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Meritage Homes (MTH)

(Delayed Data from NYSE)

$165.07 USD

+10.38 (6.71%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $165.40 +0.33 (0.20%) 7:58 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
1	Strong Buy	24.20%
2	Buy	18.04%
3	Hold	9.52%
4	Sell	5.20%
5	Strong Sell	2.60%
S&P	500	11.13%

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3-Hold of 5 3

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

A Value A Growth B Momentum A VGM

Industry Rank:

Top 20% (49 out of 251)

Industry: Building Products - Home Builders

View All Zacks #1 Ranked Stocks

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Research for MTH

Annual Key Company Metrics
Quarterly Key Company Metrics

Revenue - Line of Business Segments	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Revenue: Home closing [$M]		6,057	6,207	5,095	4,464	3,605
Revenue: Land closing [$M]		56	61	25	18	46
Revenue: Total closing revenue (H...		6,113	6,269	5,120	4,482	3,650
Revenue: Financial Services [$M]		25	23	21	19	16
Income - Line of Business	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Gross profit (loss): Home closing...		1,502	1,773	1,418	980	--
Gross profit (loss): Land closing...		4	12	-1	-21	--
Gross profit (loss): Total closin...		1,507	1,785	1,417	960	680
Gross profit (loss): Financial se...		12	18	18	16	21
NFM - Operating & Non Financial Metrics	YR Estimate	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Home Closed Value - East Region [...		2,151	2,170	1,680	1,395	1,161
Home Closed Value - Central Regio...		1,799	1,835	1,501	1,274	1,034
Home Closed Value - West Region [...		2,107	2,202	1,914	1,795	1,410
Homes Ordered Value - East Region...		1,951	2,044	1,942	1,561	1,170
Homes Ordered Value - Total [$M]		5,676	5,256	5,797	5,175	3,684
Homes Ordered Value - West Region...		2,046	1,710	2,154	2,142	1,482
Order Backlog Value - Central Reg...		289	425	773	572	373
Order Backlog Value - East Region...		419	640	780	517	350
Order Backlog Value - West Region...		380	460	964	723	376
Homes closed - Central Region [#]		4,486	4,556	4,165	3,894	2,976
Homes ordered - East Region [#]		4,919	5,020	5,119	4,467	3,173
Order Backlog - West Region [#]		746	872	1,866	1,645	852
Order Backlog - Central Region [#...		768	963	1,878	1,630	1,048
Order Backlog - East Region [#]		1,035	1,497	1,935	1,397	882
Order Backlog - Average sales pri...		509	527	517	440	441
Order Backlog - Average sales pri...		377	442	412	351	356
Order Backlog - Average sales pri...		405	427	403	370	397
Active Communities - Ending - Wes...		78	94	78	60	73
Active Communities - Ending - Cen...		88	81	73	63	77
Active Communities - Ending - Eas...		104	96	108	72	94
Homes Ordered Value - Central Reg...		1,678	1,502	1,701	1,472	1,032
Home Closing Revenue - Average sa...		433	440	398	377	389
Home Orders - Average sales price...		430	447	420	377	383
Order Backlog - Average sales pri...		427	458	443	388	395
Homes closed - Total [#]		13,976	14,106	12,801	11,834	9,267
Homes ordered - Total [#]		13,193	11,759	13,808	13,724	9,616
Order Backlog - Total [#]		2,549	3,332	5,679	4,672	2,782
Order Backlog Value - Total [$M]		1,088	1,525	2,516	1,813	1,098
Active Communities - Ending - Tot...		270	271	259	195	244
Lots Supply (owned or controlled)...		64,313	63,182	75,049	--	--
Cancellation rate [%]		13	21	10	14	14
Home Closing Revenue - Average sa...		513	538	472	450	3,167
Home Closing Revenue - Average sa...		401	403	360	327	347
Home Closing Revenue - Average sa...		400	398	367	353	372
Home Orders - Average sales price...		514	552	504	329	436
Home Orders - Average sales price...		391	412	385	329	339
Home Orders - Average sales price...		397	407	379	350	369
Homes closed - West Region [#]		4,109	4,092	4,055	3,988	3,167
Homes closed - East Region [#]		5,381	5,458	4,581	3,952	3,124
Homes ordered - West Region [#]		3,983	3,098	4,276	4,781	3,400
Homes ordered - Central Region [#...		4,291	3,641	4,413	4,476	3,043

Revenue - Line of Business Segments	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Revenue: Home closing [$M]		1,466	1,642	1,610	1,543	1,262
Revenue: Land closing [$M]		2	12	3	24	17
Revenue: Total closing revenue (H...		1,468	1,653	1,613	1,567	1,279
Revenue: Financial Services [$M]		6	7	6	6	6
Income - Line of Business	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Gross profit (loss): Home closing...		378	413	430	377	282
Gross profit (loss): Land closing...		0	3	0	0	1
Gross profit (loss): Total closin...		378	416	430	377	284
Gross profit (loss): Financial se...		-1	6	6	-3	3
NFM - Operating & Non Financial Metrics	Qtr Estimate	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023
Home Closed Value - East Region [...		523	613	552	567	420
Home Closed Value - Central Regio...		428	465	454	457	425
Home Closed Value - West Region [...		516	564	607	519	417
Homes Ordered Value - East Region...		568	432	549	519	450
Homes Ordered Value - Total [$M]		482	1,199	1,496	1,475	1,507
Homes Ordered Value - West Region...		581	374	521	515	636
Order Backlog Value - Central Reg...		342	289	370	402	420
Order Backlog Value - East Region...		463	419	609	616	668
Order Backlog Value - West Region...		440	380	580	670	676
Homes closed - Central Region [#]		1,167	1,242	1,102	1,094	1,048
Homes ordered - East Region [#]		1,511	1,116	1,390	1,285	1,128
Order Backlog - West Region [#]		902	746	1,179	1,366	1,373
Order Backlog - Central Region [#...		911	768	956	959	988
Order Backlog - East Region [#]		1,220	1,035	1,473	1,447	1,561
Order Backlog - Average sales pri...		--	--	492	490	493
Order Backlog - Average sales pri...		--	--	387	419	425
Order Backlog - Average sales pri...		--	--	413	426	428
Active Communities - Ending - Wes...		83	78	84	98	96
Active Communities - Ending - Cen...		80	88	82	82	82
Active Communities - Ending - Eas...		112	104	106	111	100
Homes Ordered Value - Central Reg...		--	392	425	440	421
Home Closing Revenue - Average sa...		418	415	443	442	436
Home Orders - Average sales price...		409	415	431	442	432
Order Backlog - Average sales pri...		410	415	432	447	450
Homes closed - Total [#]		3,507	3,951	3,638	3,490	2,897
Homes ordered - Total [#]		3,991	2,892	3,474	3,340	3,487
Order Backlog - Total [#]		3,033	2,549	3,608	3,772	3,922
Order Backlog Value - Total [$M]		1,244	1,088	1,559	1,688	1,764
Active Communities - Ending - Tot...		275	270	272	291	278
Lots Supply (owned or controlled)...		66,400	64,300	60,700	60,000	75,100
Cancellation rate [%]		--	--	11	12	15
Home Closing Revenue - Average sa...		--	--	518	521	532
Home Closing Revenue - Average sa...		--	--	411	418	405
Home Closing Revenue - Average sa...		--	--	404	405	395
Home Orders - Average sales price...		--	--	529	521	495
Home Orders - Average sales price...		--	--	387	414	392
Home Orders - Average sales price...		--	--	395	404	399
Homes closed - West Region [#]		1,014	1,155	1,172	997	785
Homes closed - East Region [#]		1,326	1,554	1,364	1,399	1,064
Homes ordered - West Region [#]		1,170	722	985	990	1,286
Homes ordered - Central Region [#...		1,310	1,054	1,099	1,065	1,073

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