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

Meritage Homes (NYSE:MTH) updated its first quarter 2025 earnings guidance on Friday. 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 Stock Down 2.3 %

Shares of MTH stock traded down $1.87 during trading on Friday, reaching $79.16. The company’s stock had a trading volume of 290,431 shares, compared to its average volume of 963,244. Meritage Homes has a 1-year low of $73.05 and a 1-year high of $106.99. The stock’s 50-day moving average price is $86.06 and its 200 day moving average price is $92.47. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 6.05 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.75.

Meritage Homes (NYSE:MTH) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.55 by $0.17. Meritage Homes had a net margin of 12.29% and a return on equity of 16.12%. On average, research analysts anticipate that Meritage Homes will post 10.52 EPS for the current year.

Meritage Homes Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, December 17th. Meritage Homes’s dividend payout ratio is presently 11.47%.

Wall Street Analyst Weigh In

Several research analysts have commented on MTH shares. UBS Group lowered their price target on shares of Meritage Homes from $126.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on shares of Meritage Homes from $105.00 to $99.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $98.50 price target (down from $110.00) on shares of Meritage Homes in a research note on Friday, December 13th. The Goldman Sachs Group lowered their price objective on Meritage Homes from $117.50 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, StockNews.com cut Meritage Homes from a “hold” rating to a “sell” rating in a research note on Saturday, January 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.38.

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.