Q3 EPS Estimates for Meritage Homes Lowered by Analyst

Meritage Homes Corporation (NYSE:MTH) – Equities researchers at Keefe, Bruyette & Woods cut their Q3 2026 earnings per share estimates for shares of Meritage Homes in a report released on Monday, February 2nd. Keefe, Bruyette & Woods analyst J. Rahmani now forecasts that the construction company will earn $1.57 per share for the quarter, down from their prior estimate of $1.67. Keefe, Bruyette & Woods has a “Market Perform” rating and a $76.00 price objective on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $9.44 per share. Keefe, Bruyette & Woods also issued estimates for Meritage Homes’ Q4 2026 earnings at $1.66 EPS.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.55 by $0.12. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Meritage Homes had a return on equity of 9.28% and a net margin of 7.73%.The business’s revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.72 earnings per share.

Other equities research analysts have also issued reports about the stock. Evercore ISI set a $77.00 price objective on shares of Meritage Homes and gave the company an “in-line” rating in a report on Thursday, December 4th. Citizens Jmp began coverage on shares of Meritage Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $90.00 target price for the company. Bank of America reiterated a “neutral” rating and issued a $82.00 price target (up previously from $75.00) on shares of Meritage Homes in a research note on Friday, January 16th. UBS Group set a $95.00 price objective on shares of Meritage Homes in a report on Friday, January 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $90.00 target price on shares of Meritage Homes in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $83.63.

Meritage Homes Stock Up 0.1%

Shares of MTH opened at $75.52 on Wednesday. Meritage Homes has a 12-month low of $59.27 and a 12-month high of $84.74. The company has a current ratio of 2.10, a quick ratio of 1.95 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.32 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.48. The business’s 50 day moving average is $70.97 and its 200 day moving average is $71.91.

Institutional Investors Weigh In On Meritage Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC lifted its stake in shares of Meritage Homes by 63.9% in the 4th quarter. Salomon & Ludwin LLC now owns 372 shares of the construction company’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Larson Financial Group LLC raised its holdings in Meritage Homes by 265.5% during the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock valued at $29,000 after buying an additional 292 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Meritage Homes during the 2nd quarter valued at $33,000. Brown Lisle Cummings Inc. bought a new stake in Meritage Homes in the fourth quarter worth $39,000. Finally, Signaturefd LLC boosted its stake in Meritage Homes by 54.9% during the second quarter. Signaturefd LLC now owns 618 shares of the construction company’s stock worth $41,000 after buying an additional 219 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.43 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.72 annualized dividend and a yield of 2.3%. Meritage Homes’s dividend payout ratio (DPR) is currently 27.22%.

More Meritage Homes News

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

• Positive Sentiment: Citizens Jmp raised several near-term quarterly estimates and reiterated a bullish stance — the firm boosted Q4 2026 and Q4 2027 quarter estimates and nudged some 2026 quarter numbers higher, and it maintains a “Market Outperform” rating with a $90 price target, supporting upside expectations for MTH.
• Positive Sentiment: Meritage’s most recent quarter beat EPS expectations (reported $1.67 vs. consensus ~$1.55) — an earnings beat that helps justify the stock’s strength despite revenue weakness year-over-year and a revenue miss versus expectations.
• Neutral Sentiment: Analyst and investor questions from the Q4 earnings call are getting coverage and may influence near-term guidance clarity and sentiment; read the analyst Q&A summary for context. 5 Revealing Analyst Questions From Meritage Homes’s Q4 Earnings Call
• Negative Sentiment: Keefe, Bruyette & Woods cut multiple near-term and FY EPS estimates (Q1–Q4 2026, FY2026, FY2027) and trimmed its price target to $76 while keeping a “Market Perform” rating — a broad set of downward revisions that signals expectations for weaker margins/volume or a slower recovery and puts pressure on the stock. Keefe, Bruyette & Woods Lowers Meritage Homes (NYSE:MTH) Price Target to $76.00

Meritage Homes Company Profile

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.