Q1 EPS Estimates for Meritage Homes Raised by Zacks Research

Meritage Homes Corporation (NYSE:MTH) – Zacks Research boosted their Q1 2027 EPS estimates for shares of Meritage Homes in a report issued on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the construction company will post earnings per share of $0.96 for the quarter, up from their previous forecast of $0.95. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $5.00 per share. Zacks Research also issued estimates for Meritage Homes’ Q2 2027 earnings at $1.60 EPS, Q3 2027 earnings at $1.72 EPS, Q4 2027 earnings at $1.82 EPS, FY2027 earnings at $6.10 EPS, Q1 2028 earnings at $1.19 EPS, Q2 2028 earnings at $1.96 EPS and FY2028 earnings at $7.36 EPS.

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

Other research analysts also recently issued reports about the company. Zelman & Associates downgraded Meritage Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings upgraded Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $93.00 price objective (up from $82.00) on shares of Meritage Homes in a research report on Friday, July 10th. UBS Group set a $86.00 price objective on Meritage Homes and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Truist Financial set a $80.00 target price on Meritage Homes and gave the company a “buy” rating in a research note on Thursday, April 16th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.22.

Meritage Homes Stock Up 2.8%

Shares of NYSE MTH opened at $77.25 on Wednesday. Meritage Homes has a 1 year low of $58.03 and a 1 year high of $85.38. The firm’s 50 day moving average price is $71.65 and its 200 day moving average price is $70.18. The firm has a market cap of $5.15 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 3.33 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.96 and a current ratio of 1.96.

Hedge Funds Weigh In On Meritage Homes

Hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its stake in shares of Meritage Homes by 63.9% during the 4th quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock valued at $25,000 after buying an additional 145 shares during the period. Essential Partners LLC raised its position in shares of Meritage Homes by 163.8% in the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock worth $25,000 after buying an additional 249 shares during the period. Larson Financial Group LLC raised its position in shares of Meritage Homes by 265.5% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock worth $29,000 after buying an additional 292 shares during the period. Brown Lisle Cummings Inc. acquired a new position in Meritage Homes in the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Meritage Homes by 194.9% in the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock valued at $47,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Insider Buying and Selling

In related news, CAO Alison Sasser sold 1,273 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were 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 of the company’s stock, valued at approximately $474,147.74. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Meritage Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s payout ratio is presently 35.23%.

Key Stories Impacting Meritage Homes

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

• Positive Sentiment: Zacks Research increased earnings estimates for Meritage Homes across multiple future quarters and full fiscal years, signaling slightly stronger profit expectations. MTH or NVR: Which Is the Better Value Stock Right Now?
• Positive Sentiment: The analyst firm upgraded Meritage Homes (MTH) from “strong sell” to “hold,” which may help ease bearish sentiment around the stock. Tickerreport.com article
• Neutral Sentiment: Zacks Research still keeps a Hold rating on the stock, so the latest moves do not amount to a full bullish call.
• Neutral Sentiment: The broader discussion compares MTH with NVR on valuation, but the headline takeaway is mainly that Meritage is being viewed as a potentially reasonable value stock rather than a standout buy.

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.