Meritage Homes Corp (MTH)
NYSE:MTH
Want to see MTH full AI Analyst Report?
MTH Stock Chart & Stats
$68.07
$0.91(1.22%)
At close: 4:00 PM EST
$68.07
$0.91(1.22%)
Day’s Range― - ―
52-Week Range$58.03 - $84.74
Previous CloseN/A
Volume216.10K
Average Volume (3M)853.48K
Market Cap
$4.97B
Enterprise Value$5.40B
Total Cash (Recent Filing)$766.63M
Total Debt (Recent Filing)$1.81B
Price to Earnings (P/E)13.0
Beta0.70
Next Earnings
Jul 29, 2026EPS Estimate
1.31Next Dividend Ex-DateN/A
Dividend Yield2.62%
Share Statistics
EPS (TTM)5.48
Shares Outstanding66,702,430
10 Day Avg. Volume1,038,264
30 Day Avg. Volume853,483
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.90
Price to Sales (P/S)0.80
P/FCF Ratio50.34
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue0.96
Enterprise Value/Gross Profit5.14
Enterprise Value/Ebitda10.34
Forecast
1Y Price Target
$75.57Price Target Upside11.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)5.02
Revenue Forecast (FY)$5.49B
Bulls Say, Bears Say
Bulls Say
Community ExpansionA record and growing community base materially strengthens Meritage’s distribution and future revenue runway. More stores broaden geographic exposure, support higher long-term closings and reduce single-market risk; this durable scale helps smooth delivery cadence through cycles.
Strong Balance Sheet & LiquidityLow net leverage and ample cash provide structural resilience through housing cycles. This financial flexibility funds disciplined land spend, supports ongoing buybacks/dividends, and allows the company to invest in communities or weather slower demand without forced asset sales.
Direct Cost SavingsSustained per‑unit cost reductions improve margin durability even in softer pricing environments. Vendor negotiation gains and faster build cycles lower per‑home costs and shorten working capital turns, supporting longer‑term margin recovery independent of short-term volume spikes.
Bears Say
Margin CompressionA large, sustained margin decline driven by incentives, higher lot basis and lost operating leverage weakens long‑run profitability. Management expects margin relief only toward late 2027, implying multi‑quarter pressure on cash flow, ROE and the ability to hit longer‑term margin targets.
Revenue & Volume DeclineFalling closings and weaker revenue reduce operating leverage and slow margin recovery. Intentional pacing of starts and softer buyer demand mean near‑term throughput is constrained, making it harder to lower SG&A as a percent of revenue and to stabilize EPS growth.
Volatile Cash ConversionInconsistent conversion of profits into operating cash limits sustainable reinvestment and raises risk around ongoing buybacks/dividends. Historical negative cash flow years show sensitivity to cycle swings, constraining long‑term capital allocation unless conversion steadies.
Meritage News
MTH FAQ
What was Meritage Homes Corp’s price range in the past 12 months?
Meritage Homes Corp lowest stock price was $58.03 and its highest was $84.73 in the past 12 months.
What is Meritage Homes Corp’s market cap?
Meritage Homes Corp’s market cap is $4.97B.
When is Meritage Homes Corp’s upcoming earnings report date?
Meritage Homes Corp’s upcoming earnings report date is Jul 29, 2026 which is in 44 days.
How were Meritage Homes Corp’s earnings last quarter?
Meritage Homes Corp released its earnings results on Apr 22, 2026. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.931 by -$0.111.
Is Meritage Homes Corp overvalued?
According to Wall Street analysts Meritage Homes Corp’s price is currently Undervalued.
Does Meritage Homes Corp pay dividends?
Meritage Homes Corp pays a Quarterly dividend of $0.48 which represents an annual dividend yield of 2.62%. See more information on Meritage Homes Corp dividends here
What is Meritage Homes Corp’s EPS estimate?
Meritage Homes Corp’s EPS estimate is 1.31.
How many shares outstanding does Meritage Homes Corp have?
Meritage Homes Corp has 66,702,430 shares outstanding.
What happened to Meritage Homes Corp’s price movement after its last earnings report?
Meritage Homes Corp reported an EPS of $0.82 in its last earnings report, missing expectations of $0.931. Following the earnings report the stock price went up 1.732%.
Which hedge fund is a major shareholder of Meritage Homes Corp?
Currently, no hedge funds are holding shares in MTH
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Meritage Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$75.57 (11.02% Upside)
$75.57 (11.02% Upside)
Blogger Sentiment
Bullish
MTH Sentiment 80%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 417.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $79.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
15.84%
12-Months-Change
Fundamentals
Return on Equity
7.40%
Trailing 12-Months
Asset Growth
-1.89%
Trailing 12-Months
Company Description
Meritage Homes Corp
Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade. Furthermore, the company provides its homebuyers with crucial services such as title insurance and support for closing and settlement processes. Meritage Homes constructs and sells properties under its own brand name across a wide geographic footprint, including Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company was established in 1985 and has its corporate headquarters situated in Scottsdale, Arizona.
MTH Company Deck
MTH Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presents a balanced picture: Meritage reported operational and financial headwinds in Q1 including top-line, margin and EPS declines driven by lower volume, increased incentives and lingering elevated land basis. Offsetting these weaknesses are several strategic and financial strengths — record community count, very strong backlog conversion, meaningful cost savings, substantial liquidity, disciplined land controls and an aggressive capital return program. Management is cautiously optimistic, scaling community expansion while prioritizing balance sheet strength and margin discipline. Near-term performance is pressured, but the company outlined a clear pathway (store count growth, lower finished-spec supply, direct cost improvements and automation) to recover margins and volume over time.View all MTH earnings summariesMTH Stock 12 Month Forecast
Average Price Target
$75.57
▲(11.02% Upside)
Technical Analysis
Ownership Overview
2.99% Insiders
31.86% Mutual Funds
17.86% Other Institutional Investors
18.83% Public Companies and
Individual Investors