Meritage Homes (MTH) Earns News Impact Rating of 0.14

News coverage about Meritage Homes (NYSE:MTH) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meritage Homes earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the construction company an impact score of 45.3113424006897 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

MTH has been the subject of a number of analyst reports. UBS Group reiterated a “neutral” rating and issued a $57.00 target price (up from $52.00) on shares of Meritage Homes in a research note on Wednesday. Zacks Investment Research upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Meritage Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Citigroup boosted their price objective on shares of Meritage Homes from $46.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.70.

Shares of Meritage Homes (NYSE MTH) opened at $52.65 on Thursday. The company has a market cap of $2,070.74, a price-to-earnings ratio of 13.93, a PEG ratio of 0.93 and a beta of 1.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.85. Meritage Homes has a 52 week low of $33.40 and a 52 week high of $55.50.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Friday, October 27th. The construction company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The business had revenue of $805.60 million for the quarter, compared to the consensus estimate of $827.40 million. Meritage Homes had a net margin of 5.04% and a return on equity of 10.81%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. sell-side analysts expect that Meritage Homes will post 3.8 earnings per share for the current fiscal year.

In other news, Director Robert Gary Sarver sold 12,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $50.47, for a total value of $605,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Javier Feliciano sold 1,009 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total value of $35,869.95. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

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About Meritage Homes

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.

Insider Buying and Selling by Quarter for Meritage Homes (NYSE:MTH)

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