MTH News and Press, Meritage Homes Corporation From 11/15/22

Summary The US Housing Starts is cyclical with a 0.72 correlation with MTH's revenue. The Housing Starts had begun to decline and I expect MTH performance to follow. For a homebuilder you expect the Asset Value to be a good estimate of the intrinsic value. But we have not factored...

SCOTTSDALE, Ariz., Nov. 15, 2022 (GLOBE NEWSWIRE) -- The dream of homeownership just became a reality for three U.S. military veterans and their families thanks to Meritage Homes (NYSE:MTH) and Operation Homefront , who teamed up to gift each family a brand new, mortgage-free and en...

Summary In today's issue of the 1-Minute Market Report, I examine the market bounce since the October low, and highlight the areas of the market that are leading the way higher. On Thursday, for every stock that was down, there were 26 that were up. For the first time since August...

Meritage Homes Corporation (MTH) Q3 2022 Results Conference Call October 27, 2022 11:00 AM ET Company Participants Emily Tadano - VP, IR and ESG Phillippe Lord - CEO Hilla Sferruzza - EVP and CFO Conference Call Participants Stephen Kim - Evercore ISI...

Image source: The Motley Fool. Meritage Homes (NYSE: MTH) Q3 2022 Earnings Call Oct 27, 2022 , 11:00 a.m. ET Operator Continue reading For further details see: Meritage Homes (MTH) Q3 2022 Earnings Call Transcript

Meritage Homes press release ( NYSE: MTH ): Q3 GAAP EPS of $7.10 beats by $0.63 . Revenue of $1.57B (+25.6% Y/Y) misses by $60M . Outlook: "With a projected effective tax rate of 23.5%, we expect diluted EPS to be in the range of $6.50-7.40 for the fourth quart...

SCOTTSDALE, Ariz., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported third quarter results for the period ended September 30, 2022. Summary Operating Results (unaudited) (Dollars in thousands, except per share...

Summary Strong price gains have more than offset slight closing volume declines so far this year, although sequential price declines are beginning to seem likely. Getting rid of FY 2022 guidance should not instill confidence in investors; pay close attention to Q3 earnings that wi...

Summary With the latest index value of 38, the NAHB/Wells Fargo Housing Market Index is now nearly where it had been in May 2020 during the lockdown and below where it had been in February 2007, on the way down into Housing Bust 1. Traffic is a sign of interest among potential hom...

Summary With mortgage rates running higher unabated and mortgage demand decimated, homebuilder sentiment has continued to tank. As for the technical picture of homebuilder stocks, recent declines have been a bit healthier than the broader market. While homebuilder stocks have ...