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.

SCOTTSDALE, Ariz., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's fourth quarter 2023 results on Wednesday, January 31, 2024 after the market closes. Management will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, February 1, 2024.

Meritage Homes Fourth Quarter 2023 Earnings Conference Call and Webcast Scheduled for February 1, 2024

Trex

It depends on what it does to replace its pipeline of lithium to produce -- and how much it pays.

Tesla Stock Is Up 92% in 2023, but Here Are 2 Other Stocks Up Big I'd Buy First

Axonics ModulationTechnologies Inc

Cava Group, Inc.

Goldman Sachs Small Cap Core Equity ETF

iRhythm Technologies

Novo Nordisk

Sweetgreen

Shake Shack

Tenable Holdings Inc

Wingstop

Most exchange-traded funds are passively managed — they are designed to mirror the performance of stock indexes and typically have low management fees. They can work out very well for investors, which has been the case for funds that track the S&P 500.

Goldman Sachs money manager digs into three themes for long-term growth

Meritage (MTH) reported earnings 30 days ago. What's next for the stock?

Why Is Meritage (MTH) Up 15.4% Since Last Earnings Report?

I have a positive outlook for Meritage Homes Corporation, with a target price of $207. MTH has shown strong financial performance and has improved its balance sheet. Demand should remain steady if MTH can continue to provide financial incentives.

Meritage Homes: Initiate Buy On Healthy Demand And Improved Productivity

SCOTTSDALE, Ariz., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) (the “Company”), the fifth largest homebuilder in the U.S., today announced that one of the Company's long-standing directors, Mr.

Gerald Haddock to Retire from Meritage Homes Board of Directors

Meritage Homes Corporation (NYSE:MTH ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President & Chief Financial Officer Conference Call Participants Truman Patterson - Wolfe Research Stephen Kim - Evercore ISI Mike Rehaut - JPMorgan John Lovallo - UBS Alan Ratner - Zelman & Associates Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Joe Ahlersmeyer - Deutsche Bank Jay McCanless - Wedbush Securities Alex Barron - Housing Research Center Jade Rahmani - KBW Ken Zener - Seaport Research Partners Operator Greetings, and welcome to the Meritage Homes' Third Quarter 2023 Analyst Call. At this time, all participants are in a listen-only mode.

Meritage Homes Corporation (MTH) Q3 2023 Earnings Call Transcript

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

Beazer Homes USA

SunPower

Toll Brothers

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

D.R. Horton

KB Home

Lennar

PulteGroup

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

M.D.C. Holdings

M/I Homes

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.

News for Meritage Homes Stock (MTH)