Q3 EPS Estimates for Meritage Homes Cut by Wolfe Research

Meritage Homes Corporation (NYSE:MTH - Free Report) - Equities researchers at Wolfe Research lowered their Q3 2026 earnings per share (EPS) estimates for Meritage Homes in a research report issued on Thursday, July 30th. Wolfe Research analyst T. Allinson now expects that the construction company will post earnings per share of $1.14 for the quarter, down from their prior forecast of $1.40. The consensus estimate for Meritage Homes' current full-year earnings is $5.00 per share. Wolfe Research also issued estimates for Meritage Homes' FY2027 earnings at $6.04 EPS.

Meritage Homes (NYSE:MTH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $2.04 EPS. The business's quarterly revenue was down 14.1% on a year-over-year basis.

A number of other brokerages also recently weighed in on MTH. The Goldman Sachs Group restated 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. Weiss Ratings upgraded shares of Meritage Homes from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, June 24th. Zelman & Associates downgraded shares of Meritage Homes from an "outperform" rating to a "neutral" rating in a research report on Tuesday, July 7th. UBS Group reaffirmed a "buy" rating and issued a $88.00 target price (up from $86.00) on shares of Meritage Homes in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target on Meritage Homes from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Meritage Homes currently has an average rating of "Hold" and an average target price of $79.25.

Meritage Homes Trading Up 0.6%

NYSE MTH opened at $74.95 on Thursday. The company has a market cap of $4.88 billion, a PE ratio of 15.68, a PEG ratio of 5.50 and a beta of 1.36. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 0.37. Meritage Homes has a 12 month low of $58.03 and a 12 month high of $85.38. The stock has a 50 day moving average of $74.28 and a 200-day moving average of $70.40.

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 dividend of $0.48 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.92 annualized dividend and a yield of 2.6%. Meritage Homes's dividend payout ratio (DPR) is 40.17%.

Insider Transactions at Meritage Homes

In other news, CAO Alison Sasser sold 1,273 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.11, for a total transaction of $79,066.03. Following the completion of the sale, the chief accounting officer owned 7,634 shares in the company, valued at $474,147.74. The trade was a 14.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Meritage Homes

A number of large investors have recently made changes to their positions in MTH. Norges Bank acquired a new stake in shares of Meritage Homes in the fourth quarter valued at approximately $63,053,000. Balyasny Asset Management L.P. grew its position in Meritage Homes by 58.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company's stock worth $95,299,000 after buying an additional 527,265 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Meritage Homes by 58.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company's stock worth $75,051,000 after acquiring an additional 391,297 shares during the period. Sophron Capital Management L.P. bought a new position in Meritage Homes during the 2nd quarter worth $17,613,000. Finally, Millennium Management LLC raised its holdings in Meritage Homes by 49.6% in the 4th quarter. Millennium Management LLC now owns 792,731 shares of the construction company's stock valued at $52,162,000 after acquiring an additional 262,928 shares in the last quarter. Institutional investors own 98.44% of the company's stock.

Trending Headlines about 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 some confidence in Meritage Homes’ longer-term earnings potential. Meritage Homes analyst estimates
• Positive Sentiment: Analysts at Wolfe Research and Keefe, Bruyette & Woods increased their Q4 2026 EPS estimates to $1.53 and $1.64, respectively, suggesting expectations for stronger results late in the year. Meritage Homes analyst estimates
• Neutral Sentiment: Investors are also assessing management’s Q2 earnings-call commentary and analysts’ questions, which may provide additional insight into demand trends, pricing, incentives and construction costs. The 5 Most Interesting Analyst Questions From Meritage Homes’s Q2 Earnings Call
• Negative Sentiment: Citizens JMP cut its Q3 2026 EPS forecast to $1.20 from $1.39 and lowered estimates for Q1 and Q2 2027 to $0.78 and $1.44, respectively. Its Q3 2027 estimate was also reduced to $1.47 from $1.52. Meritage Homes analyst estimates
• Negative Sentiment: Wolfe Research lowered Q3 2026 EPS to $1.14 from $1.40 and reduced FY2027 EPS to $6.04 from $6.82. Keefe, Bruyette & Woods made similar cuts, lowering Q3 2026 EPS to $1.16 from $1.52, FY2027 EPS to $5.95 from $6.51 and FY2028 EPS to $6.98 from $7.70. Meritage Homes analyst estimates

About Meritage Homes

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.

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