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. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Meritage Homes reports robust Q4 results amidst sales challenges

Meritage Homes' Q4 2022 performance was strong despite challenges in sales orders and margin expectations for Q1. The company focuses on affordability, operational discipline, and community count growth.
Strategies include prestarting entry-level homes, managing cancellations, and maintaining balance sheet strength. Opportunities lie in cost savings, shareholder returns, and long-term margin guidance.
Challenges include economic uncertainty, mortgage rate impact, and balancing affordability with margins. Lessons learned emphasize agility, innovation, and proactive decision-making for effective risk management.

Meritage Homes excels in Q1 2023, eyes growth opportunities

Meritage Homes demonstrated robust performance and operational efficiency in Q1 2023, solidifying its market position and financial stability.
While facing challenges related to market uncertainties and operational complexities, the company remains poised to leverage growth opportunities and strategic initiatives for sustained success.
By focusing on sales momentum, margin improvement, and strategic expansion, Meritage Homes is well-positioned to navigate challenges and capitalize on market dynamics for future growth.

Meritage Homes achieves record Q2 results, eyes margin optimization

Meritage Homes delivered a strong performance in Q2 2023, marked by record closings and revenue, improved margins, and strategic partnerships. While facing challenges in managing incentives and build times, the company's strengths in social responsibility and financial stability position it well for future growth. Opportunities lie in optimizing margins, supply chain resilience, and capitalizing on market demand.

Meritage Homes (MTH) reports robust Q3 performance and strategic growth plans

Meritage Homes (MTH) delivered strong financial performance in Q3 2023 with notable sales growth and operational efficiency improvements.
Despite challenges such as interest rate volatility and operational constraints, the company's strategic strengths and opportunities position it for continued growth.
By focusing on customer needs, market dynamics, and strategic planning, Meritage Homes is poised to navigate challenges and capitalize on growth opportunities.
Investment-grade rating, commitment to affordability, and strategic initiatives like land banking and share repurchases showcase Meritage Homes' resilience and long-term vision.

Meritage Homes (MTH) reports robust Q4 performance and eyes margin expansion opportunities

Meritage Homes (MTH) reported strong Q4 2023 performance with a focus on driving volume and market share. Despite challenges like a temporary EPS dip in 2024, the company is optimistic about future growth strategies and margin expansion opportunities. Efforts to compete with the existing home market and increase move-in ready inventory are key strengths.

Meritage Homes excels in Q1 2024, eyes market expansion

Meritage Homes had a successful Q1 2024, showcasing strong financial performance and operational achievements. Despite challenges in maintaining margins and changing delivery patterns, the company remains optimistic about growth opportunities and market expansion. By focusing on customer satisfaction, operational efficiency, and strategic financial management, Meritage Homes aims to sustain its positive momentum.

Meritage Homes excels in Q2, eyes growth amidst seasonal challenges

Meritage Homes' Q2 performance reflects strength and resilience, with a focus on innovation and growth. While facing potential challenges in the second half of the year, the company remains well-positioned to capitalize on growth opportunities and maintain its financial stability.

Meritage Homes excels in Q3, eyes strategic growth amid challenges

Meritage Homes' Q3 performance reflects robust growth and financial strength, supported by strategic acquisitions and operational excellence.
While facing challenges in market monitoring and growth targets, the company's focus on affordable housing and operational efficiency positions it for sustained success.
With a clear roadmap for growth and a commitment to excellence, Meritage Homes is poised to capitalize on market opportunities and drive shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Meritage Homes Corp. engages in the design and construction of single-family attached and detached homes. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops lands, constructs homes, markets and sells those homes, and provides warranty and customer services. The Financial Services segment offers title and escrows, mortgage, and insurance services. The company was founded by Steven J. Hilton and William W. Cleverly in 1985 and is headquartered in Scottsdale, AZ.

Meritage (MTH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Meritage Homes (MTH) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Meritage (MTH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Meritage (MTH) Beat Estimates Again in Its Next Earnings Report?

Meritage (MTH) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Meritage (MTH) Is Still Trading at a Bargain

Meritage (MTH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Meritage Homes Corporation (MTH) Hit a 52 Week High, Can the Run Continue?

EMCOR Group

G-III Apparel Group

W.W. Grainger

SEI Investments

SimilarWeb Ltd

The second half of 2023 is expected to offer new record highs on Wall Street, according to bullish strategist Tom Lee of Fundstrat, as quoted on Yahoo Finance.

Beyond AI, 6 Factors That Wall Street Could Gain From in 2H

BJ's Restaurants

Chuy's Hlds

M.D.C. Holdings

NVIDIA

VersaBank

Historical data suggests that when the S&P 500 concludes the first half of the year more than 10% higher, the median return for the second half is usually positive.

Wall Street Likely to Rally in 2H23: Stocks to Buy

KB Home

Lennar

Construction spending is rising led by a rebound in the housing market. This is likely to help homebuilding stocks like Lennar Corporation (LEN), KB Home (KBH), Meritage Homes Corporation (MTH) and M.D.C.

Construction Spending Making Steady Rebound: 4 Stocks to Buy

James Hardie Industries

Ryerson Hld

JHX, MTH and RYI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 30, 2023.

Best Momentum Stocks to Buy for June 30th

Eagle Materials

Honda

HMC, JHX, EXP, RYI and MTH have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2023.

New Strong Buy Stocks for June 30th

Does Meritage Homes (MTH) have what it takes to be a top stock pick for momentum investors? Let's find out.

Meritage Homes (MTH) is a Great Momentum Stock: Should You Buy?

Meritage (MTH) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover Meritage (MTH) Is a Great Choice for Value Investors

Covenant Logistics Group Inc

JHX, MTH and CVLG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 28, 2023.

Best Momentum Stocks to Buy for June 28th

Meritage Homes Corporation (MTH) Soars to 52-Week High, Time to Cash Out?

TopBuild

D.R. Horton

Installed Building Products

PulteGroup

Toll Brothers

These stocks all hit new highs as the housing and building material industries are booming. Several of these hit all-time highs on Friday.

Housing Market Is Hot. Here's More Proof.

SCOTTSDALE, Ariz., June 15, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's second quarter 2023 results on Thursday, July 27, 2023 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Pacific Daylight Time (11:00 a.m. Eastern Daylight Time) on Friday, July 28, 2023. The call will be webcast with an accompanying slideshow, both available on the "Investor Relations" page of the Company's website at https://investors.meritagehomes.com.

Meritage Homes Second Quarter 2023 Earnings Conference Call and Webcast Scheduled for July 28, 2023

SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings.

Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors

Beazer Homes USA

M/I Homes

Strong demand creates a number of opportunities for investors, despite economic and macro concerns.

5 Construction Stocks Looking Hot Right Now

The broader Zacks Construction sector is very attractive at the moment boasting 20 stocks that currently sport a Zacks Rank #1 (Strong Buy). One of the standout industries in the space is the Building Products-Home Builders Industry which is currently in Zacks top 2%.

Highly Ranked Stocks to Buy Among the Zacks Construction Sector

Meritage (MTH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Meritage (MTH) Upgraded to Strong Buy: Here's What You Should Know

MTH, JHX and EXP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 9, 2023.

Best Momentum Stocks to Buy for June 9th

Allegro MicroSystems

Alpha Metallurgical Resources

Compania Cervecerias Unidas

Diversified Healthcare Trust

AMR, CCU, DHC, MTH and ALGM have been added to the Zacks Rank #1 (Strong Buy) List on June 9, 2023.

New Strong Buy Stocks for June 9th

MTH, CCU and DHC made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 9, 2023.

Best Value Stocks to Buy for June 9th

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Meritage (MTH) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Meritage (MTH) Is Still a Bargain Stock

Meritage Homes' (MTH) strategic shift to a pure-play entry-level and first-move-up builder is expected to drive growth amid industry headwinds.

Meritage Homes (MTH) Surges 39.6% YTD: Will the Momentum Last?

KB Home (KBH), Beazer Homes USA, Inc. (BZH), D.R. Horton, Inc. (DHI) and Meritage Homes Corporation (MTH) are likely to benefit from the rebound in construction spending.

News for Meritage Homes Stock (MTH)