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Meritage Homes (MTH)

(Real Time Quote from BATS)

$186.71 USD

+0.06 (0.03%)

Updated Nov 7, 2024 11:33 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	24.10%
2	Buy	17.80%
3	Hold	9.50%
4	Sell	2.70%
5	Strong Sell	2.70%
S&P	500	11.20%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score	A
Growth Score	A
Momentum Score	A
VGM Score	A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value D Growth B Momentum C VGM

Industry Rank:

Top 17% (43 out of 251)

Industry: Building Products - Home Builders

View All Zacks #1 Ranked Stocks

Research for MTH

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Revenue: Home closing [$M]		6,057	6,207	5,095	4,464	3,605
Revenue: Land closing [$M]		56	61	25	18	46
Revenue: Total closing revenue (H...		6,113	6,269	5,120	4,482	3,650
Revenue: Financial Services [$M]		25	23	21	19	16
Income - Line of Business	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Gross profit (loss): Home closing...		1,502	1,773	1,418	980	--
Gross profit (loss): Land closing...		4	12	-1	-21	--
Gross profit (loss): Total closin...		1,507	1,785	1,417	960	680
Gross profit (loss): Financial se...		12	18	18	16	21
NFM - Operating & Non Financial Metrics	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Home Closed Value - East Region [...		2,151	2,170	1,680	1,395	1,161
Home Closed Value - Central Regio...		1,799	1,835	1,501	1,274	1,034
Home Closed Value - West Region [...		2,107	2,202	1,914	1,795	1,410
Homes Ordered Value - East Region...		1,951	2,044	1,942	1,561	1,170
Homes Ordered Value - Total [$M]		5,676	5,256	5,797	5,175	3,684
Homes Ordered Value - West Region...		2,046	1,710	2,154	2,142	1,482
Order Backlog Value - Central Reg...		289	425	773	572	373
Order Backlog Value - East Region...		419	640	780	517	350
Order Backlog Value - West Region...		380	460	964	723	376
Homes closed - Central Region [#]		4,486	4,556	4,165	3,894	2,976
Homes ordered - East Region [#]		4,919	5,020	5,119	4,467	3,173
Order Backlog - West Region [#]		746	872	1,866	1,645	852
Order Backlog - Central Region [#...		768	963	1,878	1,630	1,048
Order Backlog - East Region [#]		1,035	1,497	1,935	1,397	882
Order Backlog - Average sales pri...		509	527	517	440	441
Order Backlog - Average sales pri...		377	442	412	351	356
Order Backlog - Average sales pri...		405	427	403	370	397
Active Communities - Ending - Wes...		78	94	78	60	73
Active Communities - Ending - Cen...		88	81	73	63	77
Active Communities - Ending - Eas...		104	96	108	72	94
Homes Ordered Value - Central Reg...		1,678	1,502	1,701	1,472	1,032
Home Closing Revenue - Average sa...		433	440	398	377	389
Home Orders - Average sales price...		430	447	420	377	383
Order Backlog - Average sales pri...		427	458	443	388	395
Homes closed - Total [#]		13,976	14,106	12,801	11,834	9,267
Homes ordered - Total [#]		13,193	11,759	13,808	13,724	9,616
Order Backlog - Total [#]		2,549	3,332	5,679	4,672	2,782
Order Backlog Value - Total [$M]		1,088	1,525	2,516	1,813	1,098
Active Communities - Ending - Tot...		270	271	259	195	244
Lots Supply (owned or controlled)...		64,313	63,182	75,049	--	--
Cancellation rate [%]		13	21	10	14	14
Home Closing Revenue - Average sa...		513	538	472	450	3,167
Home Closing Revenue - Average sa...		401	403	360	327	347
Home Closing Revenue - Average sa...		400	398	367	353	372
Home Orders - Average sales price...		514	552	504	329	436
Home Orders - Average sales price...		391	412	385	329	339
Home Orders - Average sales price...		397	407	379	350	369
Homes closed - West Region [#]		4,109	4,092	4,055	3,988	3,167
Homes closed - East Region [#]		5,381	5,458	4,581	3,952	3,124
Homes ordered - West Region [#]		3,983	3,098	4,276	4,781	3,400
Homes ordered - Central Region [#...		4,291	3,641	4,413	4,476	3,043

Revenue - Line of Business Segments	Qtr Estimate	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023
Revenue: Home closing [$M]		1,586	1,694	1,466	1,642	1,610
Revenue: Land closing [$M]		3	--	2	12	3
Revenue: Total closing revenue (H...		1,588	1,694	1,468	1,653	1,613
Revenue: Financial Services [$M]		8	8	6	7	6
Income - Line of Business	Qtr Estimate	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023
Gross profit (loss): Home closing...		393	440	378	413	430
Gross profit (loss): Land closing...		1	--	0	3	0
Gross profit (loss): Total closin...		393	440	378	416	430
Gross profit (loss): Financial se...		3	5	-1	6	6
NFM - Operating & Non Financial Metrics	Qtr Estimate	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023
Home Closed Value - East Region [...		574	612	523	613	552
Home Closed Value - Central Regio...		417	459	428	465	454
Home Closed Value - West Region [...		595	623	516	564	607
Homes Ordered Value - East Region...		538	616	568	432	549
Homes Ordered Value - Total [$M]		1,426	1,573	1,631	1,199	1,496
Homes Ordered Value - West Region...		521	557	581	374	521
Order Backlog Value - Central Reg...		224	278	342	289	370
Order Backlog Value - East Region...		421	464	463	419	609
Order Backlog Value - West Region...		286	367	440	380	580
Homes closed - Central Region [#]		1,174	1,265	1,167	1,242	1,102
Homes ordered - East Region [#]		1,414	1,585	1,511	1,116	1,390
Order Backlog - West Region [#]		598	751	902	746	1,179
Order Backlog - Central Region [#...		603	746	911	768	956
Order Backlog - East Region [#]		1,083	1,217	1,220	1,035	1,473
Order Backlog - Average sales pri...		--	489	488	--	492
Order Backlog - Average sales pri...		--	373	375	--	387
Order Backlog - Average sales pri...		--	381	379	--	413
Active Communities - Ending - Wes...		--	85	83	78	84
Active Communities - Ending - Cen...		--	76	80	88	82
Active Communities - Ending - Eas...		--	126	112	104	106
Homes Ordered Value - Central Reg...		--	400	482	392	425
Home Closing Revenue - Average sa...		402	411	418	415	443
Home Orders - Average sales price...		--	414	409	415	431
Order Backlog - Average sales pri...		406	409	410	415	432
Homes closed - Total [#]		3,942	4,118	3,507	3,951	3,638
Homes ordered - Total [#]		3,942	3,799	3,991	2,892	3,474
Order Backlog - Total [#]		2,284	2,714	3,033	2,549	3,608
Order Backlog Value - Total [$M]		932	1,110	1,244	1,088	1,559
Active Communities - Ending - Tot...		278	287	275	270	272
Lots Supply (owned or controlled)...		--	71,000	66,400	64,300	60,700
Cancellation rate [%]		--	10	8	--	11
Home Closing Revenue - Average sa...		86	492	509	--	518
Home Closing Revenue - Average sa...		72	363	366	--	411
Home Closing Revenue - Average sa...		120	385	394	--	404
Home Orders - Average sales price...		--	500	496	--	529
Home Orders - Average sales price...		--	364	368	--	387
Home Orders - Average sales price...		--	389	376	--	395
Homes closed - West Region [#]		1,220	1,265	1,014	1,155	1,172
Homes closed - East Region [#]		1,548	1,588	1,326	1,554	1,364
Homes ordered - West Region [#]		1,067	1,114	1,170	722	985
Homes ordered - Central Region [#...		1,031	1,100	1,310	1,054	1,099

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