Last $42.41 USD
Change Today +0.11 / 0.26%
Volume 894.4K
MTH On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

meritage homes corp (MTH) Snapshot

Open
$42.27
Previous Close
$42.30
Day High
$42.65
Day Low
$41.56
52 Week High
05/14/13 - $52.95
52 Week Low
09/5/13 - $38.42
Market Cap
1.7B
Average Volume 10 Days
675.3K
EPS TTM
$3.32
Shares Outstanding
39.1M
EX-Date
12/26/96
P/E TM
12.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERITAGE HOMES CORP (MTH)

meritage homes corp (MTH) Related Businessweek News

No Related Businessweek News Found

meritage homes corp (MTH) Details

Meritage Homes Corporation is engaged in the designing and building single-family detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It offers a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury. The company provides its homes under the Meritage Homes, Monterey Homes, and Phillips Builders names. It also offers title insurance and closing/settlement services for its homebuyers. The company primarily builds and sells its homes in Arizona, Texas, California, Colorado, Florida, North Carolina, South Carolina, and Tennessee. As of December 31, 2013, Meritage Homes Corporation offered its homes in 188 communities. The company was founded in 1985 and is based in Scottsdale, Arizona.

1,050 Employees
Last Reported Date: 02/19/14
Founded in 1985

meritage homes corp (MTH) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $525.0K
Compensation as of Fiscal Year 2013.

meritage homes corp (MTH) Key Developments

Meritage Homes and SunPower Corp. Partner to Offer Solar Power Systems Nationwide

SunPower Corp. announced a three-year agreement to offer high efficiency SunPower solar power systems at Meritage Homes communities nationwide. The two companies have teamed to provide leading comprehensive energy efficiency and solar power solutions to thousands of Meritage Homes homebuyers throughout the U.S. SunPower will offer its solar technology at approximately 200 Meritage Homes communities nationwide, beginning in California, Texas and North Carolina. SunPower will also work with Meritage Homes sales personnel and Meritage homebuyers to provide training, marketing and education on the unique opportunity this partnership offers.

Meritage Homes Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Meritage Homes Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total closing revenue of $536,194,000 against $364,586,000 a year ago. Earnings before income taxes were $65,879,000 against $23,600,000 a year ago. Net earnings were $46,089,000 or $1.19 per diluted share against $95,128,000 or $2.67 per diluted share a year ago. Revenue was $2,077,000 against $526,000 a year ago. For the year, the company has posted total closing revenue of $1,814,659,000 against $1,193,674,000 a year ago. Earnings before income taxes were $177,672,000 against $28,854,000 a year ago. Net earnings were $124,464,000 or $3.25 per diluted share against $105,163,000 or $3.00 per diluted share a year ago. Net cash used in operating activities was $86,276,000 against $220,487,000 a year ago. Net debt was $541.232 million at December 31, 2013 compared to $427.328 million as at December 31, 2012. Purchases of property and equipment were $15,783,000 against $10,863,000 a year ago. Net income was increased primarily due to the reversal of most of their allowance against deferred tax assets in the fourth quarter of 2012. Income before taxes increased 516% year-over-year mainly due to 24% increase in closings in a 21% increase in average closing prices which drove at 51% increase in home closing revenue. Revenue was $6,037,000 against $779,000 a year ago.

Meritage Homes Corporation Announces Revenue Results for the Fourth Quarter and Full Year of 2013

Meritage Homes Corporation announced revenue results for the fourth quarter and full year of 2013. For the quarter, the company's closing revenue was approximately $533 million representing increases of 47% over 2012. For full year 2013, the company's closing revenue was approximately $1.78 billion representing increases of 51% over 2012.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MTH:US $42.41 USD +0.11

MTH Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AF Gruppen ASA 75.00 NOK -0.50
KB Home $16.37 USD -0.28
MDC Holdings Inc $27.41 USD -0.33
Ryland Group Inc/The $38.22 USD -0.44
Standard Pacific Corp $8.05 USD -0.06
View Industry Companies
 

Industry Analysis

MTH

Industry Average

Valuation MTH Industry Range
Price/Earnings 13.2x
Price/Sales 0.8x
Price/Book 1.8x
Price/Cash Flow 13.3x
TEV/Sales 0.3x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MERITAGE HOMES CORP, please visit www.meritagehomes.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.