Meritage Homes Is Too Attractive To Ignore [Seeking Alpha]
Meritage Homes Corporation (MTH)
Last meritage homes corporation earnings: 4/28 04:30 pm
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US:NYSE Investor Relations:
investors.meritagehomes.com
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Source: Seeking Alpha
monsitj/iStock via Getty ImagesInvestment ThesisThe stock prices of most home builders, including Meritage Homes (NYSE:MTHrate hikes in the near future caused a ~200 bps increase in 30-year mortgage rates, which, combined with a ~20% increase in home prices YoY, resulted in a considerable decrease in affordability YoY.Despite decreasing affordability, demand remains strong, and builders are having difficulty meeting demand requirements. The current demand-supply mismatch is due to the underbuilding of homes between 2008 and 2020. As a result of relatively tight supply, I believe we will see a smaller impact on homebuilders this time compared to previous housing slowdowns. MTH is also planning to increase its community count to 300 by the middle of this year. This should partially offset the impact on revenues from any future demand slowdown due to rate hikes.Currently, MTH's tangible book value per share is ~$83 and consensus EPS estimates for this year and next year are $26.40 and $2
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MTH
News
- Scottsdale candidates racking up big bucks [Yahoo! Finance]Yahoo! Finance
- Meritage Homes: An Upgrade Heading Into Earnings On Strong Orders [Seeking Alpha]Seeking Alpha
- Will Weakness in Meritage Homes Corporation's (NYSE:MTH) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Meritage Homes (MTH) Stock? [Yahoo! Finance]Yahoo! Finance
- Meritage Homes (MTH) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
MTH
Earnings
- 1/31/24 - Beat
MTH
Sec Filings
- 4/1/24 - Form DEF
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- MTH's page on the SEC website