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Meritage Homes (MTH)

(Delayed Data from NYSE)

$118.04 USD

118.04
298,048

+5.66 (5.04%)

Updated Dec 2, 2021 04:00 PM ET

Zacks Rank:

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 Buy25.42%
2Buy19.05%
3Hold10.68%
4Sell6.41%
5Strong Sell3.08%
S&P50011.42%

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1-Strong Buy of 5 1        

Style Scores:

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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B Value F Growth F Momentum F VGM

Industry Rank:

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 33% (84 out of 254)

Industry: Building Products - Home Builders

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Income Statements

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 EPS data.

12/31/20 12/31/19 12/31/18 12/31/17 12/31/16
Sales 4,501 3,667 3,529 3,241 3,042
Cost Of Goods 3,523 2,971 2,884 2,660 2,498
Gross Profit 979 696 644 581 544
Selling & Adminstrative & Depr. & Amort Expenses 450 389 371 338 330
Income After Depreciation & Amortization 529 307 273 243 214
Non-Operating Income 7 4 11 9 9
Interest Expense 2 8 1 4 5
Pretax Income 534 303 283 248 218
Income Taxes 110 53 56 104 69
Minority Interest 0 0 0 0 0
Investment Gains/Losses 0 0 0 0 0
Other Income/Charges 0 0 0 0 0
Income From Cont. Operations 423 250 227 143 150
Extras & Discontinued Operations 0 0 0 0 0
Net Income 423 250 227 143 150
Depreciation Footnote 12/31/20 12/31/19 12/31/18 12/31/17 12/31/16
Income Before Depreciation & Amortization 560 335 300 260 230
Depreciation & Amortization (Cash Flow) 31 28 27 17 16
Income After Depreciation & Amortization 529 307 273 243 214
Earnings Per Share Data 12/31/20 12/31/19 12/31/18 12/31/17 12/31/16
Average Shares 38.48 38.89 40.73 42.23 42.59
Diluted EPS Before Non-Recurring Items 11.00 6.42 5.58 3.88 3.55
Diluted Net EPS 11.00 6.42 5.58 3.41 3.55

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

All items in Millions except EPS data.

9/30/21 6/30/21 3/31/21 12/31/20 9/30/20
Sales 1,265.11 1,283.26 1,088.53 1,415.71 1,143.03
Cost Of Goods 887.47 932.63 816.58 1,092.39 894.01
Gross Profit 377.65 350.63 271.95 323.31 249.02
SG&A, R&D, and Dept/Amort Expenses 117.13 118.10 106.68 131.30 114.64
Income After SG&A, R&D, and Dept/Amort Expenses 260.52 232.53 165.27 192.01 134.38
Non-Operating Income 1.27 -16.81 0.80 3.35 1.19
Interest Expense 0.08 0.08 0.09 0.00 0.06
Pretax Income 261.71 215.65 165.98 195.37 135.51
Income Taxes 60.96 48.26 34.13 42.84 26.39
Minority Interest 0.00 0.00 0.00 0.00 0.00
Investment Gains/Losses 0.00 0.00 0.00 0.00 0.00
Other Income/Charges 0.00 0.00 0.00 0.00 0.00
Income From Cont. Operations 200.75 167.39 131.84 152.53 109.12
Extras & Discontinued Operations 0.00 0.00 0.00 0.00 0.00
Net Income 200.75 167.39 131.84 152.53 109.12
Earnings Per Share Data 9/30/21 6/30/21 3/31/21 12/31/20 9/30/20
Average Shares 38.23 38.38 38.34 38.41 38.41
Diluted EPS Before Non-Recurring Items 5.25 4.36 3.44 3.97 2.84
Diluted Net EPS 5.25 4.36 3.44 3.95 2.84