Meritage Homes: Favourable Macro Backdrop And A Right Strategy In Place
I maintain a buy rating for Meritage Homes Corporation due to strong earnings growth outlook and favorable macro conditions, including tight housing supply and elevated mortgage rates. MTH's strategic focus on quick, move-in ready homes with a 60-day closing guarantee positions it well to capture demand in the current market. Risks include tighter regulations affecting home financing and supply chain pressures from increased new home construction.
Meritage Homes CEO: We fill a void in housing market with move-in ready homes
Phillippe Lord, Meritage Homes CEO, joins CNBC's 'The Exchange' to discuss what to expect in the upcoming year for home building.
Why Is Meritage (MTH) Up 6.6% Since Last Earnings Report?
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
Meritage Homes Corporation (MTH) Q3 2024 Earnings Call Transcript
Meritage Homes Corporation (NYSE:MTH ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations & ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President & Chief Financial Officer Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Alex Barron - Housing Research Center Jay McCanless - Wedbush Securities Operator Greetings, and welcome to the Meritage Homes Third Quarter 2024 Analyst Call. At this time, all participants are in a listen-only mode.
Meritage Homes' Q3 Earnings & Revenues Surpass Estimates
MTH's third-quarter 2024 results are backed by its strategy of readily delivering quick-turning and affordable move-in-ready homes.
Meritage Homes (MTH) Q3 Earnings and Revenues Top Estimates
Meritage Homes (MTH) came out with quarterly earnings of $5.34 per share, beating the Zacks Consensus Estimate of $5.05 per share. This compares to earnings of $5.98 per share a year ago.
Meritage Homes: Expect Value To Keep Building
Meritage Homes has shown significant stock performance, up 29.5% since April and 79.8% since January 2022, outperforming the S&P 500. Despite a potential decline in Q3 revenue and profits, Meritage Homes remains undervalued with strong fundamentals and a favorable market outlook. Revenue and profits have increased due to higher home closures, although average home prices have dropped, reflecting reduced costs and high interest rates.
Fortune Brands' Moen to be MTH's Exclusive Plumbing Partner
FBIN's recent partnership with Meritage Homes is set to solidify Moen's exceptional plumbing solutions.
Are You Looking for a Top Momentum Pick? Why Meritage Homes (MTH) is a Great Choice
Does Meritage Homes (MTH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Meritage Homes Corporation (MTH) Hits Fresh High: Is There Still Room to Run?
Meritage (MTH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Meritage Homes Stock Rises 9% in a Month: Still a Buy or Too Late?
Meritage Homes Corporation MTH stock has been rallying of late, gaining 8.8% over the past month. This Scottsdale, AZ-based company's shares have also performed a little better than the Zacks Building Products - Home Builders industry's 8.4% rise.
Why Is Meritage (MTH) Down 0.2% Since Last Earnings Report?
Meritage (MTH) reported earnings 30 days ago. What's next for the stock?
