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Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

40.24USD
18 Jan 2019
Change (% chg)

$-0.18 (-0.45%)
Prev Close
$40.42
Open
$40.63
Day's High
$40.75
Day's Low
$39.93
Volume
97,022
Avg. Vol
162,450
52-wk High
$52.90
52-wk Low
$32.04

Latest Key Developments (Source: Significant Developments)

Meritage Homes Reports Third Quarter 2018 Diluted EPS Of $1.33
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS THIRD QUARTER 2018 DILUTED EPS OF $1.33; WITH A 13% INCREASE IN PRE-TAX EARNINGS ON 9% GROWTH IN HOME CLOSING REVENUE; CONTINUED EXPANSION INTO ENTRY-LEVEL MARKET REPRESENTS ONE-THIRD OF COMMUNITIES AND 43% OF THIRD QUARTER ORDERS.Q3 EARNINGS PER SHARE $1.33.Q3 EARNINGS PER SHARE VIEW $1.36 -- THOMSON REUTERS I/B/E/S.QTRLY HOMES CLOSED (UNITS) WAS 2,162 UNITS VERSUS 1,969 UNITS.QTRLY HOME ORDERS (UNITS) 1,828 UNITS VERSUS 1,874 UNITS.SEES APPROXIMATELY 8,300-8,500 HOME CLOSINGS AND TOTAL HOME CLOSING REVENUE OF $3.375-3.475 BILLION FOR FULL YEAR 2018.SEES EXPECT HOME CLOSING GROSS MARGIN FOR 2018 TO BE APPROXIMATELY 18%.QTRLY TOTAL CLOSING REVENUE $884.6 MILLION VERSUS $805.6 MILLION.SEES PRE-TAX EARNINGS OF $265-285 MILLION FOR 2018.Q3 EARNINGS PER SHARE VIEW $1.36, REVENUE VIEW $892.2 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $3.59 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Meritage Homes Q2 Earnings Per Share $1.31
Wednesday, 25 Jul 2018 

Meritage Homes Corp ::MERITAGE HOMES REPORTS SECOND QUARTER 2018 DILUTED EPS OF $1.31, UP 34% OVER PRIOR YEAR; 13% INCREASE IN PRE-TAX EARNINGS WITH 9% GROWTH IN HOME CLOSING REVENUE AND 60 BPS INCREASE IN HOME CLOSING GROSS MARGIN; STRONG DEMAND FOR ENTRY-LEVEL HOMES REPRESEN.Q2 EARNINGS PER SHARE $1.31.Q2 EARNINGS PER SHARE VIEW $1.11 -- THOMSON REUTERS I/B/E/S.QTRLY HOMES CLOSED 2,139 UNITS VERSUS 1,906 UNITS.QTRLY HOME ORDERS 2,250 UNITS VERSUS 2,153 UNITS.MAINTAINING PROJECTIONS FOR FY 2018 HOME CLOSINGS AND TOTAL HOME CLOSING REVENUE.MERITAGE HOMES - INCREASING PROJECTION FOR PRE-TAX EARNINGS TO $295-315 MILLION FOR THE YEAR.QTRLY TOTAL CLOSING REVENUE $877.5 MILLION VERSUS ABOUT $802 MILLION.  Full Article

Meritage Homes Corp Files For Potential Mixed Shelf Offering Size Not Disclosed - SEC Filing
Monday, 21 May 2018 

Meritage Homes Corp ::MERITAGE HOMES CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Meritage Homes Q3 earnings per share $1.02
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Meritage Homes Corp :Meritage homes reports third quarter 2017 diluted EPS of $1.02, with an 18 pct increase in pretax earnings driven by higher revenue and home closing margins.Q3 earnings per share $1.02.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.Meritage Homes Corp - ‍maintaining expectations for approximately $235-245 million in pre-tax earnings with full year 2017 gross margin in line with 2016​.Meritage Homes Corp - ‍expect to deliver approximately 7,600-7,800 homes and closing revenue of $3.15-$3.25 billion for year​.Meritage Homes Corp qtrly homes closed 1,969 units versus 1,800 units‍​.Meritage Homes Corp - ‍total orders for Q3 increased 8 pct year-over-year due to strong demand in texas and improved sales execution in east region​.Meritage Homes Corp qtrly home closing revenue $805 million versus $735.9 million.Meritage Homes Corp qtrly home orders 1,874 units versus 1,737 units.Meritage Homes Corp - ‍modestly reducing 2017 closings and revenue guidance while maintaining 2017 earnings expectations​.  Full Article

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Signs of relief emerge for battered U.S. homebuilding stocks

NEW YORK U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering.