Meritage Homes (NYSE:MTH – Get Rating) is set to release its earnings data after the market closes on Wednesday, February 1st. Analysts expect Meritage Homes to post earnings of $7.03 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Meritage Homes (NYSE:MTH – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $7.10 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.69. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.63 billion. Meritage Homes had a return on equity of 29.08% and a net margin of 16.68%. On average, analysts expect Meritage Homes to post $27 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Meritage Homes Trading Up 2.0 %
Shares of Meritage Homes stock opened at $102.83 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 3.97 and a beta of 1.52. The business has a fifty day simple moving average of $91.83 and a 200-day simple moving average of $83.21. Meritage Homes has a fifty-two week low of $62.51 and a fifty-two week high of $107.72.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Meritage Homes by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,216,167 shares of the construction company’s stock worth $334,047,000 after purchasing an additional 23,652 shares during the last quarter. State Street Corp increased its holdings in shares of Meritage Homes by 0.3% during the 3rd quarter. State Street Corp now owns 1,320,818 shares of the construction company’s stock valued at $92,814,000 after acquiring an additional 4,271 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Meritage Homes by 4.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 815,481 shares of the construction company’s stock valued at $59,122,000 after acquiring an additional 36,114 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Meritage Homes by 3.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 791,112 shares of the construction company’s stock valued at $62,680,000 after acquiring an additional 28,878 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Meritage Homes by 1.7% during the 2nd quarter. Northern Trust Corp now owns 479,784 shares of the construction company’s stock valued at $34,784,000 after acquiring an additional 7,901 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.
About Meritage Homes
Meritage Homes Corp. designs and builds single family homes. It offers variety of entry-level and first move-up homes. The firm operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment acquires constructs and markets single-detached houses. The Financial Services segment includes the operations of the company’s subsidiary, Carefree Title.
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