Keefe, Bruyette & Woods Estimates Meritage Homes Q4 Earnings

Meritage Homes Corporation (NYSE:MTH) – Analysts at Keefe, Bruyette & Woods reduced their Q4 2026 earnings estimates for shares of Meritage Homes in a research report issued to clients and investors on Friday, October 30th. Keefe, Bruyette & Woods analyst J. Rahmani now forecasts that the construction company will post earnings of $1.00 per share for the quarter, down from their previous estimate of $1.64. The consensus estimate for Meritage Homes’ current full-year earnings is $4.86 per share. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ Q3 2027 earnings at $1.14 EPS, Q4 2027 earnings at $1.25 EPS, FY2027 earnings at $4.59 EPS and FY2028 earnings at $5.58 EPS.

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

A number of other brokerages also recently weighed in on MTH. Weiss Ratings downgraded shares of Meritage Homes from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research lowered shares of Meritage Homes from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. UBS Group lowered their price target on shares of Meritage Homes from $88.00 to $85.00 and set a “buy” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group set a $82.00 price objective on shares of Meritage Homes and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, Truist Financial reduced their price objective on Meritage Homes from $72.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, October 30th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Meritage Homes currently has an average rating of “Hold” and an average price target of $72.44.

Meritage Homes Price Performance

Shares of MTH stock opened at $73.40 on Thursday. Meritage Homes has a 52 week low of $56.66 and a 52 week high of $85.38. The stock’s fifty day moving average is $64.12 and its 200-day moving average is $68.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.72. The stock has a market capitalization of $4.73 billion, a PE ratio of 16.57, a PEG ratio of 5.09 and a beta of 1.31.

Meritage Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given 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 2.6%. Meritage Homes’s dividend payout ratio is presently 43.34%.

Institutional Investors Weigh In On Meritage Homes

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY bought a new stake in shares of Meritage Homes during the 2nd quarter valued at $112,498,000. Bank of New York Mellon Corp bought a new position in Meritage Homes during the second quarter worth about $68,873,000. Algert Global LLC grew its position in shares of Meritage Homes by 267.8% during the 2nd quarter. Algert Global LLC now owns 356,121 shares of the construction company’s stock worth $29,861,000 after buying an additional 259,291 shares during the period. SummitTX Capital L.P. grew its position in shares of Meritage Homes by 16.1% during the 1st quarter. SummitTX Capital L.P. now owns 471,614 shares of the construction company’s stock worth $29,165,000 after buying an additional 65,540 shares during the period. Finally, Atlas FRM LLC bought a new stake in Meritage Homes in the second quarter valued at approximately $18,447,000. 98.44% of the stock is owned by institutional investors.

Key Stories Impacting Meritage Homes

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.