Meritage Homes (NYSE:MTH – Get Free Report) released its earnings results on Tuesday. The construction company reported $5.34 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.29, Briefing.com reports. Meritage Homes had a net margin of 12.98% and a return on equity of 17.99%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $5.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Meritage Homes updated its Q4 guidance to $4.10 to $4.60 EPS and its Q4 2024 guidance to 4.100-4.600 EPS.
Meritage Homes Stock Down 0.1 %
MTH stock traded down $0.11 during midday trading on Wednesday, hitting $180.43. The company’s stock had a trading volume of 196,151 shares, compared to its average volume of 405,986. The company’s fifty day moving average price is $196.82 and its 200 day moving average price is $181.89. Meritage Homes has a twelve month low of $109.23 and a twelve month high of $213.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.93 and a quick ratio of 1.93. The stock has a market capitalization of $6.55 billion, a P/E ratio of 8.42 and a beta of 1.80.
Meritage Homes Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Monday, September 16th. Meritage Homes’s dividend payout ratio (DPR) is currently 13.99%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on MTH
Meritage Homes Company Profile
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.
See Also
- Five stocks we like better than Meritage Homes
- How to Evaluate a Stock Before Buying
- Boeing: Why Analysts Think Now’s The Time To Be Brave
- Breakout Stocks: What They Are and How to Identify Them
- Advanced Micro Devices is Building Momentum with AI: Buy the Dip
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Can Evolv Stock Recover From Its Massive Self-Inflicted Drop?
Receive News & Ratings for Meritage Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritage Homes and related companies with MarketBeat.com's FREE daily email newsletter.