Brokerages expect Meritage Homes Corp (NYSE:MTH) to post earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Meritage Homes Corp’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.39. Meritage Homes Corp posted earnings per share of $0.50 during the same quarter last year, which suggests a negative year-over-year growth rate of 16%. The company is expected to announce its next earnings results before the market opens on Thursday, April 27th.

According to Zacks, analysts expect that Meritage Homes Corp will report full-year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.65 to $3.72. For the next year, analysts anticipate that the firm will post earnings of $4.27 per share, with EPS estimates ranging from $3.90 to $4.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Meritage Homes Corp.

Meritage Homes Corp (NYSE:MTH) last announced its quarterly earnings data on Wednesday, February 1st. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The company had revenue of $880.70 million for the quarter, compared to the consensus estimate of $889.50 million. Meritage Homes Corp had a return on equity of 11.08% and a net margin of 4.93%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS.

Several equities analysts have recently issued reports on the stock. Evercore ISI lowered shares of Meritage Homes Corp from a “buy” rating to a “hold” rating and set a $37.00 target price for the company. in a report on Monday, January 30th. BTIG Research assumed coverage on shares of Meritage Homes Corp in a report on Tuesday, February 7th. They set a “neutral” rating for the company. Barclays PLC assumed coverage on shares of Meritage Homes Corp in a report on Thursday, January 5th. They set an “underweight” rating and a $36.00 target price for the company. TheStreet upgraded shares of Meritage Homes Corp from a “c+” rating to a “b-” rating in a report on Tuesday, March 28th. Finally, Zacks Investment Research upgraded shares of Meritage Homes Corp from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Meritage Homes Corp currently has a consensus rating of “Hold” and an average price target of $39.69.

In other Meritage Homes Corp news, EVP Javier Feliciano sold 1,009 shares of Meritage Homes Corp stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.55, for a total value of $35,869.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald W. Haddock sold 5,000 shares of Meritage Homes Corp stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $36.76, for a total transaction of $183,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,151 shares of company stock valued at $635,188. 5.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of MTH. State of Alaska Department of Revenue increased its stake in Meritage Homes Corp by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the construction company’s stock worth $153,000 after buying an additional 90 shares during the period. Americafirst Capital Management LLC bought a new stake in Meritage Homes Corp during the first quarter worth approximately $343,000. BlackRock Inc. increased its stake in Meritage Homes Corp by 2.6% in the third quarter. BlackRock Inc. now owns 10,872 shares of the construction company’s stock worth $377,000 after buying an additional 273 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Meritage Homes Corp by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,180 shares of the construction company’s stock worth $458,000 after buying an additional 140 shares during the period. Finally, Thomson Horstmann & Bryant Inc. bought a new stake in Meritage Homes Corp during the first quarter worth approximately $564,000. 99.80% of the stock is owned by institutional investors and hedge funds.

Shares of Meritage Homes Corp (NYSE:MTH) traded down 0.64% on Monday, hitting $38.55. The stock had a trading volume of 525,782 shares. Meritage Homes Corp has a 1-year low of $29.70 and a 1-year high of $41.22. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.86 and a beta of 1.36. The firm has a 50 day moving average of $37.18 and a 200-day moving average of $35.42.

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Meritage Homes Corp Company Profile

Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services.

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