Meritage Homes (NYSE:MTH – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.100-4.600 for the period, compared to the consensus estimate of 4.970. The company issued revenue guidance of -. Meritage Homes also updated its Q4 guidance to $4.10 to $4.60 EPS.
Meritage Homes Trading Down 1.6 %
Meritage Homes stock traded down $2.97 during trading on Wednesday, hitting $177.57. The company’s stock had a trading volume of 690,532 shares, compared to its average volume of 408,467. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 8.28 and a beta of 1.80. The stock’s fifty day moving average is $196.48 and its 200 day moving average is $181.86. Meritage Homes has a 1-year low of $109.23 and a 1-year high of $213.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.93 and a current ratio of 1.93.
Meritage Homes (NYSE:MTH – Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $5.34 EPS for the quarter, beating the consensus estimate of $5.05 by $0.29. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Meritage Homes had a return on equity of 17.99% and a net margin of 12.98%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.98 earnings per share. As a group, equities research analysts predict that Meritage Homes will post 21.09 EPS for the current year.
Meritage Homes Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Evercore ISI upped their price target on Meritage Homes from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods upped their price target on Meritage Homes from $195.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their target price on Meritage Homes from $173.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Raymond James upped their target price on Meritage Homes from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Wolfe Research raised Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 target price for the company in a research report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $213.83.
Get Our Latest Report on Meritage Homes
Meritage Homes Company Profile
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
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