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

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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.

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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 Homes' (MTH) third-quarter results reflect steady demand amid a lower gross margin, greater overhead costs and a higher tax rate.

Meritage Homes (MTH) Q3 Earnings Beat, Orders Up, Backlog Falls

While the top- and bottom-line numbers for Meritage (MTH) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Meritage (MTH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

SCOTTSDALE, Ariz., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2023.

Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory

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SunPower grows New Homes footprint in eight states including expanded agreements with Meritage Homes and Toll Brothers Builders respond to rising energy bills and power outages with renewable energy RICHMOND, Calif. , Oct. 31, 2023 /PRNewswire/ -- SunPower (NASDAQ:SPWR), a leading residential solar technology and energy services provider, today announced it signed deals with four new home builders for solar standard communities across the country, signaling a rising prioritization of more sustainable, reliable, and affordable energy in new home building.

Builders Make SunPower Solar a Standard Feature for New Homes

Meritage Homes (MTH) closed the most recent trading day at $111.47, moving +1.47% from the previous trading session.

Meritage Homes (MTH) Rises As Market Takes a Dip: Key Facts

A slowdown in the housing market and inflationary pressure are likely to affect Meritage Homes' (MTH) third-quarter 2023 performance.

Here's What to Expect From Meritage Homes' (MTH) Q3 Earnings

Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Meritage Homes (MTH) to Report a Decline in Earnings: What to Look Out for

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Builder confidence in October takes a hit as mortgage rates soar to a 23-year high.

Builder Confidence Wanes Amid Rising Mortgage Rates

In the latest trading session, Meritage Homes (MTH) closed at $118.69, marking a +1.49% move from the previous day.

Meritage Homes (MTH) Outperforms Broader Market: What You Need to Know

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Meritage Homes (MTH) Right Now?

SCOTTSDALE, Ariz., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's third quarter 2023 results on Tuesday, October 31, 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 Wednesday, November 1, 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 Third Quarter 2023 Earnings Conference Call and Webcast Scheduled for November 1, 2023

Meritage Homes (MTH) expands its presence in Jacksonville, focusing on entry-level buyers.

Meritage Homes (MTH) Expands its Operations in Jacksonville

SCOTTSDALE, Ariz., Sept. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that it has expanded its business operations to Jacksonville, Florida.

Meritage Homes Announces Expansion To Jacksonville, Florida

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We have narrowed our search to five homebuilders with strong upside left. These are: PHM, TOL, MDC, MTH, MHO.

5 Must-Buy Homebuilders Defying High Mortgage Rate

Homebuilding stocks like KB Home (KBH), Beazer Homes USA, Inc. (BZH), M.D.C. Holdings, Inc. (MDC) and Meritage Homes Corporation (MTH) are benefiting from increased spending on construction projects.

4 Stocks to Buy on a Solid Jump in Construction Spending

I upgraded my rating on MTH from hold to buy, as I expect growth to accelerate in the near-term. MTH's 2Q23 earnings exceeded consensus estimates with an EPS of $5.02, driven by impressive revenue and EBIT margin in the homebuilding sector. Positive indicators include a substantial backlog, reduced build cycle times, and the ability to raise prices, all of which suggest improved revenue conversion and profit margins in the future.

Meritage Homes: Rating Upgrade As Growth Expected To Accelerate

Taylor Morrison Home

Although higher mortgage rates, a rise in input prices and land/labor costs pose risks, the lack of existing homes for sale and better operating leverage are likely to drive the Zacks Building Products - Home Builders industry. PHM, TOL, TMHC, MTH and MDC are well-positioned to gain.

5 Top-Ranked Stocks to Buy From the Buoyant Homebuilding Industry

SCOTTSDALE, Ariz., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the U.S., today published its third annual environmental, social, and governance report (the “2022 ESG Report”), which details the Company's ongoing sustainability initiatives, diversity, equity, and inclusion efforts and related milestones achieved in 2022. Following last year's inaugural annual Task Force on Climate-Related Financial Disclosures (“TCFD”) report, the current year's TCFD data is merged into the 2022 ESG Report.

Meritage Homes Releases Third Annual Environmental, Social, and Governance Report

Here is how Meritage Homes (MTH) and Owens Corning (OC) have performed compared to their sector so far this year.

Has Meritage Homes (MTH) Outpaced Other Construction Stocks This Year?

Meritage Homes Corporation (NYSE:MTH ) Q2 2023 Earnings Conference Call July 28, 2023 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Kim - Evercore ISI Paul Przybylski - Wolfe Research Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates Spencer Kaufman - UBS Alex Barron - Housing Research Center Carl Reichardt - BTIG Joe Ahlersmeyer - Deutsche Bank Charles Perron - Goldman Sachs Operator Greetings, and welcome to the Meritage Homes Second Quarter 2023 Analyst Call. [Operator Instructions] Please note that this conference is being recorded.

Meritage Homes Corporation (MTH) Q2 2023 Earnings Call Transcript

Meritage Homes' (MTH) second-quarter results reflect lower gross margin and overhead leverage woes.

Meritage Homes (MTH) Q2 Earnings Top, Orders & Backlog Fall

The headline numbers for Meritage (MTH) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Meritage (MTH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

SCOTTSDALE, Ariz., July 27, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported second quarter results for the period ended June 30, 2023.

Meritage Homes reports second quarter 2023 results including record second quarter closing units and home closing revenue and 24.4% home closing gross margin

Meritage Homes' (MTH) second-quarter 2023 results are likely to reflect high mortgage rates, increasing operating costs and ongoing economic risks, resulting in soft housing demand on a year-over-year basis.

Here's What to Expect From Meritage Homes' (MTH) Q2 Earnings

The homebuilding market is experiencing difficulties due to rising interest rates, but Meritage Homes Corporation has performed well despite these challenges, with shares looking attractively priced for long-term investors. Meritage Homes' revenue increased by 22.4% in 2022, driven by a 10.2% increase in homes sold and a 10.6% increase in average sales price; however, the number of homes ordered dropped by 14.8%. Despite short-term struggles, the ongoing housing shortage in the U.S. could serve as a long-term catalyst for higher home prices.

News for Meritage Homes Stock (MTH)