Meritage Homes Reports Third Quarter 2015 Results, Including a 10% Increase in Total Order Value With 21% Increases in Home Closing Revenue and Ending Backlog Value
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Go back to Meritage Homes Reports Third Quarter 2015 Results, Including a 10% Increase in Total Order Value With 21% Increases in Home Closing Revenue and Ending Backlog Value
November 2, 2015 7:17 AM EST
FBR Capital maintained a Market Perform rating on Meritage Homes (NYSE: MTH), and cut the price target to $40.00 (from $46.00), following the company's 3Q earnings results. Meritage reported EPS of $0.73 per share, which came in below consensus expectations of $0.77. This was toward the low end of management's... More
October 30, 2015 8:26 AM EDT
Evercore ISI downgraded Meritage Homes (NYSE: MTH) from Buy to Hold and removed its price target (prior $55.00).
For an analyst ratings summary and ratings history on Meritage Homes click here. For more ratings news on Meritage Homes click here.
Shares of Meritage Homes closed at $35.45 yesterday.
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October 29, 2015 8:51 AM EDT
Meritage Homes Corporation (NYSE: MTH) reported Q3 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $661.9 million versus the consensus estimate of $628.36 million.
Meritage Homes Corporation sees Q4 2015 EPS of $1.10-$1.35, versus the consensus of $1.51.
MANAGEMENT COMMENTS
"Our third quarter results reflect strong order growth in our east and west regions this year, which drove a 21% increase in our third quarter home closing revenue," said Steven J.... More
