Meritage Homes Corporation (NYSE:MTH – Free Report) – Stock analysts at Wolfe Research cut their Q4 2026 earnings per share (EPS) estimates for Meritage Homes in a research report issued to clients and investors on Thursday, October 29th. Wolfe Research analyst T. Allinson now expects that the construction company will post earnings per share of $0.87 for the quarter, down from their previous forecast of $1.33. Wolfe Research currently has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Wolfe Research also issued estimates for Meritage Homes’ FY2027 earnings at $4.48 EPS.
Meritage Homes (NYSE:MTH – Get Free Report) last released its earnings results on Wednesday, October 28th. The construction company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Meritage Homes had a return on equity of 6.69% and a net margin of 5.79%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was down 17.5% compared to the same quarter last year.
Several other research firms have also commented on MTH. Truist Financial lowered their price target on shares of Meritage Homes from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, October 30th. UBS Group decreased their price objective on Meritage Homes from $88.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 30th. Melius Research initiated coverage on Meritage Homes in a research note on Tuesday, October 6th. They issued a “sell” rating and a $59.00 target price on the stock. Zacks Research cut Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. Finally, Evercore set a $65.00 price target on Meritage Homes in a research report on Friday, September 25th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Meritage Homes has an average rating of “Hold” and an average target price of $72.44.
Get Our Latest Report on Meritage Homes
Meritage Homes Stock Performance
Shares of NYSE MTH opened at $73.40 on Thursday. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 5.09 and a beta of 1.31. Meritage Homes has a 12 month low of $56.66 and a 12 month high of $85.38. The company has a 50 day simple moving average of $64.12 and a two-hundred day simple moving average of $68.90. The company has a current ratio of 1.72, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.
Meritage Homes Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.48 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Meritage Homes’s dividend payout ratio is 43.34%.
Institutional Investors Weigh In On Meritage Homes
Institutional investors have recently modified their holdings of the business. Essential Partners LLC lifted its position in shares of Meritage Homes by 163.8% during the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. Parallel Advisors LLC grew its stake in Meritage Homes by 88.0% in the 3rd quarter. Parallel Advisors LLC now owns 487 shares of the construction company’s stock valued at $31,000 after acquiring an additional 228 shares during the period. Salomon & Ludwin LLC increased its holdings in Meritage Homes by 106.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 573 shares of the construction company’s stock worth $36,000 after acquiring an additional 296 shares in the last quarter. IFP Advisors Inc increased its holdings in Meritage Homes by 767.6% in the 2nd quarter. IFP Advisors Inc now owns 616 shares of the construction company’s stock worth $52,000 after acquiring an additional 545 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in Meritage Homes in the 3rd quarter worth $39,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.
Meritage Homes News Roundup
Here are the key news stories impacting Meritage Homes this week:
- Neutral Sentiment: Citizens JMP and Keefe, Bruyette & Woods issued forecasts extending into 2028. Although their FY2028 estimates of $5.40 and $5.58 per share, respectively, are above the current-year consensus of $4.86, both firms also lowered earlier projections for several periods. Meritage Homes analyst estimates
- Negative Sentiment: Multiple analysts cut estimates for upcoming quarters and fiscal years. Citizens JMP reduced its FY2027 forecast from $5.50 to $4.25 per share and its Q4 2026 estimate from $1.62 to $0.70. Keefe, Bruyette & Woods lowered its FY2027 estimate from $5.95 to $4.59, while Wolfe Research cut its FY2027 forecast from $5.86 to $4.48. Analyst estimate reductions
- Negative Sentiment: Melius Research made especially steep reductions: its FY2027 EPS forecast fell from $4.69 to $2.94, and its FY2028 forecast from $5.91 to $3.71. The firm maintains a Sell rating and a $59 price target, adding to the bearish signal. Melius Research forecast cuts and rating
About Meritage Homes
Meritage Homes Corporation is a residential construction company that designs and builds single-family homes in the United States. The company primarily serves entry-level and first-time homebuyers, offering homes in a range of floor plans and communities designed around affordability, energy efficiency and modern features.
Meritage Homes sells homes through its own communities and provides related services, including land acquisition and development, home design, construction, sales and customer support.
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