Edition:
United States

Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

40.30USD
3:04pm EDT
Change (% chg)

$-0.70 (-1.71%)
Prev Close
$41.00
Open
$40.95
Day's High
$40.95
Day's Low
$39.95
Volume
33,141
Avg. Vol
65,137
52-wk High
$44.40
52-wk Low
$29.75

Latest Key Developments (Source: Significant Developments)

Meritage Homes extends expiration of registered exchange offer to Sept 21, 2017
Friday, 15 Sep 2017 08:09am EDT 

Sept 15 (Reuters) - Meritage Homes Corp :Meritage Homes extends expiration of registered exchange offer to September 21, 2017.Meritage Homes Corp - ‍extended expiration date of its offer to exchange up to $300 million in aggregate principal amount of its 5.125 pct senior notes due 2027​.Meritage Homes Corp - to accept for exchange original notes validly tendered and not withdrawn prior to new expiration date of exchange offer at Sept 21​.  Full Article

Meritage Homes says minimal damage from Hurricane Irma to homes under construction in Meritage communities
Thursday, 14 Sep 2017 05:30pm EDT 

Sept 15 (Reuters) - Meritage Homes Corp :Meritage Homes Corp - minimal damage from Hurricane Irma has been identified to homes under construction in Meritage communities.  Full Article

Meritage Homes reports Q2 earnings per share $0.98
Tuesday, 1 Aug 2017 08:00am EDT 

Aug 1 (Reuters) - Meritage Homes Corp :Meritage Homes reports second quarter 2017 diluted eps of $0.98 on higher margins, with continued progress on strategic initiatives.Q2 earnings per share $0.98.Q2 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Q2 homes closed 1,906 units versus 1,950 units.Meritage Homes Corp - Q2 homes orders 2,153 units versus 2,073 units.Q2 home closing revenue $797.8 million versus $795.8 million.Meritage Homes Corp - on track to deliver approximately 7,600-8,000 homes and generate estimated total closing revenue of $3.2-3.4 billion for 2017.Meritage Homes Corp - expects about $230-250 million in FY pre-tax earnings.Q2 revenue view $763.3 million -- Thomson Reuters I/B/E/S.  Full Article

Meritage homes announces pricing of 5.125% senior unsecured notes due 2027
Monday, 22 May 2017 02:33pm EDT 

May 22 (Reuters) - Meritage Homes Corp :Meritage Homes announces pricing of 5.125% senior unsecured notes due 2027.Pricing of $300 million aggregate principal amount of 5.125% senior unsecured notes due June 6, 2027.Notes were sold at par.  Full Article

Meritage Homes Corp intends to use net proceeds from offering for repayment of outstanding borrowings
Monday, 22 May 2017 08:37am EDT 

May 22 (Reuters) - Meritage Homes Corp : :Meritage Homes announces offering of $300 million of senior unsecured notes due 2027.Meritage Homes Corp - intends to use net proceeds from offering for repayment of outstanding borrowings under company's unsecured revolving credit facility.  Full Article

Meritage Homes reports Q1 EPS $0.56
Thursday, 27 Apr 2017 08:00am EDT 

April 27 (Reuters) - Meritage Homes Corp :Q1 homes closed 1,581 units versus 1,488 units.Q1 homes orders 2,135 units versus 1,987 units.Reports first quarter 2017 diluted EPS of $0.56, increased community count and solid order growth.Q1 earnings per share $0.56.Q1 home closing revenue $660.6 million versus $595.6 million.Q1 earnings per share view $0.43, revenue view $612.1 million -- Thomson Reuters I/B/E/S.Says remains confident in its projections for 2017, including deliveries of approximately 7,500-7,900 homes.Says estimated total closing revenue of $3.1-3.3 billion for 2017.Says believes it can maintain gross margins consistent with 2016 while generating a 6-12 pct increase in pre-tax earnings.  Full Article

Meritage Homes CEO Steven Hilton's FY 2016 total compensation was $7.36 mln
Monday, 27 Mar 2017 01:28pm EDT 

Meritage Homes Corp :CEO Steven Hilton's FY 2016 total compensation was $7.36 million versus $5.53 million in FY 2015 - sec filing.  Full Article

Meritage Homes Q4 earnings per share $1.22
Wednesday, 1 Feb 2017 08:00am EST 

Meritage Homes Corp : Q4 earnings per share $1.22 . Q4 earnings per share view $1.14 -- Thomson Reuters I/B/E/S . Q4 homes closed 2,117 units versus 1,919 units . Meritage Homes Corp says home closing revenue increased to $876.1 million for q4 of 2016, compared to $761.4 million for Q4 of 2015 . Meritage homes corp says home closing gross margin of 17.9 percent in Q4 of 2016 was highest quarterly margin in 2016 . Q4 homes orders 1,493 units versus 1,568 units . Sees new home deliveries of approximately 7,500-7,900 for full year and total closing revenue of $3.1-3.3 billion .Says expect that to translate to slightly lower year-over-year order volume for Q1 of 2017.  Full Article

Meritage Homes exercised accordion feature under its unsecured revolving credit agreement
Friday, 23 Dec 2016 06:14am EST 

Meritage Homes Corp : Exercised accordion feature under its unsecured revolving credit agreement . Meritage Homes Corp - co had outstanding letters of credit totaling about $38 million, leaving $437 million available under credit agreement to be drawn . Increased total commitments by $40 million, from $500 million to $540 million .Meritage Homes Corp - as of date of increase, $65 million borrowings were outstanding under credit agreement.  Full Article

Meritage Homes reports Q2 earnings per share $0.95
Thursday, 28 Jul 2016 07:30am EDT 

Meritage Homes Corp : Qtrly homes closed 1,950 units versus 1,556 units . Qtrly home orders 2,073 units versus 1,986 units . Says Q2 orders for new homes increased 4% over prior year . Reiterating our projections for 2016 full year orders, closings, revenue and diluted earnings per share . Reports a 35% increase in home closing revenue and a 37% increase in net earnings, resulting in diluted eps of $0.95 for the second quarter 2016 . Q2 earnings per share $0.95 . Sees FY 2016 earnings per share $3.55 to $3.85 . Sees Q3 earnings per share $0.80 to $0.85 . Q2 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Meritage homes corp qtrly total closing revenue $797.9 million versus $597.8 million . Providing q3 projections, including approximately 1,600-1,800 orders . Expect home closing gross margins of approximately 17.5-18.0% for q3 and for year .Expect to deliver diluted eps of $0.80-0.85 for q3 and $3.55-3.85 for year.  Full Article

BRIEF-Meritage Homes extends expiration of registered exchange offer to Sept 21, 2017

* Meritage Homes extends expiration of registered exchange offer to September 21, 2017