of 41.81% from $3.54 per share, and revenue surged by 32.464% from $286.97 million.






 

Meritage Homes's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Meritage Homes does not provide revenue guidance.

Earnings Outlook
Meritage Homes Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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