Analysts Issue Forecasts for Meritage Homes FY2026 Earnings

Meritage Homes Corporation (NYSE:MTH) – Stock analysts at Zacks Research reduced their FY2026 EPS estimates for shares of Meritage Homes in a research note issued on Friday, October 9th. Zacks Research analyst Team now expects that the construction company will earn $5.00 per share for the year, down from their previous forecast of $5.01. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $4.94 per share. Zacks Research also issued estimates for Meritage Homes’ Q4 2027 earnings at $1.78 EPS, FY2027 earnings at $5.86 EPS, Q3 2028 earnings at $1.86 EPS and FY2028 earnings at $6.98 EPS.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $2.04 earnings per share. Meritage Homes’s revenue for the quarter was down 14.1% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Evercore set a $65.00 price target on Meritage Homes in a research report on Friday, September 25th. Melius Research started coverage on Meritage Homes in a research note on Tuesday, October 6th. They issued a “sell” rating and a $59.00 target price on the stock. Weiss Ratings cut Meritage Homes from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. The Goldman Sachs Group set a $82.00 target price on Meritage Homes and gave the stock a “buy” rating in a research report on Monday. Finally, Zelman & Associates downgraded shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Meritage Homes currently has an average rating of “Hold” and a consensus target price of $73.56.

Meritage Homes Stock Performance

Shares of Meritage Homes stock opened at $58.23 on Monday. The firm has a fifty day moving average of $67.11 and a two-hundred day moving average of $68.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.33 and a beta of 1.33. Meritage Homes has a 52 week low of $57.63 and a 52 week high of $85.38.

Meritage Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 15th. Meritage Homes’s dividend payout ratio is currently 40.17%.

Institutional Trading of Meritage Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bamco Inc. NY acquired a new stake in shares of Meritage Homes during the 2nd quarter worth $112,498,000. Bank of New York Mellon Corp bought a new stake in shares of Meritage Homes during the 2nd quarter worth approximately $68,873,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Meritage Homes by 16.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 675,770 shares of the construction company’s stock worth $41,790,000 after acquiring an additional 94,570 shares during the period. SummitTX Capital L.P. increased its stake in Meritage Homes by 16.1% in the first quarter. SummitTX Capital L.P. now owns 471,614 shares of the construction company’s stock valued at $29,165,000 after acquiring an additional 65,540 shares during the last quarter. Finally, Algert Global LLC raised its position in Meritage Homes by 267.8% during the second quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock valued at $29,861,000 after purchasing an additional 259,291 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

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 move-up buyers, offering homes in a range of floor plans, sizes and price points. Its communities typically feature energy-efficient designs and include standard features intended to improve home performance, comfort and affordability.

Meritage Homes develops communities in selected markets across the South, Southeast and West, including areas of Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee and Texas.