meritage homes corp. - MTH
MTH
Close Chg Chg %
178.27 -0.55 -0.31%
Closed Market
177.72
-0.55 (0.31%)
Volume: 267.95K
Last Updated:
Nov 21, 2024, 3:59 PM EDT
Company Overview: meritage homes corp. - MTH
MTH Key Data
| Open $179.10 | Day Range 177.53 - 181.58 |
| 52 Week Range 137.70 - 213.96 | Market Cap $6.45B |
| Shares Outstanding 36.18M | Public Float 35.29M |
| Beta 1.82 | Rev. Per Employee N/A |
| P/E Ratio 8.07 | EPS $22.36 |
| Yield 141.39% | Dividend $0.75 |
| EX-DIVIDEND DATE Sep 16, 2024 | SHORT INTEREST N/A |
| AVERAGE VOLUME 473.43K |
MTH Performance
| 1 Week | -0.96% | ||
| 1 Month | -2.82% | ||
| 3 Months | -13.72% | ||
| 1 Year | 25.44% | ||
| 5 Years | 166.79% |
MTH Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
12
Full Ratings ➔
About meritage homes corp. - MTH
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.
MTH At a Glance
Meritage Homes Corp.
18655 North Claret Drive
Scottsdale, Arizona 85255
| Phone | 1-480-515-8100 | Revenue | 6.14B | |
| Industry | Homebuilding | Net Income | 738.75M | |
| Sector | Consumer Durables | Employees | 1,838 | |
| Fiscal Year-end | 12 / 2024 | |||
| View SEC Filings |
MTH Valuation
| P/E Current | 8.068 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 8.741 |
| Price to Sales Ratio | 1.052 |
| Price to Book Ratio | 1.376 |
| Price to Cash Flow Ratio | 18.154 |
| Enterprise Value to EBITDA | 7.122 |
| Enterprise Value to Sales | 1.075 |
| Total Debt to Enterprise Value | 0.161 |
MTH Efficiency
| Revenue/Employee | 3,339,642.546 |
| Income Per Employee | 401,930.359 |
| Receivables Turnover | 22.992 |
| Total Asset Turnover | 1.01 |
MTH Liquidity
| Current Ratio | 8.214 |
| Quick Ratio | 1.621 |
| Cash Ratio | 1.257 |
MTH Profitability
| Gross Margin | 25.127 |
| Operating Margin | 14.712 |
| Pretax Margin | 15.467 |
| Net Margin | 12.035 |
| Return on Assets | 12.161 |
| Return on Equity | 17.257 |
| Return on Total Capital | 13.02 |
| Return on Invested Capital | 13.782 |
MTH Capital Structure
| Total Debt to Total Equity | 23.033 |
| Total Debt to Total Capital | 18.721 |
| Total Debt to Total Assets | 16.684 |
| Long-Term Debt to Equity | 21.861 |
| Long-Term Debt to Total Capital | 17.769 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Meritage Homes Corp. - MTH
Collapse All in section
| All values USD millions. | 2020 | 2021 | 2022 | 2023 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 4.50B | 5.14B | 6.29B | 6.14B | |
Sales Growth
| +22.75% | +14.22% | +22.39% | -2.45% | |
Cost of Goods Sold (COGS) incl D&A
| 3.51B | 3.69B | 4.47B | 4.60B | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 31.05M | 26.25M | 24.75M | 23.50M | |
Depreciation
| - | - | - | 23.50M | - |
Amortization of Intangibles
| - | - | - | - | - |
COGS Growth
| +18.57% | +5.19% | +21.09% | +2.75% | |
Gross Income
| 989.42M | 1.45B | 1.82B | 1.54B | |
Gross Income Growth
| +40.32% | +46.27% | +25.70% | -15.21% | |
Gross Profit Margin
| +21.98% | +28.15% | +28.91% | +25.13% |
| 2020 | 2021 | 2022 | 2023 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 446.92M | 466.85M | 516.25M | 616.63M | |
Research & Development
| - | - | - | - | - |
Other SG&A
| 446.92M | 466.85M | 516.25M | 616.63M | |
SGA Growth
| +13.77% | +4.46% | +10.58% | +19.44% | |
Other Operating Expense
| 18.50M | 17.88M | 22.20M | 22.71M | |
Unusual Expense
| - | - | 18.19M | 907.00K | - |
EBIT after Unusual Expense
| 523.99M | 944.28M | 1.28B | 902.14M | |
Non Operating Income/Expense
| 11.75M | 10.87M | 8.66M | 47.29M | |
Non-Operating Interest Income
| - | - | - | - | - |
Equity in Earnings of Affiliates
| 5.09M | 6.01M | 5.95M | (656.00K) | |
Interest Expense
| - | 2.18M | 318.00K | 41.00K | |
Interest Expense Growth
| - | -73.99% | -85.39% | -87.11% | |
Gross Interest Expense
| - | 2.18M | 318.00K | 41.00K | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 533.57M | 954.83M | 1.29B | 949.43M | |
Pretax Income Growth
| +76.13% | +78.95% | +35.03% | -26.36% | |
Pretax Margin
| +11.85% | +18.57% | +20.49% | +15.47% | |
Income Tax
| 110.09M | 217.39M | 297.13M | 210.68M | |
Income Tax - Current - Domestic
| 120.19M | 220.40M | 300.65M | 212.14M | |
Income Tax - Current - Foreign
| - | - | - | - | - |
Income Tax - Deferred - Domestic
| (10.10M) | (3.01M) | (3.53M) | (1.46M) | |
Income Tax - Deferred - Foreign
| - | - | - | - | - |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| 5.09M | 6.01M | 5.95M | (656.00K) | |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 423.48M | 737.44M | 992.19M | 738.75M | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 423.48M | 737.44M | 992.19M | 738.75M | |
Net Income Growth
| +69.62% | +74.14% | +34.54% | -25.54% | |
Net Margin Growth
| +9.41% | +14.34% | +15.77% | +12.04% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 423.48M | 737.44M | 992.19M | 738.75M | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 423.48M | 737.44M | 992.19M | 738.75M | |
EPS (Basic)
| 11.2274 | 19.6077 | 27.0396 | 20.1739 | |
EPS (Basic) Growth
| +71.34% | +74.64% | +37.90% | -25.39% | |
Basic Shares Outstanding
| 37.72M | 37.61M | 36.69M | 36.62M | |
EPS (Diluted)
| 11.0039 | 19.2882 | 26.743 | 19.929 | |
EPS (Diluted) Growth
| +71.41% | +75.29% | +38.65% | -25.48% | |
Diluted Shares Outstanding
| 38.48M | 38.23M | 37.10M | 37.07M | |
EBITDA
| 555.04M | 988.71M | 1.31B | 926.54M | |
EBITDA Growth
| +76.89% | +78.13% | +32.03% | -29.02% | |
EBITDA Margin
| +12.33% | +19.23% | +20.75% | +15.09% |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 226.00 | |
| Number of Ratings | 12 | Current Quarters Estimate | 4.555 | |
| FY Report Date | 12 / 2024 | Current Year's Estimate | 21.267 | |
| Last Quarter’s Earnings | 5.34 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 19.93 | Next Fiscal Year Estimate | 21.441 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 8 | 7 | 8 | 8 |
| Mean Estimate | 4.55 | 3.83 | 21.27 | 21.44 |
| High Estimates | 5.20 | 4.13 | 21.91 | 23.25 |
| Low Estimate | 4.25 | 3.29 | 20.96 | 20.20 |
| Coefficient of Variance | 6.78 | 7.78 | 1.44 | 4.45 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 5 | 5 | 4 |
| OVERWEIGHT | 1 | 1 | 2 |
| HOLD | 5 | 6 | 5 |
| UNDERWEIGHT | 0 | 0 | 0 |
| SELL | 1 | 1 | 2 |
| MEAN | Overweight | Overweight | Hold |
SEC Filings for Meritage Homes Corp. - MTH
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Meritage Homes Corp. - MTH
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Mar 14, 2024 | Phillippe Lord Chief Executive Officer; Director | 100,266 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $162.79 per share | 16,322,302.14 |
| Mar 6, 2024 | Hilla Sferruzza Chief Financial Officer | 47,070 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.45 per share | 7,552,381.50 |
| Mar 6, 2024 | Phillippe Lord Chief Executive Officer; Director | 106,471 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $157.99 per share | 16,821,353.29 |
| Mar 6, 2024 | Phillippe Lord Chief Executive Officer; Director | 103,631 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.81 per share | 16,457,639.11 |
| Mar 6, 2024 | Phillippe Lord Chief Executive Officer; Director | 102,966 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $159.94 per share | 16,468,382.04 |
| Mar 6, 2024 | Phillippe Lord Chief Executive Officer; Director | 102,766 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.86 per share | 16,530,938.76 |
| Mar 6, 2024 | Javier Feliciano EVP Chief People Officer | 20,157 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 6, 2024 | Javier Feliciano EVP Chief People Officer | 18,100 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $157.98 per share | 2,859,438.00 |
| Mar 6, 2024 | Javier Feliciano EVP Chief People Officer | 17,584 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.63 per share | 2,789,349.92 |
| Mar 6, 2024 | Clinton Szubinski EVP - Chief Operating Officer | 22,189 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 6, 2024 | Steven J. Hilton Executive Chairman; Director | 393,676 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 6, 2024 | Hilla Sferruzza Chief Financial Officer | 47,551 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.76 per share | 7,549,196.76 |
| Mar 6, 2024 | Hilla Sferruzza Chief Financial Officer | 48,451 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158 per share | 7,655,258.00 |
| Mar 6, 2024 | Hilla Sferruzza Chief Financial Officer | 55,292 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 6, 2024 | Javier Feliciano EVP Chief People Officer | 17,338 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $159.71 per share | 2,769,051.98 |
| Mar 6, 2024 | Javier Feliciano EVP Chief People Officer | 17,307 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.82 per share | 2,783,311.74 |
| Mar 6, 2024 | Steven J. Hilton Executive Chairman; Director | 388,971 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.9 per share | 62,585,433.90 |
| Mar 6, 2024 | Steven J. Hilton Executive Chairman; Director | 389,222 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $159.85 per share | 62,217,136.70 |
| Mar 6, 2024 | Steven J. Hilton Executive Chairman; Director | 389,560 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.79 per share | 61,858,232.40 |
| Mar 6, 2024 | Steven J. Hilton Executive Chairman; Director | 390,055 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $158.03 per share | 61,640,391.65 |