|Bid||93.50 x 100000|
|Ask||94.00 x 100000|
|Day's range||93.50 - 93.50|
|52-week range||63.50 - 98.50|
|Beta (5Y monthly)||1.70|
|PE ratio (TTM)||8.82|
|Earnings date||19 Oct 2021 - 25 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Meritage Homes (NYSE: MTH) surged nearly 13% last week, far outpacing the Dow Jones Industrial Average, which actually ended the week slightly down, after the homebuilder reported exceptionally strong second-quarter results. The impact is evident in Meritage Homes' performance, which saw the number of home orders decline 2% year over year, but prices were 18% higher. With lumber prices at unprecedented levels until only recently, the cost of building a home is rising, but leading to a shortage of housing despite rising demand.
MTH earnings call for the period ending June 30, 2021.
The home builder reported earnings. Results were strong and there were no signs of things slowing down.