Meritage Homes (MTH) Projected to Post Earnings on Wednesday

Meritage Homes (NYSE:MTH) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.75 per share and revenue of $1.34 billion for the quarter.

Meritage Homes (NYSE:MTH) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.55 by $0.17. Meritage Homes had a return on equity of 15.90% and a net margin of 12.29%. On average, analysts expect Meritage Homes to post $9 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Meritage Homes Stock Performance

Shares of MTH stock opened at $64.71 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.61. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 4.95 and a beta of 1.69. The firm’s 50-day simple moving average is $70.39 and its two-hundred day simple moving average is $81.75. Meritage Homes has a 52 week low of $59.27 and a 52 week high of $106.99.

Meritage Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Meritage Homes’s previous quarterly dividend of $0.38. This represents a $1.72 annualized dividend and a yield of 2.66%. Meritage Homes’s dividend payout ratio is 13.16%.

Insider Buying and Selling

In other Meritage Homes news, CAO Alison Sasser sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $72.03, for a total value of $48,692.28. Following the completion of the sale, the chief accounting officer now owns 5,933 shares of the company’s stock, valued at $427,353.99. This represents a 10.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Steven J. Hilton purchased 11,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $74.51 per share, for a total transaction of $819,610.00. Following the completion of the purchase, the chairman now directly owns 811,192 shares of the company’s stock, valued at approximately $60,441,915.92. This represents a 1.37 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 1,683 shares of company stock worth $122,547. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MTH. StockNews.com downgraded shares of 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 report on Thursday, March 6th. The Goldman Sachs Group reduced their target price on Meritage Homes from $117.50 to $100.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wedbush restated a “neutral” rating and issued a $103.00 price objective on shares of Meritage Homes in a research report on Tuesday, February 4th. Finally, UBS Group decreased their target price on shares of Meritage Homes from $126.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Meritage Homes has a consensus rating of “Hold” and an average price target of $106.25.

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.