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home / news releases / MTH - Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile

MTH - Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile

Meritage Homes Corporation

2024-05-07 09:21:30 ET

Summary

  • Meritage Homes Corporation reported strong 1Q24 earnings, with revenue and EBIT growth exceeding expectations.
  • The company raised its FY24 guidance, expecting growth in closings, homebuilding revenue, and gross margin.
  • MTH is benefiting from strong demand and is able to maintain pricing, indicating a healthy consumer base and resilience to mortgage rate increases.

Investment overview

For further details see:

Meritage Homes Corporation: Reiterate Buy Rating On Strong Demand Profile
Stock Information
Company Name: Meritage Homes Corporation
Stock Symbol: MTH
Market: NYSE
Website: meritagehomes.com
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