On February 27, 2025, Meritage Homes Corporation announced that it has set the price for a public offering of $500 million in 5.650% Senior Notes due in 2035. These notes will pay interest twice a year and are set to mature on March 15, 2035. The offering is expected to close on March 6, 2025, pending standard closing conditions, and the company plans to use the funds for general corporate needs.
Companies may choose to split their stocks for various reasons. One reason is to lower the stock price, making it more accessible to a larger group of investors.
On February 20, 2025, Meritage Homes Corporation, the fifth-largest public homebuilder in the U.S., announced that its Board of Directors has approved a quarterly cash dividend of $0.43 for each share. The company is listed on the NYSE under the symbol MTH.
MTH has shown strong order growth and a record number of backlogged orders, indicating strong demand even in a challenging economic environment with high mortgage rates. The management's cautious guidance for FY25 suggests that they may exceed expectations, which is consistent with MTH's past performance. Their strategy of quickly moving in and actively acquiring land puts them in a good position for future growth, especially in the popular entry-level market.
Meritage Homes Corporation (NYSE:MTH) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 10:00 AM ET. The call will feature company representatives, including Emily Tadano, Steve Hilton, Phillippe Lord, and Hilla Sferruzza. Analysts from various firms, such as JPMorgan, UBS, and Goldman Sachs, will also participate in the discussion.
MTH's results for the fourth quarter of 2024 are supported by its approach of providing fast, affordable homes that are ready for immediate occupancy, along with efficient operations.
SCOTTSDALE, Ariz., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a top homebuilder in the U.S., has released its results for the fourth quarter and the entire year that ended on December 31, 2024.
MTH's performance in the fourth quarter of 2024 probably showed challenges in making profits, along with fewer deliveries and lower average selling prices.
Meritage (MTH) has the right mix of two important factors that could lead to a strong earnings report soon. Be ready for the main expectations.
Meritage (MTH) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.