Last $41.95 USD
Change Today -0.11 / -0.26%
Volume 422.6K
MTH On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

meritage homes corp (MTH) Snapshot

Open
$42.06
Previous Close
$42.06
Day High
$42.44
Day Low
$41.75
52 Week High
02/26/14 - $50.28
52 Week Low
05/15/14 - $37.19
Market Cap
1.6B
Average Volume 10 Days
414.4K
EPS TTM
$3.66
Shares Outstanding
39.1M
EX-Date
12/26/96
P/E TM
11.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERITAGE HOMES CORP (MTH)

meritage homes corp (MTH) Related Businessweek News

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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 Corporation Provides Earnings Guidance for the Second Half of 2014

Meritage Homes Corporation provided earnings guidance for the second half of 2014. For the period, the company expects increase in its earnings. The 36.5% is closer to normal expected tax rate for 2014, assuming there is no extension of the federal energy credit for 2014.

Meritage Homes Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Meritage Homes Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total closing revenue of $505.60 million against $449.95 million a year ago. Earnings before income taxes were $55.24 million against $38.53 million a year ago. Net earnings were $35.08 million or $0.85 per diluted share against net earnings of $28.14 million or $0.74 per diluted share a year ago. For the six months, the company reported net sales of $913.95 million against $786.39 million a year ago. Earnings before income taxes were $94.99 million against $55.01 million a year ago. Net earnings were $60.46 million or $1.48 per diluted share against net earnings of $40.18 million or $1.06 per diluted share a year ago. Net cash used in operating activities was $174.65 million against $19.52 million a year ago. Purchases of property and equipment were $11.86 million against $5.79 million a year ago. Net debt as on June 30, 2014 was $614.197 million.

Meritage Homes Mulls Acquisitions

Meritage Homes Corporation (NYSE:MTH) is looking for acquisitions. Steve Hilton, Chairman and Chief Executive Officer of Meritage Homes Corporation said, "We are always looking for making acquisition primarily for a new market. Somebody that has a solid land position that fits in with our land strategy, product that fits with our product."

 

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Industry Analysis

MTH

Industry Average

Valuation MTH Industry Range
Price/Earnings 11.7x
Price/Sales 0.8x
Price/Book 1.6x
Price/Cash Flow 11.4x
TEV/Sales 0.3x
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