Meritage Homes Corporation (MTH) is currently priced at $69.79, reflecting a marginal increase of 6 cents (0.086%) compared to the previous close of $69.73. The trading volume stands at $151,706, marking a 14.77% increase relative to the average.
The latest quarterly earnings report for MTH was released on Tuesday, April 21st, with a consensus estimate EPS of 1.02. Further details regarding revenue and profit margin figures are not available.
MTH offers a forward dividend yield of 2.75%, with a dividend per share MRQ of 48 cents. However, there has been a decrease of -42.6667 cents in the dividend per share year over year, now standing at $1.77 per share trailing twelve months.
The company's cash flow indicates a free cash flow of $97 million. Notably, there was no common stock issued, but $130 million was repurchased. The net change in cash for the period was -$8.53 million, with a closing cash balance of $766.63 million.
MTH's revenue for the period was $1.12 billion, with a gross profit of $193.80 million. Earnings per share (EPS) and diluted EPS both stand at 82 cents, with a net income of $55.31 million.
Key ratios for MTH include a gross profit margin of 17.46%, return on equity of 1.09, and a price-to-earnings ratio of 18.83.
The balance sheet reveals total assets of $7.55 billion, with total liabilities amounting to $2.46 billion. The company holds $766.63 million in cash and cash equivalents.
This report provides a snapshot of Meritage Homes Corporation's current financial status and performance in the market.
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family 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 first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona.