Media headlines about Meritage Homes (NYSE:MTH) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of 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 -1 to 1, with scores closest to one being the most favorable. Meritage Homes earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.7550848862974 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of NYSE MTH traded down $0.80 during mid-day trading on Friday, hitting $42.80. The stock had a trading volume of 3,795 shares, compared to its average volume of 272,607. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Meritage Homes has a 1 year low of $38.80 and a 1 year high of $55.50. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.51 and a beta of 1.07.
Meritage Homes (NYSE:MTH) last issued its earnings results on Wednesday, July 25th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. Meritage Homes had a net margin of 5.21% and a return on equity of 12.17%. The company had revenue of $877.50 million for the quarter, compared to the consensus estimate of $825.47 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts anticipate that Meritage Homes will post 5.67 earnings per share for the current year.
Several brokerages recently commented on MTH. Zacks Investment Research downgraded shares of Meritage Homes from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Wedbush decreased their target price on shares of Meritage Homes from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. ValuEngine downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Citigroup reaffirmed a “buy” rating and issued a $55.00 target price on shares of Meritage Homes in a research note on Wednesday, June 27th. Finally, Wells Fargo & Co decreased their target price on shares of Meritage Homes from $57.00 to $49.00 and set a “market perform” rating on the stock in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.30.
About Meritage Homes
Meritage Homes Corporation 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 various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name.
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