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Meritage Homes Corporation (MTH)

(Delayed Data from NYSE)

$90.15 USD

90.15
432,559

-2.15 (-2.33%)

Updated Nov 30, 2020 04:00 PM ET

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
1Strong Buy24.33%
2Buy17.77%
3Hold9.37%
4Sell4.88%
5Strong Sell1.79%
S&P50010.56%

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3-Hold of 5     3    

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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A Value A Growth C Momentum A VGM

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 3% (7 out of 254)

Industry: Building Products - Home Builders

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Balance Sheet

Research for MTH

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Meritage Homes Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Assets          
Cash & Equivalents 319 311 171 132 262
Receivables 88 77 79 70 57
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 51 51 60 86 88
Total Current Assets 459 440 310 288 407
Net Property & Equipment 2,795 2,797 2,804 2,455 2,132
Investments & Advances 4 17 17 17 11
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 26 26 35 53 59
Intangibles 0 0 0 0 0
Deposits & Other Assets 114 84 85 75 80
Total Assets 3,398 3,365 3,251 2,889 2,691
Liabilities & Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Notes Payable 0 0 0 0 0
Accounts Payable 155 128 141 141 106
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 226 178 181 171 161
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 24 29 34 28 36
Total Current Liabilities 405 335 356 340 304
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 1,266 1,095 1,104
Long-Term Debt 1,019 1,310 17 32 24
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 35 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,424 1,645 1,674 1,467 1,432
Shareholders Equity 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 505 502 585 573 559
Retained Earnings 1,468 1,219 992 849 699
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,974 1,721 1,577 1,422 1,259
Total Liabilities & Shareholder's Equity 3,398 3,365 3,251 2,889 2,691
Total Common Equity 1,974 1,721 1,577 1,422 1,259
Shares Outstanding 38.30 39.90 40.30 40.00 39.60
Book Value Per Share 51.54 43.13 39.13 35.54 31.79

Fiscal Year End for Meritage Homes Corporation falls in the month of December.

All items in Millions except Per Share data.

9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019
Assets          
Cash & Equivalents 610 485 797 319 455
Receivables 97 94 82 88 86
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 63 48 54 51 46
Total Current Assets 770 626 934 459 586
Net Property & Equipment 2,784 2,780 2,839 2,795 2,907
Investments & Advances 4 4 3 4 8
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 28 26 26 26 26
Intangibles 0 0 0 0 0
Deposits & Other Assets 102 106 113 114 108
Total Assets 3,687 3,542 3,914 3,398 3,635
Liabilities & Shareholders Equity 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 168 167 163 155 180
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 274 249 216 226 240
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 26 23 26 24 31
Total Current Liabilities 468 440 406 405 452
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,020 1,017 1,518 1,019 1,310
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,487 1,457 1,924 1,424 1,761
Shareholders Equity 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 460 454 451 505 509
Retained Earnings 1,739 1,630 1,539 1,468 1,365
Other Equity 0 0 0 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,200 2,085 1,991 1,974 1,874
Total Liabilities & Shareholder's Equity 3,687 3,542 3,914 3,398 3,635
Total Common Equity 2,200 2,085 1,991 1,974 1,874
Shares Outstanding 37.60 37.60 37.60 38.30 38.30
Book Value Per Share 58.51 55.44 52.95 51.54 48.92