EPS for Meritage Homes Corporation (MTH) Expected At $1.11

July 13, 2018 - By Clifton Ray

Meritage Homes Corporation (NYSE:MTH) LogoInvestors sentiment increased to 1.78 in Q1 2018. Its up 0.39, from 1.39 in 2017Q4. It improved, as 18 investors sold Meritage Homes Corporation shares while 40 reduced holdings. 37 funds opened positions while 66 raised stakes. 37.41 million shares or 1.12% less from 37.83 million shares in 2017Q4 were reported.
Blackrock Inc holds 0.01% of its portfolio in Meritage Homes Corporation (NYSE:MTH) for 5.68 million shares. Proshare Advsr Lc accumulated 6,133 shares or 0% of the stock. California Public Employees Retirement stated it has 0% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Deutsche Bank Ag owns 297,398 shares or 0.01% of their US portfolio. Sei Invs Co, Pennsylvania-based fund reported 8,666 shares. Moreover, Amalgamated Retail Bank has 0.01% invested in Meritage Homes Corporation (NYSE:MTH). Products Prtn Limited Company has invested 0.18% in Meritage Homes Corporation (NYSE:MTH). Guggenheim Capital Ltd Liability Corp holds 30,067 shares. Geode Capital Lc stated it has 319,525 shares. Trexquant Inv L P holds 20,061 shares. Atlantic Tru Gru Limited Company holds 40,906 shares or 0.01% of its portfolio. Lsv Asset Mngmt invested 0.03% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Stratos Wealth Prtnrs Limited holds 0% or 100 shares in its portfolio. Millennium Mngmt Lc invested 0.11% of its portfolio in Meritage Homes Corporation (NYSE:MTH). Great West Life Assurance Co Can holds 0.01% or 48,431 shares in its portfolio.

Since February 12, 2018, it had 0 insider buys, and 8 sales for $1.56 million activity. On Tuesday, February 13 Lord Phillippe sold $24,272 worth of Meritage Homes Corporation (NYSE:MTH) or 537 shares. On Tuesday, February 13 Sferruzza Hilla sold $26,623 worth of Meritage Homes Corporation (NYSE:MTH) or 589 shares. On Monday, February 12 WHITE C TIMOTHY sold $331,452 worth of Meritage Homes Corporation (NYSE:MTH) or 7,333 shares.

Analysts expect Meritage Homes Corporation (NYSE:MTH) to report $1.11 EPS on August, 7.They anticipate $0.13 EPS change or 13.27 % from last quarter’s $0.98 EPS. MTH’s profit would be $45.12M giving it 10.42 P/E if the $1.11 EPS is correct. After having $1.07 EPS previously, Meritage Homes Corporation’s analysts see 3.74 % EPS growth. The stock increased 0.87% or $0.4 during the last trading session, reaching $46.25. About 219,031 shares traded. Meritage Homes Corporation (NYSE:MTH) has risen 13.33% since July 13, 2017 and is uptrending. It has outperformed by 0.76% the S&P500.

Meritage Homes Corporation (NYSE:MTH) Ratings Coverage

Among 11 analysts covering Meritage Corp (NYSE:MTH), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Meritage Corp had 16 analyst reports since January 17, 2018 according to SRatingsIntel. The company was upgraded on Friday, February 2 by Barclays Capital. On Friday, February 2 the stock rating was maintained by Bank of America with “Underperform”. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, March 21. The company was maintained on Friday, February 2 by JMP Securities. Credit Suisse upgraded the shares of MTH in report on Monday, January 22 to “Outperform” rating. As per Thursday, February 1, the company rating was maintained by Keefe Bruyette & Woods. Bank of America upgraded the shares of MTH in report on Monday, May 14 to “Buy” rating. Credit Suisse maintained it with “Outperform” rating and $53 target in Thursday, April 26 report. JMP Securities maintained Meritage Homes Corporation (NYSE:MTH) on Friday, April 27 with “Market Outperform” rating. On Wednesday, February 14 the stock rating was upgraded by Bank of America to “Neutral”.

Meritage Homes Corporation designs and manufactures single-family homes in the United States. The company has market cap of $1.88 billion. The firm operates through two divisions, Homebuilding and Financial Services. It has a 11.77 P/E ratio. It acquires and develops land; and constructs, markets, and sells homes for various homebuyers, including first-time, move-up, active adult, and luxury under the Meritage Homes and Monterey Homes brand names.

More news for Meritage Homes Corporation (NYSE:MTH) were recently published by: Bizjournals.com, which released: “Opendoor forges partnership with Phoenix home builders” on July 10, 2018. Globenewswire.com‘s article titled: “Meritage Homes Second Quarter 2018 Earnings Conference Call and Webcast Scheduled for July 26, 2018” and published on June 29, 2018 is yet another important article.

Meritage Homes Corporation (NYSE:MTH) Institutional Positions Chart

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