Q3 EPS Estimates for Meritage Homes Lowered by Analyst

Meritage Homes Corporation (NYSE:MTH) – Analysts at Keefe, Bruyette & Woods reduced their Q3 2026 EPS estimates for Meritage Homes in a research note issued to investors on Monday, August 3rd. Keefe, Bruyette & Woods analyst J. Rahmani now anticipates that the construction company will post earnings of $1.16 per share for the quarter, down from their prior forecast of $1.52. The consensus estimate for Meritage Homes’ current full-year earnings is $5.00 per share. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ FY2027 earnings at $5.95 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 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 earnings per share.

A number of other equities research analysts have also recently commented on MTH. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial set a $80.00 price objective on shares of Meritage Homes and gave the company a “buy” rating in a research note on Thursday, April 16th. Zelman & Associates cut shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.25.

Meritage Homes Trading Up 0.6%

Shares of MTH opened at $74.95 on Thursday. Meritage Homes has a 52-week low of $58.03 and a 52-week high of $85.38. The stock has a market cap of $4.88 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 5.50 and a beta of 1.36. The firm’s fifty day moving average is $74.28 and its two-hundred day moving average is $70.40. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On Meritage Homes

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Meritage Homes by 134.3% in the 1st quarter. Royal Bank of Canada now owns 38,658 shares of the construction company’s stock valued at $2,740,000 after buying an additional 22,162 shares during the period. AQR Capital Management LLC raised its position in shares of Meritage Homes by 51.7% during the 1st quarter. AQR Capital Management LLC now owns 12,937 shares of the construction company’s stock valued at $917,000 after buying an additional 4,407 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Meritage Homes by 58.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after buying an additional 391,297 shares during the period. Empowered Funds LLC lifted its holdings in Meritage Homes by 111.0% in the first quarter. Empowered Funds LLC now owns 32,971 shares of the construction company’s stock valued at $2,337,000 after acquiring an additional 17,343 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Meritage Homes by 102.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 319,150 shares of the construction company’s stock valued at $22,621,000 after acquiring an additional 161,806 shares during the last quarter. 98.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meritage Homes

In other news, CAO Alison Sasser sold 1,273 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.11, for a total transaction of $79,066.03. Following the transaction, the chief accounting officer owned 7,634 shares of the company’s stock, valued at approximately $474,147.74. The trade was a 14.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

Meritage Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s payout ratio is currently 40.17%.

More Meritage Homes News

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

• Positive Sentiment: Citizens JMP raised its FY2027 EPS forecast to $5.50 from $5.28, indicating some confidence in Meritage Homes’ longer-term earnings potential. Meritage Homes analyst estimates
• Positive Sentiment: Analysts at Wolfe Research and Keefe, Bruyette & Woods increased their Q4 2026 EPS estimates to $1.53 and $1.64, respectively, suggesting expectations for stronger results late in the year. Meritage Homes analyst estimates
• Neutral Sentiment: Investors are also assessing management’s Q2 earnings-call commentary and analysts’ questions, which may provide additional insight into demand trends, pricing, incentives and construction costs. The 5 Most Interesting Analyst Questions From Meritage Homes’s Q2 Earnings Call
• Negative Sentiment: Citizens JMP cut its Q3 2026 EPS forecast to $1.20 from $1.39 and lowered estimates for Q1 and Q2 2027 to $0.78 and $1.44, respectively. Its Q3 2027 estimate was also reduced to $1.47 from $1.52. Meritage Homes analyst estimates
• Negative Sentiment: Wolfe Research lowered Q3 2026 EPS to $1.14 from $1.40 and reduced FY2027 EPS to $6.04 from $6.82. Keefe, Bruyette & Woods made similar cuts, lowering Q3 2026 EPS to $1.16 from $1.52, FY2027 EPS to $5.95 from $6.51 and FY2028 EPS to $6.98 from $7.70. Meritage Homes analyst estimates

Meritage Homes Company Profile

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.