Meritage Corporation (MTH) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about Meritage Corporation (NYSE:MTH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Meritage Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8612762483001 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Meritage Corporation (NYSE MTH) traded down 0.10% during mid-day trading on Tuesday, hitting $47.90. The company’s stock had a trading volume of 59,545 shares. The company has a market cap of $1.93 billion, a PE ratio of 13.18 and a beta of 1.48. Meritage Corporation has a 12-month low of $29.70 and a 12-month high of $48.70. The stock has a 50-day moving average of $42.60 and a 200-day moving average of $41.13.
Meritage Corporation (NYSE:MTH) last released its earnings results on Tuesday, August 1st. The construction company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. The firm had revenue of $802.00 million during the quarter, compared to analyst estimates of $760.39 million. Meritage Corporation had a return on equity of 10.74% and a net margin of 4.94%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, equities research analysts forecast that Meritage Corporation will post $3.76 EPS for the current year.
Several research firms recently commented on MTH. Deutsche Bank AG increased their price objective on Meritage Corporation from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC reissued an “underweight” rating and issued a $38.00 price objective (up from $36.00) on shares of Meritage Corporation in a research note on Wednesday, August 2nd. BidaskClub downgraded Meritage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Meritage Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, July 5th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $38.00 price objective (up from $36.00) on shares of Meritage Corporation in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $41.13.
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In related news, EVP Javier Feliciano sold 1,009 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.55, for a total value of $35,869.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.
About Meritage Corporation
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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