Q3 EPS Estimates for Meritage Homes Cut by Zacks Research

Key Points

• Analysts at Zacks Research have cut their Q3 2025 earnings per share estimate for Meritage Homes from $2.16 to $1.63.
• The company's latest earnings report showed an EPS of $2.04, exceeding analyst expectations of $1.99, despite a 4.6% revenue drop year-over-year.
• Various analysts have recently adjusted their price targets for Meritage Homes, with a consensus rating of "Moderate Buy" and an average price target of $91.13.

Meritage Homes Corporation (NYSE:MTH - Free Report) - Research analysts at Zacks Research reduced their Q3 2025 earnings per share estimates for Meritage Homes in a report issued on Wednesday, August 6th. Zacks Research analyst S. Mukherjee now expects that the construction company will earn $1.63 per share for the quarter, down from their prior forecast of $2.16. The consensus estimate for Meritage Homes' current full-year earnings is $9.44 per share. Zacks Research also issued estimates for Meritage Homes' Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $7.10 EPS, Q3 2026 earnings at $1.88 EPS, Q4 2026 earnings at $2.14 EPS, FY2026 earnings at $7.50 EPS, Q1 2027 earnings at $1.76 EPS and FY2027 earnings at $9.13 EPS.

Meritage Homes (NYSE:MTH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.05. Meritage Homes had a return on equity of 12.37% and a net margin of 10.27%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the company posted $3.15 earnings per share. The firm's quarterly revenue was down 4.6% compared to the same quarter last year.

MTH has been the subject of a number of other research reports. Keefe, Bruyette & Woods reduced their price objective on Meritage Homes from $77.00 to $75.00 and set a "market perform" rating for the company in a research note on Monday, July 28th. Wedbush reduced their price objective on Meritage Homes from $103.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. UBS Group set a $107.00 price objective on Meritage Homes in a research note on Friday, April 25th. Zelman & Associates upgraded Meritage Homes to a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Evercore ISI upped their price target on Meritage Homes from $97.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.13.

Meritage Homes Price Performance

Shares of NYSE MTH opened at $72.19 on Monday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.35. Meritage Homes has a twelve month low of $59.27 and a twelve month high of $106.99. The stock has a 50 day moving average of $68.71 and a two-hundred day moving average of $69.84. The stock has a market cap of $5.14 billion, a P/E ratio of 6.49 and a beta of 1.29.

Meritage Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.43 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.72 annualized dividend and a yield of 2.4%. Meritage Homes's dividend payout ratio is presently 15.47%.

Insider Buying and Selling at Meritage Homes

In other Meritage Homes news, Director Dennis V. Arriola acquired 2,200 shares of the business's stock in a transaction on Friday, July 25th. The stock was purchased at an average price of $70.00 per share, for a total transaction of $154,000.00. Following the completion of the transaction, the director owned 9,512 shares of the company's stock, valued at $665,840. The trade was a 30.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Keough acquired 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $66.16 per share, with a total value of $264,640.00. Following the transaction, the director directly owned 41,700 shares of the company's stock, valued at $2,758,872. This represents a 10.61% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its stake in Meritage Homes by 56.1% in the 4th quarter. LPL Financial LLC now owns 10,265 shares of the construction company's stock worth $1,579,000 after buying an additional 3,687 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Meritage Homes by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 144,416 shares of the construction company's stock worth $22,214,000 after buying an additional 4,378 shares during the last quarter. Bank of Montreal Can boosted its stake in Meritage Homes by 74.1% in the 4th quarter. Bank of Montreal Can now owns 15,908 shares of the construction company's stock worth $2,447,000 after buying an additional 6,772 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Meritage Homes by 56.2% in the 4th quarter. Renaissance Technologies LLC now owns 79,800 shares of the construction company's stock valued at $12,275,000 after purchasing an additional 28,700 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Meritage Homes in the 4th quarter valued at about $6,531,000. Hedge funds and other institutional investors own 98.44% of the company's stock.

About Meritage Homes

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

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