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Last $42.62 USD
Change Today -0.52 / -1.21%
Volume 118.4K
As of 11:37 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

meritage homes corp (MTH) Snapshot

Open
$43.18
Previous Close
$43.14
Day High
$43.65
Day Low
$42.51
52 Week High
04/6/15 - $49.90
52 Week Low
01/20/15 - $31.69
Market Cap
1.7B
Average Volume 10 Days
641.0K
EPS TTM
$3.29
Shares Outstanding
39.7M
EX-Date
12/26/96
P/E TM
13.0x
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
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 Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Meritage Homes Corporation reported un-audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total closing revenue of $518.7 million compared to $408.3 million, financial services profit of $3.8 million compared to $3.0 million, loss from other unconsolidated entities, net of $0.1 million compared to $0.2 million, earnings before income taxes of $25.3 million compared to $39.8 million and net earnings of $16.4 million or $0.40 per diluted share compared to $25.4 million or $0.62 per diluted share for the last year. Net cash used in operating activities was $38.2 million compared to $129.5 million and purchases of property and equipment was $4.6 million compared to $7.0 million for the last year. Net earnings primarily reflects lower home closing margins on higher home closing revenues; and higher selling, general and administrative expenses.

MERITAGE HOMES Presents at IMN - The 2nd Annual Real Estate Private Equity Forum on Land & HomeBuilding (EAST), Apr-15-2015 11:30 AM

MERITAGE HOMES Presents at IMN - The 2nd Annual Real Estate Private Equity Forum on Land & HomeBuilding (EAST), Apr-15-2015 11:30 AM. Venue: Four Seasons Miami, 1435 Brickell Avenue, Miami, FL 33131, Florida, United States. Speakers: Clint Szubinski, Region President - Florida.

Meritage Homes Corporation Announces Executive Changes

On April 1, 2015, the employment of Steven Davis, Executive Vice President and Chief Operating Officer of Meritage Homes Corporation, ended. Also, the company appointed Phillippe Lord the company's new Executive Vice President and Chief Operating Officer. Prior to his appointment as Chief Operating Officer, Mr. Lord, was the company's Western Region President since 2012. From 2008 to 2012, Mr. Lord was the company's Vice President of Strategic Operations. Prior to joining Meritage, Mr. Lord held various management positions with other homebuilders/land development companies.

 

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MTH:US $42.59 USD -0.55

MTH Competitors

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Industry Analysis

MTH

Industry Average

Valuation MTH Industry Range
Price/Earnings 13.6x
Price/Sales 0.7x
Price/Book 1.5x
Price/Cash Flow 12.9x
TEV/Sales 0.3x
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