Meritage Homes reports first quarter 2019 diluted EPS of $0.65 with 7% increase in orders and 2% increase in closings on healthy demand for entry-level homes

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Go back to Meritage Homes reports first quarter 2019 diluted EPS of $0.65 with 7% increase in orders and 2% increase in closings on healthy demand for entry-level homes

Meritage Homes Corporation (MTH) Tops Q1 EPS by 1c, Revenues Beat; Offers FY19 EPS Mid-Point Guidance Above Consensus

April 23, 2019 4:32 PM EDT

Meritage Homes Corporation (NYSE: MTH) reported Q1 EPS of $0.65, $0.01 better than the analyst estimate of $0.64. Revenue for the quarter came in at $698.65 million versus the consensus estimate of $636.1 million.

Home buying activity improved throughout the first quarter of 2019, led by affordable entry-level and move-up homes, as buyers responded positively to lower interest rates and targeted incentives," said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. We believe the demand weve seen so far in the spring selling season reflects sustained positive macroeconomic factors for the housing industry.

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