Meritage Homes (MTH) to Release Quarterly Earnings on Tuesday

Meritage Homes (NYSE:MTH) will be issuing its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $5.06 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Meritage Homes Trading Down 1.4 %

NYSE MTH opened at $182.84 on Monday. The company has a fifty day moving average of $196.96 and a 200 day moving average of $181.56. The company has a market capitalization of $6.64 billion, a PE ratio of 8.04 and a beta of 1.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.93 and a quick ratio of 1.93. Meritage Homes has a 1 year low of $109.23 and a 1 year high of $213.98.

Meritage Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.75 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.64%. Meritage Homes’s dividend payout ratio (DPR) is presently 13.20%.

Insider Buying and Selling

In related news, CFO Hilla Sferruzza sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $205.00, for a total value of $512,500.00. Following the transaction, the chief financial officer now directly owns 44,570 shares of the company’s stock, valued at approximately $9,136,850. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Raymond James lifted their price target on Meritage Homes from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wedbush upgraded shares of Meritage Homes from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $160.00 to $195.00 in a research note on Tuesday, October 15th. Evercore ISI increased their price target on shares of Meritage Homes from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com cut shares of Meritage Homes from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Meritage Homes from $195.00 to $210.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $213.83.

About Meritage Homes

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.