Investors need to pay close attention to Meritage Homes stock based on the movements in the options market lately.
Meritage Homes Corporation (NYSE:MTH ) Q1 2025 Results Conference Call April 24, 2025 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Kim - Evercore Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS Carl Reichardt - BTIG Alex Barron - Housing Research Center Operator Greetings and welcome to the Meritage Homes First Quarter 2025 Analyst Call. At this time, all participants are in a listen-only mode.
MTH's first-quarter 2025 results hurt by reduced home closing revenues, compressed gross margins and an increase in the effective tax rate.
The headline numbers for Meritage (MTH) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Meritage Homes (MTH) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $1.71 per share. This compares to earnings of $2.53 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Meritage (MTH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Meritage Homes has grown earnings alongside other homebuilders based on surging housing prices amid a persisting housing shortage. The current industry outlook is weakened by higher mortgage rates and tariff uncertainty, but long-term housing market trends remain intact. As MTH's stock has declined due to temporary housing market concerns, the stock is now attractively valued. I estimate 54% upside to a fair value of $98.4.
Stock splits can be undertaken for several reasons. They can bring a stock's price down to make it more affordable for a wider range of investors.
MTH's strong order growth and record backlog conversion demonstrate robust demand, despite a tough macro backdrop and high mortgage rates. Management's conservative FY25 guidance sets the stage for potential outperformance, aligning with MTH's historical trend of beating expectations. MTH's quick move-in strategy and aggressive land acquisitions position it well for future growth, particularly in high-demand entry-level segments.
Meritage Homes Corporation (NYSE:MTH ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Rehaut - JPMorgan Alan Ratner - Zelman & Associates John Lovallo - UBS Trevor Allinson - Wolfe Research Stephen Kim - Evercore Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alex Barron - Housing Research Center Jade Rahmani - KBW Operator Greetings. Welcome to the Meritage Homes Fourth Quarter 2024 Analyst Call.
MTH's fourth-quarter 2024 results are backed by its strategy of readily delivering quick-turning, affordable move-in-ready homes and operational efficiency.