Meritage Corporation (MTH) Scheduled to Post Quarterly Earnings on Friday

Meritage Corporation (NYSE:MTH) is set to announce its earnings results before the market opens on Friday, October 27th. Analysts expect the company to announce earnings of $0.94 per share for the quarter.

Meritage Corporation (NYSE:MTH) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. The business had revenue of $802.00 million for the quarter, compared to the consensus estimate of $760.39 million. Meritage Corporation had a net margin of 4.94% and a return on equity of 10.74%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. On average, analysts expect Meritage Corporation to post $3.76 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.

Shares of Meritage Corporation (NYSE MTH) opened at 48.25 on Friday. The stock has a 50 day moving average of $43.44 and a 200-day moving average of $41.39. Meritage Corporation has a 1-year low of $29.70 and a 1-year high of $48.70. The stock has a market capitalization of $1.95 billion, a P/E ratio of 13.28 and a beta of 1.48.

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In other Meritage Corporation news, EVP Javier Feliciano sold 1,009 shares of Meritage Corporation stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total transaction of $35,869.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Several equities research analysts recently issued reports on MTH shares. Credit Suisse Group started coverage on shares of Meritage Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of Meritage Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub raised shares of Meritage Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Barclays PLC reissued an “underweight” rating on shares of Meritage Corporation in a research report on Thursday, July 13th. Finally, Deutsche Bank AG raised their target price on shares of Meritage Corporation from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.13.

About Meritage Corporation

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.

Earnings History for Meritage Corporation (NYSE:MTH)

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