Meritage Homes Q2 EPS Estimate Reduced by Zacks Research

Meritage Homes Corporation (NYSE:MTH) – Investment analysts at Zacks Research lowered their Q2 2026 earnings per share estimates for shares of Meritage Homes in a research report issued on Wednesday, May 6th. Zacks Research analyst Team now expects that the construction company will earn $1.30 per share for the quarter, down from their previous estimate of $1.75. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $5.10 per share. Zacks Research also issued estimates for Meritage Homes’ Q3 2026 earnings at $1.42 EPS, Q4 2026 earnings at $1.58 EPS, FY2026 earnings at $5.17 EPS, Q1 2027 earnings at $0.99 EPS, Q2 2027 earnings at $1.61 EPS, Q3 2027 earnings at $1.74 EPS, Q4 2027 earnings at $1.83 EPS, FY2027 earnings at $6.17 EPS, Q1 2028 earnings at $1.20 EPS and FY2028 earnings at $7.38 EPS.

MTH has been the topic of several other research reports. The Goldman Sachs Group reissued a “buy” rating and set a $90.00 target price on shares of Meritage Homes in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods decreased their target price on Meritage Homes from $78.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 3rd. Wall Street Zen lowered Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Truist Financial set a $80.00 price target on Meritage Homes and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Bank of America reduced their price target on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.89.

Meritage Homes Price Performance

MTH opened at $64.42 on Friday. The stock’s 50-day moving average price is $65.81 and its 200 day moving average price is $69.32. Meritage Homes has a 12-month low of $58.03 and a 12-month high of $84.74. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.82 and a beta of 1.43.

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

Meritage Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.92 dividend on an annualized basis and a yield of 3.0%. This is an increase from Meritage Homes’s previous quarterly dividend of $0.43. Meritage Homes’s dividend payout ratio is 35.23%.

Insider Buying and Selling at Meritage Homes

In other Meritage Homes news, EVP Javier Feliciano sold 3,580 shares of the stock in a transaction dated Monday, February 23rd. The stock was 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 $3,425,844.40. This trade represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Hilla Sferruzza sold 10,928 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $76.35, for a total value of $834,352.80. Following the completion of the sale, the chief financial officer directly owned 124,961 shares in the company, valued at $9,540,772.35. This represents a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,622 shares of company stock valued at $3,640,273 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTH. Norges Bank purchased a new position in shares of Meritage Homes in the 4th quarter valued at about $63,053,000. Capital World Investors increased its holdings in shares of Meritage Homes by 44.3% in the 3rd quarter. Capital World Investors now owns 1,987,850 shares of the construction company’s stock valued at $143,980,000 after acquiring an additional 609,866 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Meritage Homes by 58.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after acquiring an additional 527,265 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Meritage Homes by 58.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after acquiring an additional 391,297 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in shares of Meritage Homes in the 3rd quarter valued at about $21,729,000. 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.