EPS for Meritage Homes Corp (MTH) Expected At $0.92

October 13, 2017 - By Linda Rogers

 EPS for Meritage Homes Corp (MTH) Expected At $0.92
Investors sentiment decreased to 1.18 in 2017 Q2. Its down 0.50, from 1.68 in 2017Q1. It dived, as 20 investors sold Meritage Homes Corp shares while 42 reduced holdings. 29 funds opened positions while 44 raised stakes. 39.12 million shares or 0.65% more from 38.87 million shares in 2017Q1 were reported.
Credit Suisse Ag accumulated 26,277 shares or 0% of the stock. Great West Life Assurance Company Can accumulated 54,887 shares. Comerica National Bank & Trust owns 39,784 shares. South Dakota Council has invested 0.88% in Meritage Homes Corp (NYSE:MTH). Brandywine Investment Mgmt Lc owns 157,349 shares. Ubs Asset Management Americas has invested 0% in Meritage Homes Corp (NYSE:MTH). D E Shaw & Co has 0.01% invested in Meritage Homes Corp (NYSE:MTH). 68,212 were accumulated by California State Teachers Retirement Sys. Highland Capital L P reported 0.01% in Meritage Homes Corp (NYSE:MTH). Parkside Fin Commercial Bank And invested 0% of its portfolio in Meritage Homes Corp (NYSE:MTH). 41,753 were accumulated by Pinebridge Invs L P. Capstone Asset Co, a Texas-based fund reported 14,720 shares. 1.60 million are owned by Macquarie Gru Limited. Teachers Retirement System Of The State Of Kentucky invested in 14,742 shares. Amer Gru has 28,759 shares for 0% of their portfolio.

Since May 9, 2017, it had 0 insider purchases, and 2 insider sales for $584,411 activity. 7,032 shares were sold by WHITE C TIMOTHY, worth $274,248.

Analysts await Meritage Homes Corp (NYSE:MTH) to report earnings on October, 26. They expect $0.92 earnings per share, up 4.55 % or $0.04 from last year’s $0.88 per share. MTH’s profit will be $37.56M for 13.11 P/E if the $0.92 EPS becomes a reality. After $0.98 actual earnings per share reported by Meritage Homes Corp for the previous quarter, Wall Street now forecasts -6.12 % negative EPS growth. The stock increased 0.52% or $0.25 during the last trading session, reaching $48.25. About 214,632 shares traded. Meritage Homes Corp (NYSE:MTH) has risen 18.92% since October 13, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.

Meritage Homes Corp (NYSE:MTH) Ratings Coverage

Among 15 analysts covering Meritage (NYSE:MTH), 1 have Buy rating, 2 Sell and 12 Hold. Therefore 7% are positive. Meritage had 42 analyst reports since July 30, 2015 according to SRatingsIntel. Barclays Capital initiated Meritage Homes Corp (NYSE:MTH) on Friday, January 6 with “Underweight” rating. The company was maintained on Friday, April 28 by Wood. The stock of Meritage Homes Corp (NYSE:MTH) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, October 4. FBN Securities upgraded Meritage Homes Corp (NYSE:MTH) rating on Tuesday, January 5. FBN Securities has “Outperform” rating and $38.0 target. The stock of Meritage Homes Corp (NYSE:MTH) earned “Neutral” rating by JP Morgan on Monday, November 2. The stock of Meritage Homes Corp (NYSE:MTH) has “Hold” rating given on Tuesday, August 2 by Deutsche Bank. Credit Suisse downgraded the stock to “Underperform” rating in Monday, July 11 report. On Friday, September 11 the stock rating was upgraded by JP Morgan to “Neutral”. The company was maintained on Wednesday, August 2 by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, October 13.

Meritage Homes Corporation operates as a holding company. The company has market cap of $1.97 billion. The Firm is a designer and builder of single-family homes. It has a 13.33 P/E ratio. The Firm operates through two divisions: homebuilding and financial services.

More notable recent Meritage Homes Corp (NYSE:MTH) news were published by: Fool.com which released: “Meritage Homes Corp Builds Better Results on Strong Orders, New Communities” on May 01, 2017, also Globenewswire.com with their article: “Meritage Homes reports preliminary home closings, orders, and backlog for the …” published on October 03, 2017, Globenewswire.com published: “Meritage Homes Extends Expiration of Registered Exchange Offer to September 21 …” on September 15, 2017. More interesting news about Meritage Homes Corp (NYSE:MTH) were released by: Globenewswire.com and their article: “Meritage Homes to Include Advanced Wireless Home Automation Package in New Homes” published on July 05, 2017 as well as Globenewswire.com‘s news article titled: “Meritage Homes Announces Offering of $300 Million of Senior Unsecured Notes …” with publication date: May 22, 2017.

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