Meritage Homes Corp (NYSE: MTH) has reported earnings for its first fiscal quarter (ending March 31) of $5.12 versus $3.58 for the same period a year ago. E.P.S. were $21.72 for the latest four quarters through March 31 versus $24.75 for the same period a year ago.
Recent Price Action
Meritage Homes Corp (NYSE: MTH) stock closed at $154.69 on 4/24/24 after a decline of -2.2%. This decline was accompanied by normal trading volume. The stock has risen 1.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MTH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Meritage Homes has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Meritage Homes has a very high Power Rating of 85 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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