Q3 EPS Estimates for Meritage Homes Decreased by Analyst

Key Points

• Citizens Jmp cut its Q3 2027 EPS estimate for Meritage Homes to $1.52 (from $1.54) while maintaining a Market Outperform rating and a $90 price target; the consensus full‑year EPS is $5.64 and the stock’s average analyst target is $81.11 (Moderate Buy).
• Meritage recently missed quarterly estimates, reporting $0.86 EPS versus $0.98 expected and $1.12B in revenue (down 17.5% year‑over‑year), but increased its quarterly dividend to $0.48 (annualized $1.92, ~2.8% yield).
• Company insiders sold about 47,622 shares last quarter — including CEO Phillippe Lord’s sale of 32,820 shares — reducing insider ownership to roughly 2.5%.

Meritage Homes Corporation (NYSE:MTH - Free Report) - Equities researchers at Citizens Jmp lowered their Q3 2027 earnings per share estimates for Meritage Homes in a research report issued on Thursday, April 23rd. Citizens Jmp analyst J. Mccanless now anticipates that the construction company will post earnings of $1.52 per share for the quarter, down from their prior estimate of $1.54. Citizens Jmp has a "Market Outperform" rating and a $90.00 price objective on the stock. The consensus estimate for Meritage Homes' current full-year earnings is $5.64 per share. Citizens Jmp also issued estimates for Meritage Homes' FY2027 earnings at $5.28 EPS.

A number of other brokerages also recently weighed in on MTH. Keefe, Bruyette & Woods lowered their target price on Meritage Homes from $78.00 to $76.00 and set a "market perform" rating for the company in a report on Tuesday, February 3rd. Zacks Research upgraded Meritage Homes from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. Bank of America lowered their target price on Meritage Homes from $74.00 to $72.00 and set a "neutral" rating for the company in a report on Monday, April 20th. The Goldman Sachs Group restated a "buy" rating and set a $90.00 price objective on shares of Meritage Homes in a report on Tuesday, January 13th. Finally, Truist Financial set a $80.00 price objective on Meritage Homes and gave the company a "buy" rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Meritage Homes presently has an average rating of "Moderate Buy" and an average target price of $81.11.

Meritage Homes Trading Up 1.0%

Shares of MTH stock opened at $69.79 on Tuesday. The company has a market cap of $4.66 billion, a P/E ratio of 12.81, a PEG ratio of 1.60 and a beta of 1.50. The stock has a 50 day simple moving average of $67.25 and a two-hundred day simple moving average of $69.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.10 and a current ratio of 1.96. Meritage Homes has a fifty-two week low of $58.03 and a fifty-two week high of $84.74.

Meritage Homes (NYSE:MTH - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.12). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.55 billion. Meritage Homes had a return on equity of 8.08% and a net margin of 6.86%.The company's revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 earnings per share.

Meritage Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a dividend of $0.48 per share. This is a positive change from Meritage Homes's previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, March 17th. Meritage Homes's dividend payout ratio is presently 35.23%.

Insider Activity

In other news, CEO Phillippe Lord sold 32,820 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $76.49, for a total transaction of $2,510,401.80. Following the completion of the sale, the chief executive officer owned 260,389 shares in the company, valued at $19,917,154.61. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Javier Feliciano sold 3,580 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $76.24, for a total value of $272,939.20. Following the sale, the executive vice president owned 44,935 shares of the company's stock, valued at approximately $3,425,844.40. This represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 47,622 shares of company stock worth $3,640,273 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its position in shares of Meritage Homes by 63.9% during the fourth quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company's stock valued at $25,000 after buying an additional 145 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Meritage Homes by 265.5% during the third quarter. Larson Financial Group LLC now owns 402 shares of the construction company's stock valued at $29,000 after buying an additional 292 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Meritage Homes during the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Meritage Homes by 194.9% during the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company's stock valued at $47,000 after buying an additional 462 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Meritage Homes during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 98.44% of the company's stock.

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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