Zacks Research Reduces Earnings Estimates for Meritage Homes

by · The Cerbat Gem

Meritage Homes Corporation (NYSE:MTH – Free Report) – Stock analysts at Zacks Research decreased their Q3 2026 earnings estimates for shares of Meritage Homes in a research report issued to clients and investors on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the construction company will earn $1.25 per share for the quarter, down from their previous estimate of $1.41. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $5.06 per share. Zacks Research also issued estimates for Meritage Homes’ Q4 2026 earnings at $1.48 EPS, FY2026 earnings at $5.01 EPS and Q1 2027 earnings at $1.03 EPS.

Several other brokerages also recently issued reports on MTH. JPMorgan Chase & Co. lowered their price objective on shares of Meritage Homes from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Meritage Homes from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. Zelman & Associates cut shares of Meritage Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $79.25.

Get Our Latest Stock Analysis on Meritage Homes

Meritage Homes Price Performance

Shares of NYSE:MTH opened at $72.74 on Thursday. Meritage Homes has a twelve month low of $58.03 and a twelve month high of $85.38. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 5.38 and a beta of 1.36. The business has a 50 day moving average price of $74.89 and a 200 day moving average price of $70.31. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Meritage Homes (NYSE:MTH – Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The firm had revenue of $1.41 billion for 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 last year, the firm posted $2.04 EPS.

Meritage Homes Dividend Announcement

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

Hedge Funds Weigh In On Meritage Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Meritage Homes by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,901,851 shares of the construction company’s stock worth $190,943,000 after acquiring an additional 16,338 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Meritage Homes by 58.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock worth $95,299,000 after purchasing an additional 527,265 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Meritage Homes by 58.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock worth $75,051,000 after purchasing an additional 391,297 shares in the last quarter. Norges Bank bought a new position in Meritage Homes during the 4th quarter valued at about $63,053,000. Finally, Bank of New York Mellon Corp lifted its holdings in Meritage Homes by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 855,679 shares of the construction company’s stock valued at $56,304,000 after purchasing an additional 61,342 shares during the last quarter. Institutional investors own 98.44% of the company’s stock.

About Meritage Homes

(Get Free Report)

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.

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