Meritage Homes Corp (NYSE: MTH) has reported E.P.S. of $5.41 for its third fiscal quarter (ending September 30) versus $6.06 for the same period a year ago — a decline of -11%. For the latest four quarters through September 30, E.P.S. were $22.37 versus $21.89 for the same period a year ago — an increase of 2%.
Recent Price Action
Meritage Homes Corp (NYSE: MTH) stock closed at $180.54 on 10/29/24 after a decline of -2.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 305% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MTH is expected to continue to be a Value Builder.
Meritage Homes has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Meritage Homes has a good Power Rating of 81 and a very high Appreciation Score of 88, 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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