Citizens Jmp Decreases Earnings Estimates for Meritage Homes

Meritage Homes Corporation (NYSE:MTH) – Citizens Jmp decreased their Q3 2026 earnings estimates for Meritage Homes in a research note issued to investors on Thursday, July 30th. Citizens Jmp analyst J. Mccanless now anticipates that the construction company will earn $1.20 per share for the quarter, down from their previous forecast of $1.39. The consensus estimate for Meritage Homes’ current full-year earnings is $5.00 per share. Citizens Jmp also issued estimates for Meritage Homes’ Q1 2027 earnings at $0.78 EPS, Q2 2027 earnings at $1.44 EPS, Q3 2027 earnings at $1.47 EPS and FY2027 earnings at $5.50 EPS.

A number of other analysts also recently weighed in on the stock. Zacks Research upgraded shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $93.00 target price (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Weiss Ratings raised shares of Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Bank of America dropped their price objective on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Truist Financial set a $80.00 target price on Meritage Homes and gave the stock a “buy” rating in a report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Meritage Homes currently has a consensus rating of “Hold” and an average price target of $79.25.

Meritage Homes Trading Up 0.6%

NYSE MTH opened at $74.95 on Thursday. Meritage Homes has a 12 month low of $58.03 and a 12 month high of $85.38. The stock has a 50-day simple moving average of $74.28 and a 200 day simple moving average of $70.40. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 0.37. 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.

Meritage Homes (NYSE:MTH) last released its earnings results on Wednesday, July 29th. The construction company reported $1.42 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.04 EPS.

Meritage Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 16th. Meritage Homes’s dividend payout ratio (DPR) is currently 40.17%.

Insider Buying and Selling

In other Meritage Homes news, CAO Alison Sasser sold 1,273 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 of the company’s stock, valued at $474,147.74. This represents a 14.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Meritage Homes

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Meritage Homes by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,901,851 shares of the construction company’s stock valued at $190,943,000 after acquiring an additional 16,338 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Meritage Homes by 58.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after purchasing an additional 527,265 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Meritage Homes by 58.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares during the last quarter. Norges Bank bought a new position in Meritage Homes in the fourth quarter valued at approximately $63,053,000. Finally, Bank of New York Mellon Corp grew its stake in Meritage Homes by 7.7% in the fourth 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 in the last quarter. Institutional investors own 98.44% of the company’s stock.

Meritage Homes News Roundup

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.