Meritage Homes (NYSE:MTH) Issues Q3 2026 Earnings Guidance

Meritage Homes (NYSE:MTH) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.100-1.300 for the period, compared to the consensus earnings per share estimate of 1.470. The company issued revenue guidance of -.

Analyst Ratings Changes

Several research firms have recently weighed in on MTH. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $93.00 target price (up from $82.00) on shares of Meritage Homes in a research report on Friday, July 10th. Wall Street Zen upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial set a $80.00 price target on Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Zacks Research raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.00.

Meritage Homes Stock Performance

NYSE MTH traded down $0.56 on Thursday, hitting $71.05. 1,313,770 shares of the stock were exchanged, compared to its average volume of 835,975. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.96 and a quick ratio of 1.96. The business’s fifty day moving average is $73.64 and its 200 day moving average is $70.52. Meritage Homes has a 52 week low of $58.03 and a 52 week high of $85.38. The company has a market capitalization of $4.74 billion, a PE ratio of 14.86, a P/E/G ratio of 3.17 and a beta of 1.35.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.08%. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 EPS. Research analysts anticipate that Meritage Homes will post 5 EPS for the current fiscal year.

Meritage Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In related news, CAO Alison Sasser sold 1,273 shares of Meritage Homes stock in a transaction dated 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 transaction, the chief accounting officer owned 7,634 shares in the company, valued at approximately $474,147.74. This trade represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.

Meritage Homes News Roundup

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Quarterly EPS beat estimates: Meritage Homes reported adjusted earnings of $1.42 per share, exceeding the $1.30 analyst consensus. The company also returned $131 million to shareholders through dividends and share repurchases and ended the quarter with $807 million in cash. Meritage Homes Surpasses Q2 Earnings Estimates
• Positive Sentiment: Management highlighted resilience: On the second-quarter earnings call, executives pointed to a growing community count, solid liquidity and continued shareholder returns as support for the business despite a difficult housing environment. Meritage Homes Earnings Call: Resilience Amid Margin Strain
• Neutral Sentiment: Institutional positioning was mixed: Recent filings showed 186 institutional investors adding MTH shares and 185 reducing positions, offering no clear directional signal. Insider activity was more cautious, with reported sales and no purchases over the past six months.
• Negative Sentiment: Revenue and operating trends deteriorated: Second-quarter revenue fell 14.1% year over year to approximately $1.41 billion, below the $1.43 billion consensus. Home closings declined 11% to 3,725, orders fell 9% to 3,575, and gross margin contracted 280 basis points to 18.3%. EPS also declined from $2.04 a year earlier. Meritage Homes Reports Second Quarter 2026 Results
• Negative Sentiment: Third-quarter guidance was below expectations: Meritage Homes projected EPS of $1.10 to $1.30 for the third quarter, versus analyst expectations of $1.47. Full-year 2026 home closing volume and revenue are expected to be about 5% below 2025 levels, reinforcing concerns about demand and margin pressure. Meritage Homes Q2 2026 Earnings Call Transcript

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC raised its stake in Meritage Homes by 265.5% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock valued at $29,000 after acquiring an additional 292 shares during the period. EverSource Wealth Advisors LLC boosted its position in Meritage Homes by 194.9% during the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after purchasing an additional 462 shares during the period. Kestra Advisory Services LLC bought a new position in Meritage Homes during the fourth quarter worth $49,000. CIBC Private Wealth Group LLC increased its holdings in shares of Meritage Homes by 23.1% in the third quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock valued at $104,000 after purchasing an additional 268 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Meritage Homes by 22.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,592 shares of the construction company’s stock valued at $106,000 after purchasing an additional 296 shares during the last quarter. 98.44% of the stock is currently owned by institutional investors.

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.