Citizens Jmp Has Weak Outlook for Meritage Homes Q3 Earnings

Meritage Homes Corporation (NYSE:MTH) – Stock analysts at Citizens Jmp dropped their Q3 2027 earnings estimates for shares of Meritage Homes in a note issued to investors on Friday, October 30th. Citizens Jmp analyst J. Mccanless now anticipates that the construction company will post earnings per share of $1.26 for the quarter, down from their previous forecast of $1.47. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Citizens Jmp also issued estimates for Meritage Homes’ Q3 2028 earnings at $1.61 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 analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $1.39 earnings per share. Meritage Homes’s revenue was down 17.5% on a year-over-year basis.

A number of other analysts have also recently commented on MTH. Truist Financial cut their target price on Meritage Homes from $72.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, October 30th. The Goldman Sachs Group set a $82.00 target price on Meritage Homes and gave the company a “buy” rating in a report on Monday, October 12th. Evercore set a $65.00 target price on Meritage Homes in a research report on Friday, September 25th. Weiss Ratings downgraded Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, UBS Group dropped their price target on Meritage Homes from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $72.44.

Meritage Homes Stock Performance

NYSE MTH opened at $67.13 on Wednesday. The company has a fifty day moving average of $64.12 and a two-hundred day moving average of $68.92. The company has a market capitalization of $4.32 billion, a PE ratio of 15.15, a P/E/G ratio of 5.24 and a beta of 1.31. Meritage Homes has a 1 year low of $56.66 and a 1 year high of $85.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ceredex Value Advisors LLC acquired a new position in Meritage Homes in the second quarter valued at $12,540,000. Empowered Funds LLC purchased a new stake in shares of Meritage Homes in the second quarter valued at about $2,207,000. Weiss Asset Management LP acquired a new stake in shares of Meritage Homes during the first quarter worth about $916,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Meritage Homes during the second quarter worth about $2,953,000. Finally, D L Carlson Investment Group Inc. acquired a new stake in shares of Meritage Homes during the second quarter worth about $3,014,000. 98.44% of the stock is owned by hedge funds and other institutional investors.

Meritage Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 2.9%. Meritage Homes’s dividend payout ratio is currently 43.34%.

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.