Q2 EPS Estimates for Meritage Homes Lifted by Citizens Jmp

Meritage Homes Corporation (NYSE:MTH) – Analysts at Citizens Jmp lifted their Q2 2026 earnings per share (EPS) estimates for shares of Meritage Homes in a report issued on Sunday, February 1st. Citizens Jmp analyst J. Mccanless now anticipates that the construction company will earn $1.38 per share for the quarter, up from their previous estimate of $1.37. Citizens Jmp currently has a “Market Outperform” rating and a $90.00 target price on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Citizens Jmp also issued estimates for Meritage Homes’ Q3 2026 earnings at $1.46 EPS, Q4 2026 earnings at $1.54 EPS, FY2026 earnings at $5.38 EPS, Q2 2027 earnings at $1.44 EPS, Q4 2027 earnings at $1.66 EPS and FY2027 earnings at $5.67 EPS.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.12. Meritage Homes had a return on equity of 9.28% and a net margin of 7.73%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $4.72 earnings per share. Meritage Homes’s revenue for the quarter was down 11.9% compared to the same quarter last year.

Several other analysts have also issued reports on the stock. UBS Group set a $95.00 price target on shares of Meritage Homes in a research report on Friday. The Goldman Sachs Group restated a “buy” rating and set a $90.00 price objective on shares of Meritage Homes in a research report on Tuesday, January 13th. Zacks Research downgraded Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Bank of America reiterated a “neutral” rating and issued a $82.00 price target (up previously from $75.00) on shares of Meritage Homes in a research note on Friday, January 16th. Finally, Citigroup initiated coverage on Meritage Homes in a research report on Wednesday, January 7th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Meritage Homes presently has an average rating of “Hold” and a consensus target price of $83.63.

Meritage Homes Price Performance

MTH stock opened at $72.65 on Wednesday. The company’s 50-day moving average price is $70.91 and its two-hundred day moving average price is $71.86. The firm has a market cap of $5.12 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.09 and a beta of 1.48. The company has a quick ratio of 1.95, a current ratio of 2.10 and a debt-to-equity ratio of 0.35. Meritage Homes has a 12 month low of $59.27 and a 12 month high of $84.74.

Meritage Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.72 annualized dividend and a dividend yield of 2.4%. Meritage Homes’s dividend payout ratio (DPR) is 27.22%.

Hedge Funds Weigh In On Meritage Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Meritage Homes during the fourth quarter valued at about $227,000. Jennison Associates LLC acquired a new position in shares of Meritage Homes in the fourth quarter valued at approximately $835,000. State of New Jersey Common Pension Fund D raised its holdings in Meritage Homes by 15.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 32,839 shares of the construction company’s stock valued at $2,161,000 after buying an additional 4,437 shares during the last quarter. Torren Management LLC acquired a new stake in Meritage Homes during the 4th quarter worth approximately $73,000. Finally, M&T Bank Corp grew its holdings in Meritage Homes by 13.2% during the 4th quarter. M&T Bank Corp now owns 5,486 shares of the construction company’s stock worth $361,000 after acquiring an additional 641 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes News Summary

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

• Positive Sentiment: Citizens Jmp raised several near‑term quarterly EPS forecasts (Q2 2026 to $1.38 from $1.37; Q3 2026 to $1.46 from $1.44; Q4 2026 to $1.54 from $1.51; Q4 2027 to $1.66 from $1.60), and keeps a Market Outperform rating with a $90 target — signals that that firm sees operational resilience in upcoming quarters.
• Neutral Sentiment: Citizens Jmp trimmed one quarter (Q2 2027 to $1.44 from $1.48) — a small quarterly downgrade that appears offset by the other upward revisions and the firm’s continued bullish price target.
• Negative Sentiment: Citizens Jmp reduced its FY2026 EPS to $5.38 (from $5.63) and FY2027 EPS to $5.67 (from $6.03), lowering full‑year earnings expectations by a material amount — a negative for longer‑term growth expectations.
• Negative Sentiment: Keefe, Bruyette & Woods cut Q3 and Q4 2026 EPS estimates (Q3 to $1.57 from $1.67; Q4 to $1.66 from $1.79) and lowered its price target to $76 with a Market Perform rating, which reduces near‑term analyst upside. KBW price target cut report

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.