Meritage Homes Q3 EPS Forecast Lowered by Wolfe Research

Meritage Homes Corporation (NYSE:MTH) – Equities research analysts at Wolfe Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of Meritage Homes in a report issued on Thursday, July 30th. Wolfe Research analyst T. Allinson now anticipates that the construction company will earn $1.14 per share for the quarter, down from their previous forecast of $1.40. The consensus estimate for Meritage Homes’ current full-year earnings is $5.00 per share. Wolfe Research also issued estimates for Meritage Homes’ FY2027 earnings at $6.04 EPS.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Meritage Homes had a return on equity of 7.13% and a net margin of 6.11%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $2.04 EPS. Meritage Homes’s quarterly revenue was down 14.1% compared to the same quarter last year.

Several other research firms also recently issued reports on MTH. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Truist Financial set a $80.00 target price on shares of Meritage Homes and gave the stock a “buy” rating in a research report on Thursday, April 16th. Citigroup reissued a “market outperform” rating on shares of Meritage Homes in a report on Monday, July 6th. Weiss Ratings upgraded shares of Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 24th. Finally, Bank of America dropped their price target on shares of Meritage Homes from $74.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.25.

Meritage Homes Price Performance

Meritage Homes stock opened at $74.95 on Thursday. The stock has a 50-day moving average price of $74.28 and a two-hundred day moving average price of $70.40. Meritage Homes has a 12 month low of $58.03 and a 12 month high of $85.38. The company has a market capitalization of $4.88 billion, a PE ratio of 15.68, a P/E/G ratio of 5.50 and a beta of 1.36. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On Meritage Homes

A number of institutional investors have recently modified their holdings of MTH. Salomon & Ludwin LLC grew its position in Meritage Homes by 63.9% in the fourth quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. New Age Alpha Advisors LLC raised its position in Meritage Homes by 1.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 10,627 shares of the construction company’s stock valued at $699,000 after purchasing an additional 158 shares in the last quarter. ProShare Advisors LLC lifted its stake in Meritage Homes by 1.2% during the fourth quarter. ProShare Advisors LLC now owns 13,559 shares of the construction company’s stock worth $892,000 after purchasing an additional 164 shares during the last quarter. Signaturefd LLC lifted its stake in Meritage Homes by 25.7% during the fourth quarter. Signaturefd LLC now owns 808 shares of the construction company’s stock worth $53,000 after purchasing an additional 165 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in shares of Meritage Homes by 2.0% in the 1st quarter. Glenmede Trust Co. NA now owns 9,223 shares of the construction company’s stock worth $570,000 after purchasing an additional 179 shares in the last quarter. 98.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Meritage Homes news, CAO Alison Sasser sold 1,273 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.11, for a total transaction of $79,066.03. Following the completion of the transaction, the chief accounting officer owned 7,634 shares in the company, valued at approximately $474,147.74. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Meritage Homes Dividend Announcement

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

Key Headlines Impacting Meritage Homes

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

• Positive Sentiment: Citizens JMP raised its FY2027 EPS forecast to $5.50 from $5.28, indicating some confidence in Meritage Homes’ longer-term earnings potential. Meritage Homes analyst estimates
• Positive Sentiment: Analysts at Wolfe Research and Keefe, Bruyette & Woods increased their Q4 2026 EPS estimates to $1.53 and $1.64, respectively, suggesting expectations for stronger results late in the year. Meritage Homes analyst estimates
• Neutral Sentiment: Investors are also assessing management’s Q2 earnings-call commentary and analysts’ questions, which may provide additional insight into demand trends, pricing, incentives and construction costs. The 5 Most Interesting Analyst Questions From Meritage Homes’s Q2 Earnings Call
• Negative Sentiment: Citizens JMP cut its Q3 2026 EPS forecast to $1.20 from $1.39 and lowered estimates for Q1 and Q2 2027 to $0.78 and $1.44, respectively. Its Q3 2027 estimate was also reduced to $1.47 from $1.52. Meritage Homes analyst estimates
• Negative Sentiment: Wolfe Research lowered Q3 2026 EPS to $1.14 from $1.40 and reduced FY2027 EPS to $6.04 from $6.82. Keefe, Bruyette & Woods made similar cuts, lowering Q3 2026 EPS to $1.16 from $1.52, FY2027 EPS to $5.95 from $6.51 and FY2028 EPS to $6.98 from $7.70. Meritage Homes analyst estimates

About Meritage Homes

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.