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Last $47.86 USD
Change Today +1.55 / 3.35%
Volume 428.7K
MTH On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

meritage homes corp (MTH) Snapshot

Open
$46.38
Previous Close
$46.31
Day High
$47.96
Day Low
$46.33
52 Week High
03/27/15 - $47.96
52 Week Low
01/20/15 - $31.69
Market Cap
1.9B
Average Volume 10 Days
533.2K
EPS TTM
$3.51
Shares Outstanding
39.6M
EX-Date
12/26/96
P/E TM
13.6x
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 designs and builds single-family detached homes in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; constructs, markets, and sells homes; and provides warranty and customer services. The company provides a range of homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes, Phillips Builders, Legendary Communities, and Monterey Homes brands. It also offers title insurance and closing/settlement services for its homebuyers. As of December 31, 2014, Meritage Homes Corporation offered its homes in 229 communities. The company was founded in 1985 and is based in Scottsdale, Arizona.

1,300 Employees
Last Reported Date: 02/17/15
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: $600.0K
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 2014.

meritage homes corp (MTH) Key Developments

Meritage Homes Corporation Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015

Meritage Homes Corporation Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015 . Venue: Barclays, 745 Seventh Avenue, New York, NY 10019, United States.

Meritage Homes Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Meritage Homes Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total closing revenue of $698,918,000 against $536,194,000 a year ago. Earnings before income taxes were $66,393,000 against $65,879,000 a year ago. Net earnings were $49,208,000 or $1.19 per diluted share against $46,089,000 or $1.19 per diluted share a year ago. Revenue was $3,022,000 against $2,077,000 a year ago. For the year, the company has posted total closing revenue of $2,169,643,000 against $1,814,659,000 a year ago. Earnings before income taxes were $208,417,000 against $177,672,000 a year ago. Net earnings were $142,241,000 or $3.46 per diluted share against $124,464,000 or $3.25 per diluted share a year ago. Revenue was $10,121,000 against $6,037,000 a year ago. Net cash used in operating activities was $211,248,000 against $77,924,000 a year ago. Net debt as at December 31, 2014 was $831,875,000 compared to $557,383,000 as at December 31, 2013. Purchases of property and equipment were $20,788,000 against $15,783,000 a year ago.

Meritage To Resume Acquisitions In Summer

Steve Hilton, Chairman and Chief Executive Officer of Meritage Homes Corporation (NYSE:MTH) replies to the query regarding the acquisition strategy in future, " I think everybody is taking a little bit of a pause right now. I don't see a lot of -- the phone is not ringing like it was a year ago. We are not as aggressively looking maybe as much as we were a year ago, but our eyes are always open. I think for us, we have four or five markets we want to really increase our market share and become more relative in, particularly in the South and get bigger in, so we're really focused on that right now. We will see what happens the first couple quarters. There may be more M&A activity over the summer than there is probably right now".

 

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Industry Analysis

MTH

Industry Average

Valuation MTH Industry Range
Price/Earnings 14.0x
Price/Sales 0.9x
Price/Book 1.7x
Price/Cash Flow 13.3x
TEV/Sales 0.4x
 | 

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