Q1 EPS Estimates for Meritage Homes Cut by BTIG Research

Meritage Homes Co. (NYSE:MTH) – Equities researchers at BTIG Research decreased their Q1 2025 earnings per share (EPS) estimates for shares of Meritage Homes in a note issued to investors on Tuesday, February 4th. BTIG Research analyst C. Reichardt now anticipates that the construction company will earn $1.73 per share for the quarter, down from their previous estimate of $1.79. The consensus estimate for Meritage Homes’ current full-year earnings is $10.52 per share.

Meritage Homes (NYSE:MTH) last issued 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 net margin of 12.29% and a return on equity of 15.90%.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $98.50 price target (down from $110.00) on shares of Meritage Homes in a report on Friday, December 13th. UBS Group reduced their price target on shares of Meritage Homes from $126.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Raymond James cut shares of Meritage Homes from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Saturday, January 11th. Finally, Wedbush reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Meritage Homes in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.25.

Meritage Homes Stock Performance

NYSE MTH opened at $76.45 on Friday. Meritage Homes has a 1-year low of $73.05 and a 1-year high of $106.99. The company has a 50 day moving average of $84.25 and a 200-day moving average of $91.86. The company has a current ratio of 1.61, a quick ratio of 1.75 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 5.85 and a beta of 1.88.

Hedge Funds Weigh In On Meritage Homes

Several large investors have recently modified their holdings of MTH. Edgestream Partners L.P. bought a new position in Meritage Homes during the 4th quarter worth $5,823,000. Raymond James Financial Inc. bought a new position in shares of Meritage Homes during the fourth quarter worth about $6,531,000. Proficio Capital Partners LLC acquired a new position in shares of Meritage Homes in the fourth quarter worth approximately $3,218,000. M&T Bank Corp boosted its holdings in Meritage Homes by 8.1% in the fourth quarter. M&T Bank Corp now owns 2,293 shares of the construction company’s stock valued at $353,000 after acquiring an additional 172 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in Meritage Homes by 17.0% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,481 shares of the construction company’s stock valued at $535,000 after purchasing an additional 506 shares during the period. Institutional investors own 98.44% of the company’s stock.

Meritage Homes Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.50 annualized dividend and a yield of 1.96%. Meritage Homes’s dividend payout ratio is presently 11.47%.

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.