Meritage Homes (NYSE:MTH – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.100-4.600 for the period, compared to the consensus estimate of 4.970. The company issued revenue guidance of -. Meritage Homes also updated its Q4 guidance to $4.10 to $4.60 EPS.
Meritage Homes Price Performance
MTH stock traded down $4.03 on Tuesday, reaching $180.45. The company had a trading volume of 1,044,273 shares, compared to its average volume of 407,118. Meritage Homes has a 1 year low of $109.23 and a 1 year high of $213.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.93 and a current ratio of 1.93. The company’s fifty day moving average is $196.91 and its 200 day moving average is $181.74. The company has a market cap of $6.55 billion, a P/E ratio of 7.72 and a beta of 1.80.
Meritage Homes Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.75 dividend. The ex-dividend date was Monday, September 16th. This represents a $3.00 annualized dividend and a yield of 1.66%. Meritage Homes’s dividend payout ratio (DPR) is presently 13.99%.
Analyst Upgrades and Downgrades
Insider Transactions at Meritage Homes
In related news, CFO Hilla Sferruzza sold 2,500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $205.00, for a total value of $512,500.00. Following the completion of the sale, the chief financial officer now directly owns 44,570 shares in the company, valued at approximately $9,136,850. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.
About Meritage Homes
Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached 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 entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
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