Meritage Homes (NYSE:MTH – Get Free Report) posted its quarterly earnings data on Wednesday. The construction company reported $6.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.17 by $1.14, Briefing.com reports. Meritage Homes had a return on equity of 17.63% and a net margin of 12.54%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $5.02 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Meritage Homes updated its FY 2024 guidance to 19.800-21.000 EPS.
Meritage Homes Stock Performance
NYSE MTH traded up $3.22 on Thursday, hitting $194.74. The stock had a trading volume of 538,720 shares, compared to its average volume of 425,843. Meritage Homes has a one year low of $109.23 and a one year high of $205.20. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 8.93 and a beta of 1.80. The company’s 50-day moving average is $171.53 and its two-hundred day moving average is $166.12.
Meritage Homes Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, June 14th. Meritage Homes’s dividend payout ratio (DPR) is presently 13.99%.
Analyst Ratings Changes
View Our Latest Research Report on MTH
About Meritage Homes
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 entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
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