FY2026 EPS Estimates for Meritage Homes Decreased by Analyst

Posted by Geri Gentry on Aug 7th, 2026

Meritage Homes Corporation (NYSE:MTH – Free Report) – Analysts at Citizens Jmp dropped their FY2026 earnings per share estimates for shares of Meritage Homes in a research note issued to investors on Thursday, July 30th. Citizens Jmp analyst J. Mccanless now anticipates that the construction company will earn $4.82 per share for the year, down from their prior estimate of $4.86. The consensus estimate for Meritage Homes’ current full-year earnings is $5.02 per share. Citizens Jmp also issued estimates for Meritage Homes’ Q4 2026 earnings at $1.62 EPS and Q4 2027 earnings at $1.82 EPS.

Meritage Homes (NYSE:MTH – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.Meritage Homes’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period last year, the firm posted $2.04 EPS.

Several other research analysts also recently commented on the stock. Bank of America decreased their price target on shares of Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research note on Monday, July 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $93.00 target price (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised shares of Meritage Homes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $79.25.

Check Out Our Latest Report on Meritage Homes

Meritage Homes Stock Down 3.5%

Shares of MTH opened at $72.31 on Friday. Meritage Homes has a 1 year low of $58.03 and a 1 year high of $85.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.96. The stock has a 50 day simple moving average of $74.42 and a two-hundred day simple moving average of $70.37. The firm has a market cap of $4.71 billion, a P/E ratio of 15.13, a P/E/G ratio of 5.51 and a beta of 1.36.

Institutional Investors Weigh In On Meritage Homes

Several institutional investors have recently added to or reduced their stakes in MTH. Salomon & Ludwin LLC grew its stake in Meritage Homes by 63.9% during the 4th quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Meritage Homes by 1.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 10,627 shares of the construction company’s stock worth $699,000 after purchasing an additional 158 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Meritage Homes by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 13,559 shares of the construction company’s stock worth $892,000 after purchasing an additional 164 shares during the period. Signaturefd LLC lifted its holdings in shares of Meritage Homes by 25.7% during the fourth quarter. Signaturefd LLC now owns 808 shares of the construction company’s stock worth $53,000 after purchasing an additional 165 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Meritage Homes by 2.0% during the first quarter. Glenmede Trust Co. NA now owns 9,223 shares of the construction company’s stock worth $570,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Insider Buying and Selling at Meritage Homes

In other news, CAO Alison Sasser sold 1,273 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.11, for a total value of $79,066.03. Following the transaction, the chief accounting officer owned 7,634 shares in the company, valued at approximately $474,147.74. This trade represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Meritage Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.48 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.92 annualized dividend and a yield of 2.7%. Meritage Homes’s payout ratio is presently 40.17%.

Key Stories Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

Positive Sentiment: Citizens JMP raised its FY2027 EPS forecast to $5.50 from $5.28, indicating the firm still expects earnings growth beyond the current year. The firm also projects $5.00 in current-year EPS. Meritage Homes analyst estimates
Positive Sentiment: Wolfe Research and Keefe, Bruyette & Woods increased their Q4 2026 EPS estimates to $1.53 and $1.64, respectively, suggesting expectations for stronger results later in the year. Meritage Homes analyst estimates
Neutral Sentiment: Meritage Homes recently exceeded quarterly EPS expectations, reporting $1.42 versus the $1.30 consensus estimate. However, revenue declined 14.1% year over year to $1.41 billion, below estimates, and EPS fell from $2.04 in the prior-year period. Meritage Homes quarterly results
Negative Sentiment: Citizens JMP cut its Q3 2026 EPS forecast to $1.20 from $1.39 and lowered estimates for Q1 and Q2 2027. Wolfe Research reduced its Q3 2026 forecast to $1.14 from $1.40, while Keefe, Bruyette & Woods cut its estimate to $1.16 from $1.52.
Negative Sentiment: Longer-term estimates also weakened: Wolfe Research lowered FY2027 EPS to $6.04 from $6.82, and Keefe, Bruyette & Woods reduced FY2027 EPS to $5.95 from $6.51 and FY2028 EPS to $6.98 from $7.70. These reductions outweighed the more limited positive revisions and helped explain the stock’s decline.

Meritage Homes Company Profile

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Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.