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

Meritage Homes Co. (NYSE:MTH - Free Report) - Research analysts at Wedbush decreased their Q2 2025 earnings estimates for Meritage Homes in a research report issued on Thursday, April 24th. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $2.02 per share for the quarter, down from their prior forecast of $2.05. Wedbush currently has a "Neutral" rating and a $103.00 target price on the stock. The consensus estimate for Meritage Homes' current full-year earnings is $9.44 per share. Wedbush also issued estimates for Meritage Homes' Q3 2025 earnings at $2.30 EPS, Q2 2026 earnings at $2.21 EPS and Q3 2026 earnings at $2.56 EPS.

Meritage Homes (NYSE:MTH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.02). The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. Meritage Homes had a net margin of 12.29% and a return on equity of 15.90%.

A number of other equities analysts have also weighed in on MTH. UBS Group lowered their price objective on Meritage Homes from $126.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on Meritage Homes from $117.50 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded Meritage Homes from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Seaport Res Ptn raised Meritage Homes from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Meritage Homes from $97.00 to $90.00 and set a "market perform" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Meritage Homes has a consensus rating of "Hold" and an average target price of $106.25.

Meritage Homes Stock Down 1.5 %

Shares of MTH opened at $67.92 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.61. Meritage Homes has a one year low of $59.27 and a one year high of $106.99. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 5.19 and a beta of 1.69. The stock has a 50 day moving average price of $69.96 and a 200 day moving average price of $80.94.

Institutional Investors Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Meritage Homes by 33.1% during the fourth quarter. JPMorgan Chase & Co. now owns 314,323 shares of the construction company's stock worth $48,349,000 after buying an additional 78,087 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Meritage Homes by 235.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 677 shares of the construction company's stock worth $104,000 after purchasing an additional 475 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Meritage Homes by 4.9% during the fourth quarter. New York State Common Retirement Fund now owns 14,589 shares of the construction company's stock worth $2,244,000 after purchasing an additional 679 shares in the last quarter. Sei Investments Co. boosted its position in Meritage Homes by 10.2% in the 4th quarter. Sei Investments Co. now owns 47,699 shares of the construction company's stock valued at $7,337,000 after buying an additional 4,397 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in Meritage Homes by 84.6% in the fourth quarter. Townsquare Capital LLC now owns 3,006 shares of the construction company's stock worth $462,000 after purchasing an additional 1,378 shares during the period. 98.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Meritage Homes

In other news, Chairman Steven J. Hilton bought 11,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $74.51 per share, with a total value of $819,610.00. Following the transaction, the chairman now directly owns 811,192 shares in the company, valued at approximately $60,441,915.92. This trade represents a 1.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Alison Sasser sold 676 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $72.03, for a total transaction of $48,692.28. Following the transaction, the chief accounting officer now owns 5,933 shares in the company, valued at $427,353.99. This represents a 10.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,683 shares of company stock valued at $122,547. Company insiders own 2.20% of the company's stock.

Meritage Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.43 per share. This is a boost from Meritage Homes's previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 17th. Meritage Homes's payout ratio is currently 13.16%.

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.

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