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How to buy Meritage Homes Corporation (MTH) stocks in Canada
Learn how to easily invest in Meritage Homes Corporation stocks.
Meritage Homes Corporation is a residential construction business based in the US. Meritage Homes Corporation stocks (MTH.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $96.51 – a decrease of 1.33% over the previous week. Meritage Homes Corporation employs 1,570 staff and has a trailing 12-month revenue of around $5.1 billion.
How to buy shares in Meritage Homes Corporation
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MTH – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in Meritage Homes Corporation?
- Has coronavirus impacted Meritage Homes Corporation shares?
- Meritage Homes Corporation shares summary
- Compare share dealing platforms
- Is Meritage Homes Corporation stock a buy or sell?
- Meritage Homes Corporation performance over time
- Are Meritage Homes Corporation shares over-valued?
- Meritage Homes Corporation's financials
- How volatile are Meritage Homes Corporation shares?
- Does Meritage Homes Corporation pay a dividend?
- Have Meritage Homes Corporation shares ever split?
- Other common questions
Meritage Homes Corporation stock price (NYSE:MTH)Use our graph to track the performance of MTH stocks over time.
Meritage Homes Corporation shares at a glance
|Latest market close||$100.46|
|52-week range||$79.00 - $125.01|
|50-day moving average||$115.27|
|200-day moving average||$105.86|
|Wall St. target price||$139.00|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$17.02|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Meritage Homes Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Meritage Homes Corporation price performance over time
|1 week (2022-01-21)||0.95%|
|1 month (2021-12-27)||-14.95%|
|3 months (2021-10-28)||-8.79%|
|6 months (2021-07-28)||4.98%|
|1 year (2021-01-28)||16.79%|
|2 years (2020-01-27)||47.84%|
|3 years (2019-01-25)||153.24%|
|5 years (2017-01-27)||172.25%|
Is Meritage Homes Corporation under- or over-valued?
Valuing Meritage Homes Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meritage Homes Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meritage Homes Corporation's P/E ratio
Meritage Homes Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Meritage Homes Corporation shares trade at around 6x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Meritage Homes Corporation's PEG ratio
Meritage Homes Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.28. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meritage Homes Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meritage Homes Corporation's EBITDA
Meritage Homes Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $903.6 million.
The EBITDA is a measure of a Meritage Homes Corporation's overall financial performance and is widely used to measure a its profitability.
Meritage Homes Corporation financials
|Revenue TTM||$5.1 billion|
|Operating margin TTM||17.32%|
|Gross profit TTM||$1 billion|
|Return on assets TTM||13.26%|
|Return on equity TTM||25.97%|
|Market capitalisation||$3.9 billion|
TTM: trailing 12 months
Meritage Homes Corporation share dividends
We're not expecting Meritage Homes Corporation to pay a dividend over the next 12 months.
Have Meritage Homes Corporation's shares ever split?
Meritage Homes Corporation's shares were split on a 2:1 basis on 9 January 2005. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Meritage Homes Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Meritage Homes Corporation shares which in turn could have impacted Meritage Homes Corporation's share price.
Meritage Homes Corporation share price volatility
Over the last 12 months, Meritage Homes Corporation's shares have ranged in value from as little as $79 up to $125.01. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Meritage Homes Corporation's is 1.6868. This would suggest that Meritage Homes Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Meritage Homes Corporation overview
Meritage Homes Corporation designs and builds single-family homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for first-time and first move-up buyers. The company also offers title insurance and closing/settlement services to its homebuyers. It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee under the Meritage Homes brand name. Meritage Homes Corporation was founded in 1985 and is based in Scottsdale, Arizona. .
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Meritage Homes Corporation in the news
Meritage Homes Corporation (MTH) CEO Phillippe Lord on Q4 2021 Results - Earnings Call Transcript
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Meritage Homes Corporation 2022 Q4 - Results - Earnings Call Presentation
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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