Deutsche Bank Upgrades Meritage Homes (MTH) to Buy
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Meritage Homes Corporation (MTH) Misses Q3 EPS by 3c, Revenues Miss
October 24, 2018 4:36 PM EDTMeritage Homes Corporation (NYSE: MTH) reported Q3 EPS of $1.33, $0.03 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $877.73 million versus the consensus estimate of $892.23 million.
We delivered another quarter of strong earnings performance with a 13% increase in pre-tax earnings, largely due to the success of our shift into the entry-level market over the past couple of years, said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. That performance resulted from a 10% increase in our third quarter home closings -- the second highest number of homes... More
