Why Is Meritage (MTH) Up 6.6% Since Last Earnings Report? [Yahoo! Finance]
Meritage Homes Corporation (MTH)
Last meritage homes corporation earnings: 4/28 04:30 pm
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investors.meritagehomes.com
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Meritage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Meritage Homes Corporation reported third-quarter 2024 results, wherein earnings and total closing revenues topped the Zacks Consensus Estimate but declined year over year. This is the seventh consecutive quarter of earnings and revenues beat. Meritage Homes' third-quarter results highlight a strategic shift to affordable, quick-turn homes, driving $1.6 billion in revenues and record closing volume. The company reported a 145% backlog conversion and a 17.2% return on equity. Capital allocation focused on growth with $659.4 million in land investments, 7,800 new lots, and $57.1 million returned to shareholders. Earnings per share (EPS) of $5.34 topped the Zacks Consensus Estimate
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MTH
News
- Meritage Homes Gives $3.3 Million In 2024 To Support Communities Nationwide [Yahoo! Finance]Yahoo! Finance
- Meritage Homes Gives $3.3 Million In 2024 To Support Communities NationwideGlobeNewswire
- Meritage Homes Co. (NYSE: MTH) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Meritage Homes Co. (NYSE: MTH) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $197.00 price target on the stock, down previously from $220.00.MarketBeat
- An Intrinsic Calculation For Meritage Homes Corporation (NYSE:MTH) Suggests It's 33% Undervalued [Yahoo! Finance]Yahoo! Finance
MTH
Earnings
- 10/29/24 - Beat
MTH
Sec Filings
- 11/27/24 - Form 4
- 11/21/24 - Form 4
- 10/31/24 - Form 10-Q
- MTH's page on the SEC website