Tue, May 17, 9:49 AM
- The company is now providing quarterly and annual guidance for a number of metrics.
- It's seeing full-year orders of 7.35K-7.55K vs. 7.1K in 2015; Q2 orders of 1.9K-2.1K vs. 1.986 in 2015.
- Full-year closings of 7.2K-7.6K vs. 6.522K in 2015.
- Closing revenue of $2.9B-$3.1B vs. $2.5B in 2015.
- Gross margin of 18-18.5% vs.19% in 2015.
- EPS of $3.55-$3.85 vs. $3.09 in 2015.
- Source: Press Release
- MTH +3.5%
Thu, Apr. 7, 10:07 AM| Thu, Apr. 7, 10:07 AM
Thu, Jan. 7, 5:56 PM
- Arizona-based Meritage Homes (MTH -6.1%) has named Hilla Sferruzza its chief financial officer, effective April 1.
- She has been the company's accounting chief. She'll replace Larry Seay, who's retiring after 20 years in that post.
- Her compensation isn't available; Seay received a 2014 package valued at $2.6M, including bonus and equity awards.
Sep. 9, 2015, 5:43 PM
Mar. 12, 2015, 7:41 AM
Jan. 20, 2015, 9:43 AM
- Hovnanian (HOV -5%), M/I Homes (MHO -3.1%), and Taylor Morrison (TMHC -4.3%) are all cut at JMP Securities, with MHO and TMHC now Market Performs, and HOV now Underperform.
- Credit Suisse, meanwhile, also cuts Taylor Morrison. Alongside, the team downgrades Ryland Group (RYL -3.2%), Meritage Homes (MTH -3.4%), and PulteGroup (PHM -3.3%) to Underperform, noting margin declines (see KB Home and Lennar earnings) and a slowdown in Texas thanks to oil's plunge.
- There's one upgrade, and that's NVR (NVR), which is boosted to Neutral from Underperform at Credit Suisse.
- ETFs: ITB, XHB
- Previously: KB Home: "Work to be done" to meet goals; -12.6% (Jan. 13)
- Previously: Lennar leads homebuilders lower after earnings (Jan. 15)
Oct. 6, 2014, 10:31 AM
Jun. 30, 2014, 10:34 AM
- Citing the recent underperformance of the stock and improving new home sales in Phoenix, Citigroup upgrades Scottsdale-based Meritage homes (MTH +1.6%) to a Buy.
- The stock is higher on the session, but maybe not because of the upgrade as the whole sector is ahead following a big jump in pending home sales.
Jan. 10, 2014, 9:28 AM
- Meritage Homes (MTH) is off 1.5% premarket to $46.60 after pricing a 2.2M secondary offering at $45.75 per share for net proceeds of about $95.9M. The underwriters retain a greenshoe option of 330K more shares.
Jul. 22, 2013, 2:58 PM
Homebuilders (ITB -1.4%) tumble across the board after existing June home sales slipped a seasonally adjusted 1.2%. Rising mortgage rates were supposed to boost short-term demand as potential buyers aimed to lock in mortgages before rates went even higher, but the June report showed no sign of it. KBH -2.6%, RYL -2.5%, MTH -2.5%, DHI -2.2%, MDC -2.2%, HOV -2%, LEN -2%, PHM -1.6%, TOL -1.4%.| Jul. 22, 2013, 2:58 PM | 3 Comments
Apr. 25, 2013, 3:24 PM
The Homebuilder ETF (XHB +1.2%) gains after PulteGroup (PHM +5.5%) reported Q1 closings up 23%, with the average selling price up 10%. Meritage Homes (MTH +1.1%) yesterday reported a 17% increase in prices, while Ryland Group (RYL +6.7%) last night said its average price rose 8.2%. "Housing demand is greater than the supply of homes available for sale in many of the areas where we operate," says Meritage CEO Steven Hilton.| Apr. 25, 2013, 3:24 PM
Apr. 24, 2013, 12:19 PM
Meritage Homes (MTH +5.2%) moves higher today on a solid Q1 earnings beat this morning. The number of closed homes for the quarter jumped 17% as closing surged 39% and orders jumped 35%. What's really driving the stock right now is its forecast for FY13. The homebuilder's EPS forecast, based on a 40% increase in closings revenue the rest of the year, puts the midpoint of its profit estimate more than 15% above consensus views - which were already double that from 2012. It now expects to earn between $2.20 - 2.45, versus Street estimates of $2.04.| Apr. 24, 2013, 12:19 PM
Apr. 22, 2013, 12:11 PM
Homebuilders slip today on weaker than anticipated earnings out of NVR and a miss on Existing Home Sales numbers for March: [(XHB -0.6%, [HOV]] -1.6%, MTH -0.6%, RYL -1.3%, TOL -1.4%, TPH -0.4%, DHI -0.2%, KBH -0.2%, LEN -1.2%, SPF -1%. Home improvement superstore operators also feel the pinch: (HD -0.4% and (LOW -1.2%.| Apr. 22, 2013, 12:11 PM | 2 Comments
Oct. 17, 2012, 2:59 PM
Everything to do with homebuilding moves up today on September's housing data surge: Hovanian (HOV +9.5%), KB Home (KBH +8.3%), Toll Bros. (TOL +2.5%), Ryland (RYL +4.4%), Standard Pacific (SPF +3.8%) and Meritage Homes (MTH +3.4%) all trade higher, as well as makers of fixtures like faucets and cabinets: Masco (MAS +1.4%), Fortune Brands Home & Security (FBHS +3%) and American Woodmark (AMWD +3%).| Oct. 17, 2012, 2:59 PM | 1 Comment
Feb. 22, 2012, 3:41 PMAmong homebuilder shares, Toll Brothers' (TOL -4.9%) unexpected FQ1 loss outweighs January's rise in U.S. existing home sales: BZH -5.5%, KBH -4.5%, MHO -5.9%, MTH -5.5%, RYL -4.4%. Shares slide despite optimistic remarks from TOL CEO Doug Yearley that "in general the market feels healthier than it did one year ago." | Feb. 22, 2012, 3:41 PM
Jan. 31, 2012, 1:36 PM