Meritage Homes Q2 EPS Estimate Decreased by Zacks Research

Meritage Homes Corporation (NYSE:MTH) – Equities researchers at Zacks Research dropped their Q2 2027 earnings estimates for shares of Meritage Homes in a note issued to investors on Wednesday, August 12th. Zacks Research analyst Team now expects that the construction company will post earnings per share of $1.57 for the quarter, down from their previous forecast of $1.60. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $5.04 per share. Zacks Research also issued estimates for Meritage Homes’ Q3 2027 earnings at $1.48 EPS, Q4 2027 earnings at $1.79 EPS, FY2027 earnings at $5.88 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $1.89 EPS and FY2028 earnings at $7.01 EPS.

Meritage Homes (NYSE:MTH) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The business’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.04 earnings per share.

A number of other research firms have also recently commented on MTH. Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. reduced their target price on Meritage Homes from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $93.00 target price (up from $82.00) on shares of Meritage Homes in a research note on Friday, July 10th. Bank of America lowered their price target on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $79.25.

Meritage Homes Trading Up 0.9%

Shares of NYSE MTH opened at $73.57 on Friday. Meritage Homes has a twelve month low of $58.03 and a twelve month high of $85.38. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 5.34 and a beta of 1.36. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $75.00 and its 200-day moving average is $70.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC grew its holdings in shares of Meritage Homes by 63.9% during the fourth quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock worth $25,000 after buying an additional 145 shares in the last quarter. Essential Partners LLC lifted its stake in Meritage Homes by 163.8% in the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock valued at $25,000 after acquiring an additional 249 shares in the last quarter. Larson Financial Group LLC lifted its stake in Meritage Homes by 265.5% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock valued at $29,000 after acquiring an additional 292 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Meritage Homes by 194.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after acquiring an additional 462 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Meritage Homes during the 4th quarter worth approximately $49,000. 98.44% of the stock is owned by institutional investors and hedge funds.

Meritage Homes Announces Dividend

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

Meritage Homes News Summary

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

• Positive Sentiment: Zacks raised its Q1 2027 EPS forecast to $1.03 from $0.96, indicating a modest improvement in expectations for that quarter.
• Neutral Sentiment: Zacks maintained a Hold rating on MTH. The company’s current full-year consensus EPS estimate is approximately $5.04–$5.06, while Zacks forecasts FY2026 EPS of $5.01 and FY2027 EPS of $5.88.
• Negative Sentiment: Zacks lowered its Q3 2026 EPS estimate to $1.25 from $1.41, Q4 2026 to $1.48 from $1.57, and FY2026 to $5.01 from $5.17. These cuts point to softer near-term earnings expectations.
• Negative Sentiment: Forecasts for FY2027 were reduced to $5.88 EPS from $6.10, with cuts to Q2 2027 ($1.57 from $1.60), Q3 2027 ($1.48 from $1.72), and Q4 2027 ($1.79 from $1.82).
• Negative Sentiment: Zacks also reduced its longer-term forecasts: Q1 2028 EPS to $1.12 from $1.19, Q2 2028 to $1.89 from $1.96, and FY2028 to $7.01 from $7.36. Broad-based reductions can pressure valuation because they lower expected future earnings and growth.

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.