Meritage Homes MTH
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Meritage Homes (MTH) Business Model and Operations Summary
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, comprising ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments: homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services, and the financial services segment offers title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
Key Insights
Meritage Homes (MTH) Core Market Data and Business Metrics
Latest Closing Price
$71.08Market Cap
$5.09 BillionPrice-Earnings Ratio
13.26Total Outstanding Shares
71.77 Million SharesTotal Employees
1,898Dividend
$0.43 Per Share QuarterlyIPO Date
December 16, 1988SIC Description
Operative BuildersPrimary Exchange
New York Stock ExchangeHeadquarters
18655 North Claret Drive, Scottsdale, AZ, 85255
Historical Stock Splits
If you bought 1 share of MTH before January 3, 2025, you'd have 2 shares today.
Execution Date | Split Amount |
---|---|
January 3, 2025 | 2-for-1 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Net Cash Flow From Financing Activities, Continuing | $1.98 Million |
Net Cash Flow From Investing Activities | $-44.07 Million |
Net Cash Flow From Financing Activities | $1.98 Million |
Net Cash Flow From Operating Activities, Continuing | $-227.58 Million |
Net Cash Flow | $-269.67 Million |
Net Cash Flow, Continuing | $-269.67 Million |
Income Statement
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Income/Loss From Continuing Operations After Tax | $786.19 Million |
Income/Loss From Equity Method Investments | $9.22 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $0 |
Preferred Stock Dividends And Other Adjustments | $0 |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
Income Tax Expense/Benefit, Current | $207.13 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Comprehensive Income/Loss | $786.19 Million |
Other Comprehensive Income/Loss | $0 |
Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
Comprehensive Income/Loss Attributable To Parent | $786.19 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
Metric | Value |
---|---|
Equity | $5.14 Billion |
Equity Attributable To Parent | $5.14 Billion |
Equity Attributable To Noncontrolling Interest | $0 |
Noncurrent Liabilities | $0 |
Current Assets | $7.16 Billion |
Current Liabilities | $2.02 Billion |
Historical Dividends
Current dividend: $0.43 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Feb 20, 2025 | Mar 31, 2025 | Mar 17, 2025 | $0.43 | Quarterly |
Nov 21, 2024 | Dec 31, 2024 | Dec 17, 2024 | $0.75 | Quarterly |
Aug 29, 2024 | Sep 30, 2024 | Sep 16, 2024 | $0.75 | Quarterly |
May 16, 2024 | Jun 28, 2024 | Jun 14, 2024 | $0.75 | Quarterly |
Feb 22, 2024 | Mar 29, 2024 | Mar 15, 2024 | $0.75 | Quarterly |
Nov 16, 2023 | Dec 29, 2023 | Dec 15, 2023 | $0.27 | Quarterly |