Meritage Homes Corp. (NYSE: MTH) reported its fourth-quarter and fiscal-year 2016 earnings on Feb. 1, beating analyst expectations for profit. Yet following the company’s earnings release and conference call with investors, shares were trading down 5%, because of a couple of things that have created some uncertainty around the company’s ability to continue growing sales and profits.
Meritage’s long-term strategy includes targeting more first-time homebuyers. Image source: Getty Images.