meritage homes corp (MTH:New York)
meritage homes corp (MTH) Snapshot
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Open
$48.65
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Previous Close
$49.53
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Day High
$50.90
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Day Low
$48.15
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52 Week High
05/14/13 - $52.95
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52 Week Low
06/13/12 - $25.02
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Market Cap
1.8B
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Average Volume 10 Days
528.2K
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EPS TTM
$3.54
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Shares Outstanding
36.0M
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EX-Date
12/26/96
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P/E TM
14.2x
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Dividend
--
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Dividend Yield
--
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Related News
meritage homes corp (MTH) Related Businessweek News
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Meritage Homes Corporation engages in designing and building single-family detached homes. 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 and Monterey Homes names. It also offers title insurance and closing/settlement services for its homebuyers. The company operates in 158 communities in Arizona, Texas, California, Nevada, Colorado, Florida, and the Carolinas. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.
meritage homes corp (MTH) Top Compensated Officers
meritage homes corp (MTH) Key Developments
Meritage Homes Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Total closing revenue from homebuilding was $336.4 million against $204.4 million last year. Revenue from financial services was $0.8 million. Income before income taxes was $16.5 million against loss before income taxes of $4.6 million last year. Net income was $12.0 million or $0.32 per diluted share against net loss of $4.8 million or $0.15 per basic and diluted share last year. Net cash used in operating activities was $0.1 million against $55.4 million last year. Purchases of property and equipment were $2.7 million against $2.3 million last year. Net income increased primarily due to higher home closing revenue and gross margins, supplemented by leveraging overhead expenses. Based on projections for opening new communities, coupled with a modest increase in average sales per community and higher average sales prices, the company is projecting approximately 40% - 45% year-over-year increase in home closing revenue for each of the three remaining quarters of 2013. Assuming some additional improvement in margins - which are being somewhat constrained by rising construction costs - and the operating leverage demonstrated in the first quarter results, the company would anticipate earnings per diluted share in the range of $2.20 - $2.45 for the year, representing a 350% - 400% increase in pretax earnings. The company expecting additional energy tax credits during 2013, which the company estimate will reduce its effective tax rate to approximately 34% for the rest of the year.
Meritage Homes Corporation Presents at Wells Fargo Industrial & Construction Conference, May-09-2013 01:35 PM. Venue: The New York Palace Hotel, 455 Madison Avenue, New York , NY 10022, United States. Speakers: Larry W. Seay, Chief Financial Officer and Executive Vice President.
Meritage Homes Corporation announced that they will report Q1, 2013 results Pre-Market on Apr 24, 2013
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Industry Analysis
MTH
Industry Average
| Valuation | MTH | Industry Range |
| Price/Earnings | 15.0x |
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| Price/Sales | 1.3x |
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| Price/Book | 2.5x |
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| Price/Cash Flow | 14.8x |
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| TEV/Sales | 0.5x |
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Post a JobJobs
- Irving, TX | Meritage HomesPosted: May 20
- Scottsdale, AZ | Meritage HomesPosted: Apr 24
- Scottsdale, AZ | Meritage HomesPosted: Apr 24
- Gilbert, AZ | Meritage HomesPosted: Apr 26
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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.
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