Press coverage about Meritage Corporation (NYSE:MTH) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Meritage Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 47.9099517868045 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms have recently commented on MTH. Barclays PLC reiterated an “underweight” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Meritage Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Meritage Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, July 5th. Deutsche Bank AG increased their price objective on Meritage Corporation from $40.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded Meritage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Credit Suisse Group began coverage on Meritage Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $40.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.13.
Meritage Corporation (MTH) traded down 0.71% on Friday, reaching $42.25. The company had a trading volume of 164,086 shares. Meritage Corporation has a 12 month low of $29.70 and a 12 month high of $44.45. The stock has a 50 day moving average of $42.51 and a 200 day moving average of $39.15. The firm has a market capitalization of $1.70 billion, a PE ratio of 11.63 and a beta of 1.47.
Meritage Corporation (NYSE:MTH) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The company had revenue of $802 million during the quarter, compared to analyst estimates of $760.39 million. Meritage Corporation had a return on equity of 10.74% and a net margin of 4.94%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. On average, analysts anticipate that Meritage Corporation will post $3.80 EPS for the current year.
In other news, EVP Javier Feliciano sold 1,009 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.55, for a total transaction of $35,869.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.
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About Meritage Corporation
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.
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