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Meritage Homes Corporation

$177.94

Earnings Summary

Revenue
$1474.75Mn
Net Profits
$186.02Mn
Net Profit Margins
12.61%
PE Ratio
8.3

Highlights

Revenue:

Meritage Homes Corporation’s revenue jumped 14.74% since last year same period to $1474.75Mn in the Q1 2024. On a quarterly growth basis, Meritage Homes Corporation has generated -11.31% fall in its revenue since last 3-months.

Net Profits:

Meritage Homes Corporation’s net profit jumped 41.67% since last year same period to $186.02Mn in the Q1 2024. On a quarterly growth basis, Meritage Homes Corporation has generated -6.45% fall in its net profits since last 3-months.

Net Profit Margins:

Meritage Homes Corporation’s net profit margin jumped 23.47% since last year same period to 12.61% in the Q1 2024. On a quarterly growth basis, Meritage Homes Corporation has generated 5.47% jump in its net profit margins since last 3-months.

PE Ratio:

Meritage Homes Corporation’s price-to-earnings ratio after this Q1 2024 earnings stands at 8.3.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Meritage Homes Corporation post its latest quarter earnings

EPS Estimate Current Quarter
5.18
EPS Estimate Current Year
5.18

Highlights

EPS Estimate Current Quarter:

Meritage Homes Corporation’s earning per share (EPS) estimates for the current quarter stand at 5.18 - a 47.16% jump from last quarter’s estimates.

EPS Estimate Current Year:

Meritage Homes Corporation’s earning per share (EPS) estimates for the current year stand at 5.18.

Key Ratios

Key ratios of the Meritage Homes Corporation post its Q1 2024 earnings

Earning Per Share (EPS)
5.06
Return on Assets (ROA)
0.1
Return on Equity (ROE)
0.18
Dividend Per Share (DPS)
0.75

Highlights

Earning Per Share (EPS):

Meritage Homes Corporation’s earning per share (EPS) jumped 42.94% since last year same period to 5.06 in the Q1 2024. This indicates that the Meritage Homes Corporation has generated 42.94% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Meritage Homes Corporation’s return on assets (ROA) stands at 0.1.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Meritage Homes Corporation’s return on equity (ROE) stands at 0.18.

Dividend Per Share (DPS):

Meritage Homes Corporation declared 0.75 dividend per share during the earnings announcement for Q1 2024.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-04-26
3.52
5.06
43.75%

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