Q4 2024 Earnings Forecast for Meritage Homes Co. (NYSE:MTH) Issued By Zacks Research

Meritage Homes Co. (NYSE:MTH) – Equities research analysts at Zacks Research decreased their Q4 2024 EPS estimates for shares of Meritage Homes in a research note issued on Wednesday, April 10th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will earn $5.38 per share for the quarter, down from their previous forecast of $5.39. The consensus estimate for Meritage Homes’ current full-year earnings is $17.78 per share. Zacks Research also issued estimates for Meritage Homes’ Q4 2025 earnings at $5.64 EPS.

Other research analysts also recently issued reports about the stock. Seaport Res Ptn downgraded shares of Meritage Homes from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wedbush downgraded shares of Meritage Homes from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $155.00 to $148.00 in a research report on Tuesday, April 2nd. Zelman & Associates raised shares of Meritage Homes from a “neutral” rating to an “outperform” rating in a research report on Monday, February 26th. The Goldman Sachs Group increased their target price on shares of Meritage Homes from $151.00 to $182.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, StockNews.com downgraded shares of Meritage Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $172.67.

Meritage Homes Trading Down 2.0 %

Shares of NYSE:MTH opened at $152.06 on Monday. Meritage Homes has a 52 week low of $109.23 and a 52 week high of $179.68. The company’s 50 day moving average is $159.30 and its two-hundred day moving average is $151.25. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.52 billion, a PE ratio of 7.63 and a beta of 1.76.

Meritage Homes (NYSE:MTH) last announced its earnings results on Wednesday, January 31st. The construction company reported $5.38 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.20. Meritage Homes had a net margin of 12.03% and a return on equity of 17.03%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.52 billion.

Meritage Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 1.97%. This is a boost from Meritage Homes’s previous quarterly dividend of $0.27. Meritage Homes’s dividend payout ratio is currently 15.06%.

Insider Buying and Selling

In related news, CAO Alison Sasser sold 355 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $152.61, for a total transaction of $54,176.55. Following the completion of the sale, the chief accounting officer now owns 869 shares in the company, valued at approximately $132,618.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Clinton Szubinski sold 797 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $152.62, for a total value of $121,638.14. Following the completion of the sale, the chief operating officer now owns 5,234 shares in the company, valued at approximately $798,813.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Alison Sasser sold 355 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $152.61, for a total transaction of $54,176.55. Following the completion of the sale, the chief accounting officer now owns 869 shares of the company’s stock, valued at approximately $132,618.09. The disclosure for this sale can be found here. Insiders sold a total of 3,998 shares of company stock worth $635,171 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Meritage Homes

Several hedge funds have recently made changes to their positions in MTH. Hollencrest Capital Management acquired a new stake in shares of Meritage Homes in the 1st quarter worth $29,000. Lindbrook Capital LLC increased its holdings in shares of Meritage Homes by 91.6% in the 4th quarter. Lindbrook Capital LLC now owns 205 shares of the construction company’s stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. Carmel Capital Partners LLC purchased a new position in shares of Meritage Homes in the 3rd quarter valued at about $38,000. Parallel Advisors LLC increased its holdings in shares of Meritage Homes by 157.6% in the 4th quarter. Parallel Advisors LLC now owns 237 shares of the construction company’s stock valued at $41,000 after purchasing an additional 145 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Meritage Homes in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

About Meritage Homes

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.