Somewhat Positive Media Coverage Somewhat Unlikely to Impact Meritage Corporation (NYSE:MTH) Stock Price
News articles about Meritage Corporation (NYSE:MTH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meritage Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 47.6751929524357 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Meritage Homes Closes on 200-Acres in Orlando to Develop New 700-Home Community (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Meritage Homes Corp. (finance.yahoo.com)
- Meritage Homes Corporation (NYSE:MTH) Traded Significantly Above Its 50 Day Moving Average (highlightpress.com)
- Meritage Homes Distinguished with 2017 Avid Awards for Highest Customer Satisfaction Ratings (finance.yahoo.com)
- Critical Contrast: NVR (NVR) & Meritage Corporation (NYSE:MTH) (americanbankingnews.com)
Several analysts recently commented on the company. Bank of America Corporation reaffirmed an “underperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of Meritage Corporation in a research note on Wednesday, June 28th. Zacks Investment Research lowered Meritage Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Barclays PLC reissued an “underweight” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Meritage Corporation in a research note on Wednesday, August 2nd. Deutsche Bank AG boosted their price objective on Meritage Corporation from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub lowered Meritage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Meritage Corporation currently has a consensus rating of “Hold” and an average target price of $41.13.
Meritage Corporation (NYSE:MTH) traded up 0.35% during trading on Friday, reaching $42.60. The company’s stock had a trading volume of 228,646 shares. The stock has a market cap of $1.72 billion, a P/E ratio of 11.72 and a beta of 1.47. Meritage Corporation has a 1-year low of $29.70 and a 1-year high of $44.45. The company’s 50 day moving average price is $42.30 and its 200-day moving average price is $38.98.
Meritage Corporation (NYSE:MTH) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.23. Meritage Corporation had a return on equity of 10.74% and a net margin of 4.94%. The company had revenue of $802 million for the quarter, compared to the consensus estimate of $760.39 million. During the same quarter last year, the business posted $0.95 EPS. Meritage Corporation’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that Meritage Corporation will post $3.78 earnings per share for the current fiscal year.
In related news, EVP C Timothy White sold 7,500 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $41.36, for a total transaction of $310,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Javier Feliciano sold 1,009 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total value of $35,869.95. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
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About Meritage Corporation
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: 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.
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