Meritage Corporation is a residential homebuilder that specializes in constructing energy-efficient homes in various markets across the United States
The company focuses on creating innovative housing solutions that cater to a range of buyers, from first-time homeowners to luxury home seekers. Meritage is committed to sustainability and quality, often incorporating advanced building techniques and materials to enhance the performance and comfort of its homes. In addition to homebuilding, the company emphasizes community development and seeks to provide desirable living environments through thoughtful planning and design.
Homebuilder Meritage Homes (NYSEMTH) announced better-than-expected revenue in Q4 CY2024, but sales fell by 2.8% year on year to $1.61 billion. On the other hand, the company’s full-year revenue guidance of $6.75 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP profit of $4.72 per share was significantly above analysts’ consensus estimates.
Consider MERITAGE HOMES CORP as a top value stock. NYSE:MTH shines in terms of profitability, solvency, and liquidity, all while remaining very reasonably priced.
Since June 2024, Meritage Homes has been in a holding pattern, posting a small return of 4.1% while floating around $177.01. The stock also fell short of the S&P 500’s 12.1% gain during that period.
Homebuilder stocks have rallied for much of the last year but recently dipped; is this an opportunity to buy or a correction of investor overzealousness?
Homebuilder Meritage Homes (NYSEMTH) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 1.9% year on year to $1.59 billion. On the other hand, next quarter’s revenue guidance of $1.55 million was less impressive, coming in 99.9% below analysts’ estimates. Its non-GAAP profit of $5.34 per share was 7.2% above analysts’ consensus estimates.
The homebuilder stocks have soared in 2024 as demand remained strong for new homes and in anticipation of mortgage rates falling and home sales rising.
Florida has its own unique selling propositions, leading to a flow of people into the Sunshine State, which in turn has proved healthy for housing and ancillary industries.
