Edition:
United States

Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

51.30USD
22 Nov 2017
Change (% chg)

$-0.10 (-0.19%)
Prev Close
$51.40
Open
$51.35
Day's High
$51.55
Day's Low
$50.55
Volume
33,809
Avg. Vol
69,748
52-wk High
$51.55
52-wk Low
$33.40

Latest Key Developments (Source: Significant Developments)

Meritage Homes Q3 earnings per share $1.02
Friday, 27 Oct 2017 07:30am EDT 

Oct 27 (Reuters) - Meritage Homes Corp :Meritage homes reports third quarter 2017 diluted EPS of $1.02, with an 18 pct increase in pretax earnings driven by higher revenue and home closing margins.Q3 earnings per share $1.02.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.Meritage Homes Corp - ‍maintaining expectations for approximately $235-245 million in pre-tax earnings with full year 2017 gross margin in line with 2016​.Meritage Homes Corp - ‍expect to deliver approximately 7,600-7,800 homes and closing revenue of $3.15-$3.25 billion for year​.Meritage Homes Corp qtrly homes closed 1,969 units versus 1,800 units‍​.Meritage Homes Corp - ‍total orders for Q3 increased 8 pct year-over-year due to strong demand in texas and improved sales execution in east region​.Meritage Homes Corp qtrly home closing revenue $805 million versus $735.9 million.Meritage Homes Corp qtrly home orders 1,874 units versus 1,737 units.Meritage Homes Corp - ‍modestly reducing 2017 closings and revenue guidance while maintaining 2017 earnings expectations​.  Full Article

MERITAGE HOMES SAYS PRELIMINARY HOME CLOSINGS INCREASED ABOUT 9% TO 1,969 IN Q3 2017
Tuesday, 3 Oct 2017 08:13am EDT 

Oct 3 (Reuters) - Meritage Homes Corp ::MERITAGE HOMES REPORTS PRELIMINARY HOME CLOSINGS, ORDERS, AND BACKLOG FOR THE THIRD QUARTER OF 2017.MERITAGE HOMES CORP - PRELIMINARY HOME CLOSINGS INCREASED APPROXIMATELY 9% TO 1,969 IN Q3 OF 2017 FROM 1,800 IN Q3 OF 2016.MERITAGE HOMES CORP - PRELIMINARY NET ORDERS INCREASED APPROXIMATELY 8% TO 1,874 IN Q3 FROM 1,737 IN SAME PERIOD OF 2016.MERITAGE HOMES CORP SEES ENDING BACKLOG INCREASED TO 3,333 UNITS AT END OF Q3 OF 2017, COMPARED TO 3,251 AT SEPTEMBER 30, 2016.MERITAGE HOMES CORP - TWO OF CO'S LARGEST DIVISIONS WERE SEVERELY IMPACTED BY HURRICANES IN Q3.MERITAGE HOMES - LOST TWO WEEKS OF PRODUCTION AND SALES IN HOUSTON DUE TO HURRICANES, WHICH DELAYED ABOUT 30-35 CLOSINGS & AS MANY AS 40 SALES DURING QUARTER.  Full Article

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

BRIEF-Meritage Homes Q3 earnings per share $1.02

* Meritage homes reports third quarter 2017 diluted EPS of $1.02, with an 18 pct increase in pretax earnings driven by higher revenue and home closing margins