What is Wedbush's Forecast for Meritage Homes Q2 Earnings?

Meritage Homes Co. (NYSE:MTH - Free Report) - Wedbush lowered their Q2 2025 EPS estimates for shares of Meritage Homes in a note issued to investors on Tuesday, January 7th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $2.80 for the quarter, down from their previous forecast of $2.81. Wedbush has a "Neutral" rating and a $103.00 price target on the stock. The consensus estimate for Meritage Homes' current full-year earnings is $21.27 per share. Wedbush also issued estimates for Meritage Homes' Q4 2026 earnings at $3.74 EPS.

Meritage Homes (NYSE:MTH - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.15. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.58 billion. Meritage Homes had a net margin of 12.63% and a return on equity of 16.89%. Meritage Homes's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 earnings per share.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Meritage Homes from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. UBS Group dropped their target price on shares of Meritage Homes from $126.00 to $118.00 and set a "buy" rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods decreased their price target on Meritage Homes from $105.00 to $99.00 and set a "market perform" rating for the company in a report on Tuesday, November 5th. Raymond James downgraded Meritage Homes from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $98.50 target price (down previously from $110.00) on shares of Meritage Homes in a research report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $109.56.

Meritage Homes Trading Down 2.8 %

Shares of MTH traded down $2.16 during mid-day trading on Friday, reaching $74.07. 783,565 shares of the company were exchanged, compared to its average volume of 1,098,827. The business has a 50 day simple moving average of $89.53 and a two-hundred day simple moving average of $92.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market capitalization of $2.68 billion, a PE ratio of 3.35 and a beta of 1.82. Meritage Homes has a 52 week low of $73.05 and a 52 week high of $106.99.

Meritage Homes Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.50 annualized dividend and a yield of 2.03%. Meritage Homes's payout ratio is currently 13.58%.

Institutional Investors Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Meritage Homes by 4.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,763 shares of the construction company's stock worth $1,963,000 after purchasing an additional 534 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Meritage Homes by 9.4% during the third quarter. Principal Financial Group Inc. now owns 244,776 shares of the construction company's stock worth $50,196,000 after buying an additional 21,092 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Meritage Homes in the third quarter valued at $16,056,000. Castellan Group grew its holdings in shares of Meritage Homes by 5.0% during the third quarter. Castellan Group now owns 31,981 shares of the construction company's stock valued at $6,558,000 after buying an additional 1,516 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Meritage Homes during the third quarter worth about $230,000. Institutional investors own 98.44% of the company's stock.

About Meritage Homes

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.