Wedbush Comments on Meritage Homes’ Q2 Earnings (NYSE:MTH)

Meritage Homes Co. (NYSE:MTH) – Wedbush cut their Q2 2025 earnings per share estimates for Meritage Homes in a report issued on Tuesday, January 7th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $2.80 per share for the quarter, down from their prior forecast of $2.81. 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 $21.27 per share. Wedbush also issued estimates for Meritage Homes’ Q4 2026 earnings at $3.74 EPS.

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

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $98.50 target price (down previously from $110.00) on shares of Meritage Homes in a research report on Friday, December 13th. The Goldman Sachs Group upgraded shares of Meritage Homes from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $102.50 to $117.50 in a research report on Thursday, October 31st. Raymond James lowered Meritage Homes from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. StockNews.com upgraded Meritage Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Meritage Homes from $105.00 to $99.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.56.

Meritage Homes Price Performance

Meritage Homes stock opened at $76.12 on Friday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 3.45 and a beta of 1.82. The stock’s 50 day moving average is $89.53 and its 200-day moving average is $92.51. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. Meritage Homes has a 12 month low of $73.05 and a 12 month high of $106.99.

Hedge Funds Weigh In On Meritage Homes

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in Meritage Homes during the 3rd quarter worth approximately $28,000. Assetmark Inc. boosted its stake in Meritage Homes by 53.6% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 60 shares during the last quarter. Headlands Technologies LLC increased its holdings in Meritage Homes by 1,033.3% during the 2nd quarter. Headlands Technologies LLC now owns 272 shares of the construction company’s stock worth $44,000 after purchasing an additional 248 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Meritage Homes in the second quarter worth approximately $61,000. Finally, CWM LLC lifted its holdings in shares of Meritage Homes by 15.5% in the third quarter. CWM LLC now owns 433 shares of the construction company’s stock valued at $89,000 after purchasing an additional 58 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors.

Meritage Homes Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.50 dividend on an annualized basis and a yield of 1.97%. Meritage Homes’s payout ratio is currently 13.58%.

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.