News headlines about Meritage Homes (NYSE:MTH) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Meritage Homes earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.8470717228637 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s rankings:
- 4 Reasons Why Wedbush Is Bullish On Meritage Homes (finance.yahoo.com)
- Meritage Homes (MTH) Coverage Initiated at Wedbush (americanbankingnews.com)
- Head to Head Review: Great Lakes Dredge & Dock (GLDD) and Meritage Homes (MTH) (americanbankingnews.com)
- Meritage Homes Announces Closing of Additional $200 Million of 6.00% Senior Unsecured Notes Due 2025 (finance.yahoo.com)
- Meritage Homes Corp (MTH) Expected to Announce Earnings of $0.74 Per Share (americanbankingnews.com)
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Wedbush assumed coverage on shares of Meritage Homes in a research note on Tuesday. They issued an “outperform” rating and a $55.00 price objective on the stock. ValuEngine raised shares of Meritage Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. UBS reissued a “neutral” rating and issued a $57.00 price objective (up previously from $52.00) on shares of Meritage Homes in a research note on Wednesday, January 17th. Finally, Bank of America raised shares of Meritage Homes from an “underperform” rating to a “neutral” rating and set a $55.00 price objective on the stock in a research note on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $51.27.
Shares of MTH stock opened at $45.00 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.81. Meritage Homes has a one year low of $35.75 and a one year high of $55.50. The firm has a market cap of $1,818.92, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.66 and a beta of 1.34.
Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Thursday, February 1st. The construction company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.09. The business had revenue of $946.40 million for the quarter, compared to analysts’ expectations of $932.94 million. Meritage Homes had a net margin of 4.44% and a return on equity of 10.76%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. analysts forecast that Meritage Homes will post 5.06 EPS for the current year.
In other Meritage Homes news, CFO Hilla Sferruzza sold 589 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $45.20, for a total transaction of $26,622.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP C Timothy White sold 7,333 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $45.20, for a total transaction of $331,451.60. Following the sale, the executive vice president now directly owns 48,705 shares in the company, valued at approximately $2,201,466. The disclosure for this sale can be found here. Insiders have sold 20,959 shares of company stock worth $932,597 in the last ninety days. Insiders own 5.60% of the company’s stock.
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Meritage Homes Company Profile
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.
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