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Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

92.39USD
23 Nov 2020
Change (% chg)

$2.56 (+2.85%)
Prev Close
$89.83
Open
$90.42
Day's High
$92.94
Day's Low
$90.42
Volume
75,558
Avg. Vol
126,141
52-wk High
$116.76
52-wk Low
$25.24

Latest Key Developments (Source: Significant Developments)

Meritage Homes Reports Q3 Earnings Per Share Of $2.84
Thursday, 22 Oct 2020 

Oct 21 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS RECORD THIRD QUARTER 2020 ORDERS 71% HIGHER THAN PRIOR YEAR; 56% INCREASE IN NET EARNINGS WITH 21% REVENUE GROWTH AND 21.5% GROSS MARGIN.Q3 EARNINGS PER SHARE $2.84.Q3 EARNINGS PER SHARE ESTIMATE $2.41 -- REFINITIV IBES DATA.QTRLY HOMES CLOSED 3,004 UNITS VERSUS 2,419 UNITS.QTRLY HOME ORDERS 3,851 UNITS VERSUS 2,258 UNITS.QTRLY TOTAL CLOSING REVENUE $1,138,091 MILLION VERSUS $940.9 MILLION.Q3 REVENUE VIEW $1.11 BILLION -- REFINITIV IBES DATA.PROJECTING 11,200-11,500 TOTAL HOME CLOSINGS FOR FULL YEAR 2020.PROJECTING ABOUT $4.2 BILLION-$4.4 BILLION TOTAL HOME CLOSING REVENUE AND HOME CLOSING GROSS MARGIN OF 21.0-21.5% FOR FULL YEAR 2020.  Full Article

Steve Hilton Announces Retirement From 35-Year Career As CEO Of Meritage Homes
Thursday, 17 Sep 2020 

Sept 17 (Reuters) - Meritage Homes Corp ::STEVE HILTON ANNOUNCES UPCOMING RETIREMENT FROM 35-YEAR CAREER AS CHIEF EXECUTIVE OFFICER OF MERITAGE HOMES.MERITAGE HOMES CORP - STEVEN J. HILTON, CO-FOUNDER AND CEO WILL BE RETIRING AS CEO EFFECTIVE JANUARY 1, 2021.MERITAGE HOMES CORP - PHILLIPPE LORD, CURRENTLY CHIEF OPERATING OFFICER, HAS BEEN APPOINTED TO SERVE AS CEO UPON HILTON'S RETIREMENT.MERITAGE HOMES CORP - HILTON WILL CONTINUE TO PROVIDE GUIDANCE AND OVERSIGHT IN HIS ROLE AS EXECUTIVE CHAIRMAN OF CO'S BOARD.  Full Article

Meritage Homes Q2 Earnings Per Share $1.31
Thursday, 25 Jul 2019 

July 24 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS SECOND QUARTER 2019 RESULTS INCLUDING A 22% INCREASE IN ORDERS, REFLECTING HEALTHY DEMAND FOR ENTRY-LEVEL HOMES, ALONG WITH A 5% INCREASE IN CLOSINGS AND DILUTED EPS OF $1.31.Q2 EARNINGS PER SHARE $1.31.Q2 EARNINGS PER SHARE ESTIMATE $1.03 -- REFINITIV IBES DATA.CURRENTLY PROJECTING 2019 HOME CLOSINGS AND TOTAL HOME CLOSING REVENUE OF APPROXIMATELY 8,700-9,100 AND $3.4-3.6 BILLION.ANTICIPATING HOME CLOSING GROSS MARGIN TO BE IN MID-18% RANGE FOR YEAR.SEES APPROXIMATELY $5.20-5.50 DILUTED EARNINGS PER SHARE FOR FY.QTRLY HOMES CLOSED 2,253 UNITS VERSUS 2,139 UNITS.  Full Article

Meritage Homes Q1 Earnings Per Share $0.65
Wednesday, 24 Apr 2019 

April 23 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS FIRST QUARTER 2019 DILUTED EPS OF $0.65 WITH 7% INCREASE IN ORDERS AND 2% INCREASE IN CLOSINGS ON HEALTHY DEMAND FOR ENTRY-LEVEL HOMES.Q1 EARNINGS PER SHARE $0.65.Q1 EARNINGS PER SHARE ESTIMATE $0.64 -- REFINITIV IBES DATA.QTRLY HOMES CLOSED 1,765 UNITS VERSUS 1,725 UNITS.QTRLY HOME ORDERS 2,530 UNITS VERSUS 2,358 UNITS.QTRLY TOTAL CLOSING REVENUE $708.1 MILLION VERSUS $742.6 MILLION.MERITAGE HOMES - PROJECTING 2019 HOME CLOSINGS & TOTAL HOME CLOSING REVENUE OF ABOUT 8,200-8,700 AND $3.25-3.45 BILLION, RESPECTIVELY, FOR FULL YEAR.SEES FY 2019 EARNINGS PER SHARE ABOUT $4.65 TO $4.95.  Full Article

Meritage Homes Says Authorizes $100 Mln Share Repurchase Program
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Meritage Homes Corp ::AUTHORIZED A NEW SHARE REPURCHASE PROGRAM IN THE AMOUNT OF $100.0 MILLION.  Full Article

Meritage Homes Q4 Earnings Per Share $1.91
Thursday, 31 Jan 2019 

Jan 30 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS DILUTED EPS OF $5.58 FOR 2018, WITH 14% INCREASE IN PRE-TAX EARNINGS ON 11% GROWTH IN HOME CLOSINGS.Q4 EARNINGS PER SHARE $1.91.Q4 EARNINGS PER SHARE ESTIMATE $1.52 -- REFINITIV IBES DATA.QTRLY HOME ORDERS 1,653 UNITS VERSUS 1,795 UNITS.QTRLY HOMES CLOSED 2,505 UNITS VERSUS 2,253 UNITS.QTRLY TOTAL CLOSING REVENUE ABOUT $1 BILLION VERSUS $946.4 MILLION.Q4 REVENUE VIEW $958.9 MILLION -- REFINITIV IBES DATA.  Full Article