Meritage Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $132.29
- Today's High:
- $136.11
- Open Price:
- $133.79
- 52W Low:
- $65.1025
- 52W High:
- $152.55
- Prev. Close:
- $134
- Volume:
- 310381
Company Statistics
- Market Cap.:
- $4.93 billion
- Book Value:
- 115.552
- Revenue TTM:
- $6.44 billion
- Operating Margin TTM:
- 16.32%
- Gross Profit TTM:
- $1.80 billion
- Profit Margin:
- 13.09%
- Return on Assets TTM:
- 11.56%
- Return on Equity TTM:
- 22.01%
Company Profile
Meritage Corporation had its IPO on 1988-07-20 under the ticker symbol MTH.
The company operates in the Consumer Cyclical sector and Residential Construction industry. Meritage Corporation has a staff strength of 1,921 employees.
Stock update
Shares of Meritage Corporation opened at $133.79 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $132.29 - $136.11, and closed at $132.81.
This is a -0.89% slip from the previous day's closing price.
A total volume of 310,381 shares were traded at the close of the day’s session.
In the last one week, shares of Meritage Corporation have slipped by -5.91%.
Meritage Corporation's Key Ratios
Meritage Corporation has a market cap of $4.93 billion, indicating a price to book ratio of 0.9135 and a price to sales ratio of 0.595.
In the last 12-months Meritage Corporation’s revenue was $6.44 billion with a gross profit of $1.80 billion and an EBITDA of $1.08 billion. The EBITDA ratio measures Meritage Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Meritage Corporation’s operating margin was 16.32% while its return on assets stood at 11.56% with a return of equity of 22.01%.
In Q2, Meritage Corporation’s quarterly earnings growth was a negative -25.8% while revenue growth was a positive 11%.
Meritage Corporation’s PE and PEG Ratio
- Forward PE
- 7.326
- Trailing PE
- 5.8901
- PEG
- 1.28
Its diluted EPS in the last 12-months stands at $22.75 per share while it has a forward price to earnings multiple of 7.326 and a PEG multiple of 1.28. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Meritage Corporation’s profitability.
Meritage Corporation stock is trading at a EV to sales ratio of 0.7312 and a EV to EBITDA ratio of 3.3089. Its price to sales ratio in the trailing 12-months stood at 0.595.
Meritage Corporation stock pays annual dividends of $0.54 per share, indicating a yield of 0.81% and a payout ratio of 3.56%.
Balance sheet and cash flow metrics
- Total Assets
- $6.07 billion
- Total Liabilities
- $662.00 million
- Operating Cash Flow
- $-13412000.00
- Capital Expenditure
- $12.24 million
- Dividend Payout Ratio
- 3.56%
Meritage Corporation ended 2024 with $6.07 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.07 billion while shareholder equity stood at $4.25 billion.
Meritage Corporation ended 2024 with $0 in deferred long-term liabilities, $662.00 million in other current liabilities, 368000.00 in common stock, $3.92 billion in retained earnings and $167.95 million in goodwill. Its cash balance stood at $1.16 billion and cash and short-term investments were $1.16 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.16 billion.
Meritage Corporation’s total current assets stands at $5.96 billion while long-term investments were $12.45 million and short-term investments were $0. Its net receivables were $210.07 million compared to accounts payable of $276.12 million and inventory worth $4.35 billion.
In 2024, Meritage Corporation's operating cash flow was $-13412000.00 while its capital expenditure stood at $12.24 million.
Comparatively, Meritage Corporation paid $0.04 in dividends in 2024.
Other key metrics
- Current Trading Price
- $132.81
- 52-Week High
- $152.55
- 52-Week Low
- $65.1025
- Analyst Target Price
- $173.86
Meritage Corporation stock is currently trading at $132.81 per share. It touched a 52-week high of $152.55 and a 52-week low of $152.55. Analysts tracking the stock have a 12-month average target price of $173.86.
Its 50-day moving average was $140.49 and 200-day moving average was $118.72 The short ratio stood at 2.36 indicating a short percent outstanding of 0%.
Around 199.3% of the company’s stock are held by insiders while 10186.5% are held by institutions.
Frequently Asked Questions About Meritage Corporation
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About
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company also offers title and escrow, mortgage, title insurance, and closing/settlement services to its homebuyers. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.