Keefe, Bruyette & Woods Estimates Meritage Homes Q1 Earnings

Meritage Homes Corporation (NYSE:MTH) – Research analysts at Keefe, Bruyette & Woods issued their Q1 2027 earnings per share estimates for Meritage Homes in a research note issued on Friday, October 30th. Keefe, Bruyette & Woods analyst J. Rahmani anticipates that the construction company will earn $0.88 per share for the quarter. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ Q2 2027 earnings at $1.32 EPS.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group set a $82.00 target price on shares of Meritage Homes and gave the stock a “buy” rating in a report on Monday, October 12th. Wolfe Research cut shares of Meritage Homes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Evercore set a $65.00 price target on shares of Meritage Homes in a research report on Friday, September 25th. Melius Research started coverage on shares of Meritage Homes in a report on Tuesday, October 6th. They issued a “sell” rating and a $59.00 price objective for the company. Finally, Zelman & Associates lowered shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Meritage Homes currently has a consensus rating of “Hold” and an average target price of $72.44.

Meritage Homes Stock Performance

Shares of MTH stock opened at $67.13 on Wednesday. Meritage Homes has a one year low of $56.66 and a one year high of $85.38. The company’s 50-day moving average is $64.12 and its 200 day moving average is $68.92. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 5.24 and a beta of 1.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.72.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Meritage Homes had a return on equity of 6.69% and a net margin of 5.79%. Meritage Homes’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS.

Hedge Funds Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY purchased a new position in Meritage Homes during the second quarter valued at approximately $112,498,000. Bank of New York Mellon Corp bought a new position in shares of Meritage Homes in the second quarter worth approximately $68,873,000. Algert Global LLC increased its stake in shares of Meritage Homes by 267.8% in the second quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock worth $29,861,000 after purchasing an additional 259,291 shares in the last quarter. SummitTX Capital L.P. increased its stake in shares of Meritage Homes by 16.1% in the first quarter. SummitTX Capital L.P. now owns 471,614 shares of the construction company’s stock worth $29,165,000 after purchasing an additional 65,540 shares in the last quarter. Finally, Atlas FRM LLC purchased a new stake in shares of Meritage Homes in the second quarter worth $18,447,000. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. Meritage Homes’s payout ratio is 43.34%.

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.