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GuruFocus has detected 2 Warning Signs with Meritage Homes Corp $MTH.
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Meritage Homes Corp (NYSE:MTH)
Non-Recurring Items
$37 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Meritage Homes Corp's non-recurring items for the three months ended in Dec. 2016 was $32 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $37 Mil.

As of today, Meritage Homes Corp's share price is $36.35. Meritage Homes Corp's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $3.55. Therefore, Meritage Homes Corp's P/E (NRI) ratio for today is 10.24.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Meritage Homes Corp Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was 0.126 (Mar. 2016 ) + 2.118 (Jun. 2016 ) + 1.875 (Sep. 2016 ) + 32.383 (Dec. 2016 ) = $37 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Meritage Homes Corp's P/E (NRI) Ratio for today is calculated as

Meritage Homes Corp's Share Price of today is $36.35.
Meritage Homes Corp's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was 0.5 (Mar. 2016 ) + 0.95 (Jun. 2016 ) + 0.88 (Sep. 2016 ) + 1.22 (Dec. 2016 ) = $3.55.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Meritage Homes Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income -160-141651-12-1272337

Meritage Homes Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income 2210-0-42702232
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