Meritage Homes (NYSE:MTH) Issues Q1 2025 Earnings Guidance

Meritage Homes (NYSE:MTH - Get Free Report) issued an update on its first quarter 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.590-1.830 for the period, compared to the consensus earnings per share estimate of 2.090. The company issued revenue guidance of -.

Meritage Homes Price Performance

Shares of NYSE:MTH traded up $1.17 during trading on Tuesday, hitting $77.33. 806,782 shares of the company were exchanged, compared to its average volume of 1,012,802. The company has a quick ratio of 1.75, a current ratio of 1.61 and a debt-to-equity ratio of 0.26. Meritage Homes has a 1-year low of $73.05 and a 1-year high of $106.99. The company has a market capitalization of $5.60 billion, a P/E ratio of 5.94 and a beta of 1.88. The business's 50 day moving average is $85.33 and its 200-day moving average is $92.20.

Meritage Homes (NYSE:MTH - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.72 EPS for the quarter, beating the consensus estimate of $4.55 by $0.17. Meritage Homes had a return on equity of 15.90% and a net margin of 12.29%. Equities analysts forecast that Meritage Homes will post 10.52 earnings per share for the current year.

Meritage Homes Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.375 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.50 dividend on an annualized basis and a yield of 1.94%. Meritage Homes's payout ratio is 11.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MTH shares. UBS Group reduced their price target on Meritage Homes from $126.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on Meritage Homes from $117.50 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Raymond James downgraded shares of Meritage Homes from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $98.50 price objective (down from $110.00) on shares of Meritage Homes in a research report on Friday, December 13th. Finally, StockNews.com lowered shares of Meritage Homes from a "hold" rating to a "sell" rating in a report on Saturday, January 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $107.38.

Meritage Homes Company Profile

Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.