Shares of Meritage Homes Corporation (NYSE:MTH – Get Free Report) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $79.25.
Several analysts recently weighed in on MTH shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $93.00 target price (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research note on Monday, July 6th. UBS Group reissued a “buy” rating and set a $88.00 target price (up from $86.00) on shares of Meritage Homes in a research note on Friday, July 31st. Zelman & Associates cut Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded Meritage Homes from a “sell” rating to a “hold” rating in a report on Saturday, July 25th.
Read Our Latest Report on Meritage Homes
Institutional Investors Weigh In On Meritage Homes
Meritage Homes Price Performance
MTH stock opened at $64.27 on Friday. Meritage Homes has a 52-week low of $58.03 and a 52-week high of $85.38. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 4.72 and a beta of 1.35. The business has a fifty day moving average of $71.82 and a two-hundred day moving average of $69.48.
Meritage Homes (NYSE:MTH – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 EPS. As a group, research analysts anticipate that Meritage Homes will post 5.02 earnings per share for the current year.
Meritage Homes Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.92 annualized dividend and a dividend yield of 3.0%. Meritage Homes’s dividend payout ratio (DPR) is presently 40.17%.
Meritage Homes Company Profile
Meritage Homes Corporation is a residential construction company that designs, builds and sells single-family homes in the United States. The company primarily serves first-time and move-up buyers, offering homes in a range of floor plans, communities and price points. Its operations also include land acquisition and development, as well as related services such as mortgage financing and title insurance through affiliated businesses.
Meritage emphasizes energy-efficient construction and incorporates features intended to improve home comfort, durability and operating efficiency.
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