Somewhat Positive News Coverage Somewhat Unlikely to Impact Meritage Corporation (MTH) Stock Price

News articles about Meritage Corporation (NYSE:MTH) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meritage Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.8208223270416 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Shares of Meritage Corporation (NYSE:MTH) traded down 0.74% during midday trading on Friday, hitting $40.50. The stock had a trading volume of 314,624 shares. The firm has a 50-day moving average price of $41.67 and a 200-day moving average price of $40.00. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 11.14 and a beta of 1.46. Meritage Corporation has a 1-year low of $29.70 and a 1-year high of $44.45.

Meritage Corporation (NYSE:MTH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The firm had revenue of $802.00 million for the quarter, compared to the consensus estimate of $760.39 million. Meritage Corporation had a net margin of 4.94% and a return on equity of 10.74%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. On average, equities analysts anticipate that Meritage Corporation will post $3.80 EPS for the current fiscal year.

A number of research firms have issued reports on MTH. Barclays PLC reissued an “underweight” rating and set a $38.00 price target (up previously from $36.00) on shares of Meritage Corporation in a research report on Wednesday, August 2nd. Deutsche Bank AG boosted their price target on Meritage Corporation from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded Meritage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research raised Meritage Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, July 5th. Finally, Bank of America Corporation reissued an “underperform” rating and set a $38.00 price target (up previously from $36.00) on shares of Meritage Corporation in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.13.

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In other news, EVP Javier Feliciano sold 1,009 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.55, for a total value of $35,869.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company’s stock.

About Meritage Corporation

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.

Insider Buying and Selling by Quarter for Meritage Corporation (NYSE:MTH)

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