FY2026 EPS Forecast for Meritage Homes Decreased by Analyst

Meritage Homes Corporation (NYSE:MTH) – Analysts at Melius Research dropped their FY2026 earnings per share (EPS) estimates for shares of Meritage Homes in a research note issued to investors on Monday, November 2nd. Melius Research analyst M. Rehaut now forecasts that the construction company will post earnings per share of $4.11 for the year, down from their previous forecast of $4.58. Melius Research currently has a “Sell” rating and a $59.00 price target on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Melius Research also issued estimates for Meritage Homes’ Q4 2026 earnings at $0.79 EPS, FY2027 earnings at $2.94 EPS and FY2028 earnings at $3.71 EPS.

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

Several other research firms have also weighed in on MTH. Wolfe Research lowered shares of Meritage Homes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Wall Street Zen downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Weiss Ratings downgraded shares of Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Zacks Research lowered shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. Finally, Truist Financial decreased their price objective on shares of Meritage Homes from $72.00 to $65.00 and set a “hold” rating on the stock in a research note on Friday, October 30th. Four equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.44.

Meritage Homes Stock Up 9.4%

Shares of NYSE MTH opened at $73.40 on Thursday. The stock has a market cap of $4.73 billion, a PE ratio of 16.57, a PEG ratio of 5.09 and a beta of 1.31. The business has a fifty day moving average of $64.12 and a two-hundred day moving average of $68.90. Meritage Homes has a 52-week low of $56.66 and a 52-week high of $85.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.72.

Institutional Trading of Meritage Homes

Several large investors have recently made changes to their positions in MTH. Assenagon Asset Management S.A. increased its stake in shares of Meritage Homes by 0.4% in the third quarter. Assenagon Asset Management S.A. now owns 47,402 shares of the construction company’s stock valued at $2,979,000 after buying an additional 167 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Meritage Homes by 2.0% during the 1st quarter. Glenmede Trust Co. NA now owns 9,223 shares of the construction company’s stock worth $570,000 after buying an additional 179 shares in the last quarter. Parallel Advisors LLC lifted its position in Meritage Homes by 88.0% during the 3rd quarter. Parallel Advisors LLC now owns 487 shares of the construction company’s stock worth $31,000 after buying an additional 228 shares in the last quarter. Assetmark Inc. grew its holdings in Meritage Homes by 43.9% during the 1st quarter. Assetmark Inc. now owns 774 shares of the construction company’s stock worth $48,000 after acquiring an additional 236 shares during the last quarter. Finally, Essential Partners LLC grew its holdings in Meritage Homes by 163.8% during the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock worth $25,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

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. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.6%. Meritage Homes’s payout ratio is currently 43.34%.

Meritage Homes News Summary

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

• Neutral Sentiment: Citizens JMP and Keefe, Bruyette & Woods issued forecasts extending into 2028. Although their FY2028 estimates of $5.40 and $5.58 per share, respectively, are above the current-year consensus of $4.86, both firms also lowered earlier projections for several periods. Meritage Homes analyst estimates
• Negative Sentiment: Multiple analysts cut estimates for upcoming quarters and fiscal years. Citizens JMP reduced its FY2027 forecast from $5.50 to $4.25 per share and its Q4 2026 estimate from $1.62 to $0.70. Keefe, Bruyette & Woods lowered its FY2027 estimate from $5.95 to $4.59, while Wolfe Research cut its FY2027 forecast from $5.86 to $4.48. Analyst estimate reductions
• Negative Sentiment: Melius Research made especially steep reductions: its FY2027 EPS forecast fell from $4.69 to $2.94, and its FY2028 forecast from $5.91 to $3.71. The firm maintains a Sell rating and a $59 price target, adding to the bearish signal. Melius Research forecast cuts and rating

Meritage Homes Company Profile

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.