Meritage Homes Corporation (MTH) - NYSE
  • 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%
    | Tue, May 17, 9:49 AM | 1 Comment
  • Thu, Apr. 7, 10:07 AM
    • Hot-handed Meritage Homes (MTH +3.3%) continues its run higher after an upgrade to Overweight from Barclays. The $42 price target is boosted from $36, and is nearly 14% above last night's close.
    • After a rough 2015, Meritage is higher by 12.2% YTD.
    • Now read: Time To Invest In Home Builders? (Feb. 17)
    | 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.
    | Thu, Jan. 7, 5:56 PM
  • Sep. 9, 2015, 5:43 PM
    • Top gainers, as of 5.25 p.m.: CNW +32.0%. SIGM +5.4%. PANW +4.8%. YRCW +4.5%. TOT +3.0%.
    • Top losers, as of 5.25p.m.: KKD -17.0%. MTH -2.0%. XPO -2.0%. QUNR -1.0%. UPL -0.9%.
    | Sep. 9, 2015, 5:43 PM | 2 Comments
  • Mar. 12, 2015, 7:41 AM
    • Citing exposure to slowing Texas home sales, Citigroup downgrades Meritage Homes (NYSE:MTH) to Neutral from Buy.
    • Shares -1.3% premarket
    | 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)
    | Jan. 20, 2015, 9:43 AM | 1 Comment
  • Oct. 6, 2014, 10:31 AM
    • An outlier to the upside among the homebuilders in early action is Meritage Homes (MTH +1.5%) after analyst Adam Rudiger - noting the compelling valuation after this year's 24% decline - upgrades to Outperform with price target range of $44-$46.
    | 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.
    | Jun. 30, 2014, 10:34 AM
  • 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.
    | Jan. 10, 2014, 9:28 AM
  • 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 PM
    Among 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
    Meritage Homes (MTH -11%) tanks on heavy volume after its Q4 misses across the board, despite posting stronger home closings and an increase in orders. Losses widened sharply on write-downs, related mostly to the winding down of its Las Vegas operations.
    | Jan. 31, 2012, 1:36 PM
Company Description
Meritage Homes Corp. is a designer and builder of single family attached and detached homes, based on the number of home closings. It offers a variety of homes that are designed to appeal of homebuyers, including first-time, move-up, active adult and luxury. The company operates in three... More
Industry: Residential Construction
Country: United States