Melius Research Comments on Meritage Homes Q3 Earnings

Meritage Homes Corporation (NYSE:MTH) – Equities researchers at Melius Research issued their Q3 2026 earnings per share (EPS) estimates for shares of Meritage Homes in a report issued on Tuesday, October 6th. Melius Research analyst M. Rehaut expects that the construction company will earn $1.08 per share for the quarter. Melius Research currently has a “Sell” rating and a $59.00 price objective 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.

Other equities analysts have also recently issued research reports about the stock. Evercore set a $65.00 price target on shares of Meritage Homes in a research report on Friday, September 25th. Zacks Research raised Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group restated a “buy” rating and set a $88.00 price objective (up from $86.00) on shares of Meritage Homes in a research note on Friday, July 31st. Wall Street Zen raised Meritage Homes from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $93.00 target price (up from $82.00) on shares of Meritage Homes in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Meritage Homes has an average rating of “Hold” and an average target price of $74.78.

Meritage Homes Price Performance

Shares of MTH stock opened at $60.60 on Friday. The firm has a fifty day moving average of $67.96 and a two-hundred day moving average of $68.89. The firm has a market cap of $3.95 billion, a P/E ratio of 12.68, a P/E/G ratio of 4.42 and a beta of 1.33. Meritage Homes has a 1-year low of $58.03 and a 1-year high of $85.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97.

Meritage Homes (NYSE:MTH) last issued its quarterly earnings results 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 business 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 revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 earnings per share.

Institutional Investors Weigh In On Meritage Homes

Institutional investors and hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its stake in Meritage Homes by 2.0% in the first quarter. Glenmede Trust Co. NA now owns 9,223 shares of the construction company’s stock valued at $570,000 after purchasing an additional 179 shares in the last quarter. Assetmark Inc. increased its position in Meritage Homes by 43.9% in the 1st quarter. Assetmark Inc. now owns 774 shares of the construction company’s stock worth $48,000 after purchasing an additional 236 shares during the last quarter. Essential Partners LLC raised its stake 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 worth $25,000 after purchasing an additional 249 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Meritage Homes by 9.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,772 shares of the construction company’s stock worth $233,000 after purchasing an additional 316 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Meritage Homes by 7.4% during the 3rd quarter. GAMMA Investing LLC now owns 5,764 shares of the construction company’s stock valued at $362,000 after buying an additional 399 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Meritage Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Meritage Homes’s dividend payout ratio is currently 40.17%.

Meritage Homes Company Profile

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.