Meritage Homes (NYSE:MTH) Issues Q3 2026 Earnings Guidance

Meritage Homes (NYSE:MTH) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.100-1.300 for the period, compared to the consensus earnings per share estimate of 1.470. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial set a $80.00 target price on shares of Meritage Homes and gave the company a “buy” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded Meritage Homes from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Meritage Homes from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research raised shares of Meritage Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $93.00 target price (up from $82.00) on shares of Meritage Homes in a research report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.25.

Meritage Homes Stock Performance

Shares of NYSE:MTH traded down $0.58 during trading on Friday, hitting $70.23. 1,078,755 shares of the company were exchanged, compared to its average volume of 862,489. The stock has a 50 day moving average of $73.76 and a 200 day moving average of $70.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.96. The company has a market cap of $4.68 billion, a PE ratio of 14.69, a P/E/G ratio of 3.14 and a beta of 1.35. Meritage Homes has a 52-week low of $58.03 and a 52-week high of $85.38.

Meritage Homes (NYSE:MTH) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. Meritage Homes had a net margin of 6.11% and a return on equity of 7.13%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm posted $2.04 earnings per share. The business’s quarterly revenue was down 14.1% on a year-over-year basis. As a group, equities research analysts predict that Meritage Homes will post 4.99 EPS for the current year.

Meritage Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 16th. Meritage Homes’s dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In related news, CAO Alison Sasser sold 1,273 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.11, for a total value of $79,066.03. Following the completion of the transaction, the chief accounting officer directly owned 7,634 shares in the company, valued at $474,147.74. This trade represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

Trending Headlines about Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

• Positive Sentiment: Second-quarter adjusted earnings were $1.42 per share, exceeding the $1.30 analyst consensus. The result reflected strong operational execution and better-than-expected earnings performance. Meritage Homes Surpasses Q2 Earnings Estimates
• Positive Sentiment: Management emphasized margin discipline and a strategic shift in its product mix, which could help protect profitability while the housing market faces softer demand. MTH Q2 Deep Dive
• Neutral Sentiment: The earnings call highlighted resilience and continued operational execution, but also acknowledged margin pressure and demand-related challenges that could make the recovery uneven. Meritage Homes Earnings Call
• Negative Sentiment: Second-quarter revenue was $1.41 billion, below the $1.43 billion consensus estimate and down 14.1% from the prior year. EPS also declined from $2.04 a year earlier, signaling weaker demand and profitability despite the quarterly earnings beat. Meritage Homes Q2 Earnings Call Highlights
• Negative Sentiment: Meritage Homes guided to third-quarter EPS of $1.10–$1.30, well below the $1.47 analyst consensus. The lowered outlook is likely the main catalyst for investor concern because it points to continued pressure on sales and margins.

Hedge Funds Weigh In On Meritage Homes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. raised its position in shares of Meritage Homes by 58.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,423,013 shares of the construction company’s stock valued at $95,299,000 after purchasing an additional 527,265 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Meritage Homes by 58.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,058,850 shares of the construction company’s stock valued at $75,051,000 after purchasing an additional 391,297 shares in the last quarter. Sophron Capital Management L.P. bought a new position in Meritage Homes during the second quarter valued at approximately $17,613,000. Millennium Management LLC raised its stake in Meritage Homes by 49.6% during the fourth quarter. Millennium Management LLC now owns 792,731 shares of the construction company’s stock valued at $52,162,000 after purchasing an additional 262,928 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Meritage Homes by 692.1% during the fourth quarter. Squarepoint Ops LLC now owns 214,796 shares of the construction company’s stock worth $14,134,000 after acquiring an additional 187,678 shares during the last quarter. 98.44% of the stock is owned by institutional investors.

Meritage Homes Company Profile

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single?family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high?performance features aimed at reducing long?term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.