Melius Research Predicts Meritage Homes Q3 Earnings

Meritage Homes Corporation (NYSE:MTH) – Stock analysts at Melius Research issued their Q3 2026 EPS estimates for shares of Meritage Homes in a note issued to investors on Tuesday, October 6th. Melius Research analyst M. Rehaut anticipates that the construction company will post earnings per share of $1.08 for the quarter. Melius Research currently has a “Sell” rating and a $59.00 target price on the stock. The consensus estimate for Meritage Homes’ current full-year earnings is $5.02 per share. Melius Research also issued estimates for Meritage Homes’ Q4 2026 earnings at $1.23 EPS, FY2026 earnings at $4.58 EPS, FY2027 earnings at $4.69 EPS and FY2028 earnings at $5.91 EPS.

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

MTH has been the subject of several other research reports. Zacks Research upgraded Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Evercore set a $65.00 price objective on Meritage Homes in a research note on Friday, September 25th. Weiss Ratings lowered Meritage Homes from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Citigroup reaffirmed a “market outperform” rating on shares of Meritage Homes in a research report on Monday, July 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $93.00 price target (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and an average price target of $74.78.

Meritage Homes Price Performance

NYSE MTH opened at $60.60 on Friday. Meritage Homes has a fifty-two week low of $58.03 and a fifty-two week high of $85.38. The stock’s 50-day moving average is $67.96 and its two-hundred day moving average is $68.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $3.95 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 4.42 and a beta of 1.33.

Meritage Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.92 annualized dividend and a yield of 3.2%. Meritage Homes’s dividend payout ratio is 40.17%.

Institutional Trading of Meritage Homes

Hedge funds have recently modified their holdings of the company. Essential Partners LLC boosted its position in shares of Meritage Homes by 163.8% during the 1st quarter. Essential Partners LLC now owns 401 shares of the construction company’s stock valued at $25,000 after acquiring an additional 249 shares in the last quarter. IFP Advisors Inc increased its stake in Meritage Homes by 767.6% in the second quarter. IFP Advisors Inc now owns 616 shares of the construction company’s stock valued at $52,000 after acquiring an additional 545 shares during the period. Assetmark Inc. raised its position in Meritage Homes by 43.9% in the first quarter. Assetmark Inc. now owns 774 shares of the construction company’s stock worth $48,000 after purchasing an additional 236 shares in the last quarter. Versant Capital Management Inc raised its position in Meritage Homes by 62.4% in the second quarter. Versant Capital Management Inc now owns 1,351 shares of the construction company’s stock worth $113,000 after purchasing an additional 519 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Meritage Homes by 150.0% during the first quarter. Brown Lisle Cummings Inc. now owns 1,500 shares of the construction company’s stock worth $93,000 after purchasing an additional 900 shares during the period. Institutional investors own 98.44% of the company’s stock.

About Meritage Homes

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 move-up buyers, offering homes in a range of floor plans, sizes and price points. Its communities typically feature energy-efficient designs and include standard features intended to improve home performance, comfort and affordability.

Meritage Homes develops communities in selected markets across the South, Southeast and West, including areas of Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee and Texas.