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Meritage Homes Earnings Preview (MTH)

Meritage Homes Corporation  (MTH) 

Background: Meritage Homes Corporation engages in designing and building single-family detached homes. It provides various homes under the Meritage Homes and Monterey Homes names for a range of homebuyers, including first-time, move-up, luxury, and active adult buyers.

Strong fourth-quarter earnings growth is expected by Wall Street before the market opens on January 31, 2013. The consensus mean is 42 cents a share, a gain of 78 cents (185.7%) from -36 cents during the corresponding quarter last year. Analysts' estimates this quarter range from 30 cents, to a high of 52 cents per share.

Analysts are taking as much of a stand as our honorable politicians in Washington typically demonstrate on important issues. A hold can mean anything, but you may be well advised to consider holds as glorified sell ratings. It appears 10 out of 15 now rate the company a hold, while 4 recommend buying and 1 recommend selling. New investors from a year ago are happy, and smarter than some analysts rating this company a hold. The shares have move higher 58% over the last 52 weeks. Analysts are calling for a price target of $37.85.

(MTH)

(DHI)

(KBH)

(LEN)

Strong Buy

2

3

0

2

Moderate Buy Buy

2

5

5

8

Hold

10

12

16

14

Moderate Sell Ratings

0

1

2

0

Strong Sell Ratings

1

2

3

2

Avg Analyst Price Target

$37.85

$21.36

$14.78

$37.39

Operating Margin

2.89%

5.98%

-0.60%

8.50%

Revenue

1.18 billion

5.51 billion

1.99 billion

4.07 billion

Est Low EPS

0.30

0.12

-0.35

0.21

Est High EPS

0.52

0.19

-0.08

0.57

1 Year Stock Price Change

62.76%

52.36%

81.58%

85.88%

The current proportion sold short based on the float is 8.8%, and I find this much interest by short sellers worth looking at in more depth.


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Stock Tickers: MTH DHI KBH Author Disclosure: NA
Meritage Homes Corporation
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