MTH

Meritage Homes Corp

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Advanced Chart

68.950

+1.250(+1.850%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

69.030

Open

68.010

VWAP

68.35

Vol

246.90K

Mkt Cap

4.86B

Low

67.700

Amount

16.88M

EV/EBITDA(TTM)

5.93

Total Shares

71.83M

5.65B

EV/OCF(TTM)

P/S(TTM)

0.78

Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. Its segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Financial Services segment offer title and escrow, mortgage, and insurance services. It has operations in three regions: West, Central and East, which are comprised of 10 states: Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding reporting segments. Its homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets. It also operates Carefree Title Agency, Inc., its wholly owned title company, which provides title insurance and closing/settlement services to its homebuyers in certain states.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.84B

+14.04%

2.413

-48.87%

1.74B

+9.45%

2.211

-17.2%

1.60B

-5.5%

2.002

-36.64%

Estimates Revision

The market is revising Downward the revenue expectations for Meritage Homes Corporation (MTH) for FY2025, with the revenue forecasts being adjusted by -1.18% over the past three months. During the same period, the stock price has changed by -6.82%.

Revenue Estimates for FY2025

Revise Downward

-1.18%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-12.16%

In Past 3 Month

Stock Price

Go Down

-6.82%

In Past 3 Month

8 Analyst Rating

25.55% Upside

Wall Street analysts forecast MTH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTH is 86.57 USD with a low forecast of 70.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

5 Hold

0 Sell

Moderate Buy

25.55% Upside

Current: 68.950

Low

70.00

Averages

86.57

High

107.00

25.55% Upside

Current: 68.950

Low

70.00

Averages

86.57

High

107.00

B of A Securities

Rafe Jadrosich

Strong Buy

Initiates

$82

2025-05-05

Reason

B of A Securities

Rafe Jadrosich

Price Target

$82

2025-05-05

Initiates

Strong Buy

Reason

JP Morgan

Michael Rehaut

Hold

Maintains

$89 → $70

2025-05-01

Reason

JP Morgan

Michael Rehaut

Price Target

$89 → $70

2025-05-01

Maintains

Hold

Reason

Keefe, Bruyette & Woods

Jade Rahmani

Hold

Maintains

$90 → $77

2025-04-28

Reason

Keefe, Bruyette & Woods

Jade Rahmani

Price Target

$90 → $77

2025-04-28

Maintains

Hold

Reason

Keefe Bruyette lowered the firm's price target on Meritage Homes to $77 from $90 and keeps a Market Perform rating on the shares.

Seaport Global

Kenneth Zener

Strong Sell

Hold

Upgrades

$70

2025-03-06

Reason

Seaport Global

Kenneth Zener

Price Target

$70

2025-03-06

Upgrades

Strong Sell

Hold

Reason

Seaport Research upgraded Meritage Homes to Neutral from Sell with a $70 price target.

Keefe, Bruyette & Woods

Jade Rahmani

Hold

Maintains

$97 → $90

2025-02-06

Reason

Keefe, Bruyette & Woods

Jade Rahmani

Price Target

$97 → $90

2025-02-06

Maintains

Hold

Reason

Keefe Bruyette analyst Jade Rahmani lowered the firm's price target on Meritage Homes to $90 from $97 and keeps a Market Perform rating on the shares. The firm sees a challenging environment for homebuilding, the analyst says.

Goldman Sachs

Susan Maklari

Strong Buy

Maintains

$118 → $100

2025-01-14

Reason

Goldman Sachs

Susan Maklari

Price Target

$118 → $100

2025-01-14

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Meritage Homes Corp (MTH.N) is 8.10, compared to its 5-year average forward P/E of 6.66. For a more detailed relative valuation and DCF analysis to assess Meritage Homes Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

6.66

Current PE

8.10

Overvalued PE

8.79

Undervalued PE

4.54

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

5.25

Current EV/EBITDA

7.20

Overvalued EV/EBITDA

6.81

Undervalued EV/EBITDA

3.69

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.76

Current PS

0.77

Overvalued PS

0.94

Undervalued PS

0.57