Q3 EPS Estimates for Meritage Homes Cut by Zacks Research

Meritage Homes Corporation (NYSE:MTH) – Analysts at Zacks Research decreased their Q3 2025 EPS estimates for shares of Meritage Homes in a research note issued to investors on Wednesday, August 6th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $1.63 for the quarter, down from their prior forecast of $2.16. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Zacks Research also issued estimates for Meritage Homes’ Q4 2025 earnings at $1.74 EPS, FY2025 earnings at $7.10 EPS, Q3 2026 earnings at $1.88 EPS, Q4 2026 earnings at $2.14 EPS, FY2026 earnings at $7.50 EPS, Q1 2027 earnings at $1.76 EPS and FY2027 earnings at $9.13 EPS.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.05. Meritage Homes had a net margin of 10.27% and a return on equity of 12.37%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the company posted $3.15 EPS. Meritage Homes’s revenue was down 4.6% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Meritage Homes from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. lowered their price target on shares of Meritage Homes from $70.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Bank of America started coverage on shares of Meritage Homes in a research note on Monday, May 5th. They set a “buy” rating and a $82.00 price objective for the company. Wedbush reduced their price objective on shares of Meritage Homes from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Finally, Evercore ISI raised their price objective on shares of Meritage Homes from $97.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Meritage Homes presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Meritage Homes Trading Down 0.7%

Shares of NYSE MTH opened at $71.65 on Monday. Meritage Homes has a 1 year low of $59.27 and a 1 year high of $106.99. The stock has a market cap of $5.10 billion, a P/E ratio of 6.44 and a beta of 1.29. The firm has a 50-day moving average of $68.88 and a 200 day moving average of $69.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.16 and a quick ratio of 2.16.

Meritage Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.43 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.4%. Meritage Homes’s payout ratio is currently 15.47%.

Insider Buying and Selling

In related news, Director Dennis V. Arriola purchased 2,200 shares of Meritage Homes stock in a transaction dated Friday, July 25th. The stock was purchased at an average cost of $70.00 per share, for a total transaction of $154,000.00. Following the completion of the purchase, the director directly owned 9,512 shares of the company’s stock, valued at $665,840. The trade was a 30.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Keough purchased 4,000 shares of Meritage Homes stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $66.16 per share, with a total value of $264,640.00. Following the completion of the purchase, the director directly owned 41,700 shares of the company’s stock, valued at approximately $2,758,872. This trade represents a 10.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Meritage Homes

A number of large investors have recently made changes to their positions in MTH. LPL Financial LLC grew its stake in shares of Meritage Homes by 56.1% in the fourth quarter. LPL Financial LLC now owns 10,265 shares of the construction company’s stock worth $1,579,000 after acquiring an additional 3,687 shares during the period. Envestnet Asset Management Inc. grew its position in Meritage Homes by 3.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 144,416 shares of the construction company’s stock valued at $22,214,000 after buying an additional 4,378 shares during the period. Bank of Montreal Can grew its position in Meritage Homes by 74.1% during the fourth quarter. Bank of Montreal Can now owns 15,908 shares of the construction company’s stock valued at $2,447,000 after buying an additional 6,772 shares during the period. Renaissance Technologies LLC grew its position in Meritage Homes by 56.2% during the fourth quarter. Renaissance Technologies LLC now owns 79,800 shares of the construction company’s stock valued at $12,275,000 after buying an additional 28,700 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Meritage Homes during the fourth quarter valued at approximately $6,531,000. 98.44% of the stock is currently owned by institutional investors.

About Meritage Homes

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.