MTH Stock Recent News

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I have a positive outlook for Meritage Homes Corporation, with a target price of $207. MTH has shown strong financial performance and has improved its balance sheet. Demand should remain steady if MTH can continue to provide financial incentives.

Meritage Homes Corporation (NYSE:MTH ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Emily Tadano - Vice President, Investor Relations and ESG Steve Hilton - Executive Chairman Phillippe Lord - Chief Executive Officer Hilla Sferruzza - Executive Vice President & Chief Financial Officer Conference Call Participants Truman Patterson - Wolfe Research Stephen Kim - Evercore ISI Mike Rehaut - JPMorgan John Lovallo - UBS Alan Ratner - Zelman & Associates Carl Reichardt - BTIG Susan Maklari - Goldman Sachs Joe Ahlersmeyer - Deutsche Bank Jay McCanless - Wedbush Securities Alex Barron - Housing Research Center Jade Rahmani - KBW Ken Zener - Seaport Research Partners Operator Greetings, and welcome to the Meritage Homes' Third Quarter 2023 Analyst Call. At this time, all participants are in a listen-only mode.

Meritage Homes' (MTH) third-quarter results reflect steady demand amid a lower gross margin, greater overhead costs and a higher tax rate.

While the top- and bottom-line numbers for Meritage (MTH) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The latest trading day saw Meritage Homes (MTH) settling at $110.86, representing a +0.28% change from its previous close.

In the latest trading session, Meritage Homes (MTH) closed at $118.69, marking a +1.49% move from the previous day.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Meritage Homes (MTH) expands its presence in Jacksonville, focusing on entry-level buyers.

We have narrowed our search to five homebuilders with strong upside left. These are: PHM, TOL, MDC, MTH, MHO.