Keefe, Bruyette & Woods Predicts Meritage Homes Q1 Earnings

Meritage Homes Corporation (NYSE:MTH) – Stock analysts at Keefe, Bruyette & Woods issued their Q1 2027 earnings per share estimates for Meritage Homes in a research report issued to clients and investors on Friday, October 30th. Keefe, Bruyette & Woods analyst J. Rahmani anticipates that the construction company will post earnings per share of $0.88 for the quarter. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ Q2 2027 earnings at $1.32 EPS.

Meritage Homes (NYSE:MTH) last issued its earnings results on Wednesday, October 28th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). Meritage Homes had a net margin of 5.79% and a return on equity of 6.69%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $1.39 EPS. The firm’s revenue for the quarter was down 17.5% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Zelman & Associates lowered shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Zacks Research lowered shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. Truist Financial cut their target price on shares of Meritage Homes from $72.00 to $65.00 and set a “hold” rating for the company in a research note on Friday, October 30th. Finally, Wall Street Zen downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.44.

Meritage Homes Trading Down 2.7%

MTH stock opened at $67.13 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.97. Meritage Homes has a 1-year low of $56.66 and a 1-year high of $85.38. The business has a 50 day simple moving average of $64.12 and a two-hundred day simple moving average of $68.92. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 5.24 and a beta of 1.31.

Institutional Trading of Meritage Homes

A number of large investors have recently made changes to their positions in the business. Bamco Inc. NY bought a new position in shares of Meritage Homes in the 2nd quarter valued at about $112,498,000. Bank of New York Mellon Corp purchased a new position in Meritage Homes in the second quarter worth about $68,873,000. Algert Global LLC grew its position in Meritage Homes by 267.8% in the second quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock worth $29,861,000 after acquiring an additional 259,291 shares in the last quarter. Atlas FRM LLC bought a new stake in Meritage Homes during the second quarter worth approximately $18,447,000. Finally, Deutsche Bank AG bought a new stake in Meritage Homes during the second quarter worth approximately $14,510,000. 98.44% of the stock is currently owned by institutional investors.

Meritage Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 15th. Meritage Homes’s dividend payout ratio (DPR) is presently 43.34%.

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 homebuyers, offering homes in a range of floor plans and communities designed around affordability, energy efficiency and modern features.

Meritage Homes sells homes through its own communities and provides related services, including land acquisition and development, home design, construction, sales and customer support.