MTH News and Press, Meritage Homes Corporation From 07/28/21

Meritage Homes (MTH): Q2 Non-GAAP EPS of $7.80 beats by $4.34; GAAP EPS of $4.36 beats by $1.04.Revenue of $1.26B (+22.3% Y/Y) beats by $120M.Shares +4.92%.Press Release For further details see: Meritage Homes EPS beats by $4.34, beats on revenue

SCOTTSDALE, Ariz., July 28, 2021 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported second quarter results for the period ended June 30, 2021. Summary Operating Results (unaudited) (Dollars in thousands, except per share amo...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

Meritage is about to generate a substantial amount of cash over the next few years. I am estimating $2B in FCF from 2021 to 2023. With only a $3.7B Enterprise Value, Meritage either has to put that cash to work with a massive share buyback, or they become a takeover target. Recent...

Freddie Mac's quarterly forecast indicates that the low mortgage rates that have supported the housing market throughout the pandemic are expected to increase later in the year, but just gradually."Of note, high house price growth has been buoyed by increased demand due to low mortgage rates,...

Redfin data indicates that seasonally-adjusted home sales dropped 1.2% M/M in June, marking the biggest drop on record through at least 2012; number of homes for sale fell to a record low, down 28% from prior year levels; contrary, it posted a 22% Y/Y growth while listings rose 8% Y/Y.A ...

Homebuilder Taylor Morrison is trading at 5x EPS as investors focus on tech and re-opening stocks. Notwithstanding rising inflation, interest rates are likely to remain low for long, aiding the housing market. The stock offers 50% upside. For further details see: Taylor ...

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips KB Home (NYSE: KBH ) seems set to rise much higher, especially since inventories are low and prices are rising. Moreover, KBH stock looks cheap on both an absolute basis — using historical dividend yield and pr...

These value picks mark the 21st portfolio formed since 2017 to evaluate the top-rated one-year buy/hold models of the Joseph Piotroski & Benjamin Graham value algorithms. The past 6 value portfolios have returned: Jan 2021 +42.4%, Jul 2020 +50.4%, Mar 2020 +22.2%, Jan 2020 +2.8%, ...