News headlines about Meritage Corporation (NYSE:MTH) have trended positive on Saturday, Alpha One Sentiment Analysis reports. The research firm, a service of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Meritage Corporation earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave media stories about the construction company an impact score of 48 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Meritage Corporation (MTH) traded down 0.62% during midday trading on Friday, hitting $40.25. 364,687 shares of the stock traded hands. The company’s 50 day moving average price is $40.00 and its 200-day moving average price is $37.31. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 11.18 and a beta of 1.54. Meritage Corporation has a 12-month low of $29.70 and a 12-month high of $41.75.
Meritage Corporation (NYSE:MTH) last announced its quarterly earnings results on Thursday, April 27th. The construction company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.14. The firm had revenue of $672.80 million for the quarter, compared to analysts’ expectations of $609.41 million. Meritage Corporation had a net margin of 4.90% and a return on equity of 10.94%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, equities research analysts expect that Meritage Corporation will post $3.68 EPS for the current year.
MTH has been the topic of a number of recent research reports. TheStreet raised shares of Meritage Corporation from a “c+” rating to a “b-” rating in a research note on Tuesday, March 28th. Zacks Investment Research raised shares of Meritage Corporation from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $37.00 price target on shares of Meritage Corporation in a research note on Thursday, April 27th. JMP Securities raised shares of Meritage Corporation from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, April 3rd. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $36.00 price target on shares of Meritage Corporation in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. Meritage Corporation has an average rating of “Hold” and an average target price of $39.39.
In other news, EVP Javier Feliciano sold 1,009 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total transaction of $35,869.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP C Timothy White sold 7,032 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $39.00, for a total transaction of $274,248.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,541 shares of company stock worth $620,318. Corporate insiders own 5.60% of the company’s stock.
Meritage Corporation Company Profile
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.
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