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Meritage Homes Corp (MTH) Files 10-K for the Fiscal Year Ended on December 31, 2018

February 15, 2019 | About:

Meritage Homes Corp (NYSE:MTH) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Meritage Homes Corp is a designer and builder of single-family homes. The company offer homes that are designed to appeal to a wide range of homebuyers primarily focused on first-time and first move-up buyers. Its operations are spread across USA. Meritage Homes Corp has a market cap of $1.79 billion; its shares were traded at around $44.67 with a P/E ratio of 7.95 and P/S ratio of 0.50. Meritage Homes Corp had annual average EBITDA growth of 7.30% over the past five years.

For the last quarter Meritage Homes Corp reported a revenue of $1 billion, compared with the revenue of $950.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $3.5 billion, an increase of 8.9% from last year. For the last five years Meritage Homes Corp had an average revenue growth rate of 14.3% a year.

The reported diluted earnings per share was $5.58 for the year, an increase of 63.6% from previous year. Over the last five years Meritage Homes Corp had an EPS growth rate of 8.3% a year. The Meritage Homes Corp had an operating margin of 7.3%, compared with the operating margin of 7.07% a year before. The 10-year historical median operating margin of Meritage Homes Corp is 6.81%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Meritage Homes Corp has the cash and cash equivalents of $311.5 million, compared with $170.7 million in the previous year. The long term debt was $1.3 billion, compared with $1.3 billion in the previous year. The interest coverage to the debt is at a comfortable level of 328. Meritage Homes Corp has a financial strength rank of 7 (out of 10).

At the current stock price of $44.67, Meritage Homes Corp is traded at 19.7% discount to its historical median P/S valuation band of $55.61. The P/S ratio of the stock is 0.50, while the historical median P/S ratio is 0.64. The stock lost 5.72% during the past 12 months.

CFO Recent Trades:

  • CFO Hilla Sferruzza sold 750 shares of MTH stock on 02/13/2019 at the average price of $44.06. The price of the stock has increased by 1.38% since.

Directors and Officers Recent Trades:

  • Executive Vice President, COO Phillippe Lord sold 537 shares of MTH stock on 02/13/2019 at the average price of $45. The price of the stock has decreased by 0.73% since.
  • EVP - Gen. Counsel, Secretary C Timothy White sold 19,500 shares of MTH stock on 02/04/2019 at the average price of $45.07. The price of the stock has decreased by 0.89% since.

For the complete 20-year historical financial data of MTH, click here.


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