Meritage Homes (MTH) Projected to Post Quarterly Earnings on Wednesday

Meritage Homes (NYSE:MTH) is expected to be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 23rd. Analysts expect Meritage Homes to post 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 EPS for the quarter, beating the consensus estimate 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 Down 0.6 %

NYSE:MTH opened at $64.71 on Tuesday. Meritage Homes has a 1-year low of $59.27 and a 1-year high of $106.99. The company has a market capitalization of $4.65 billion, a PE ratio of 4.95 and a beta of 1.69. The firm’s 50-day moving average price is $70.39 and its 200-day moving average price is $81.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.61 and a quick ratio of 1.75.

Meritage Homes Increases Dividend

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

Insider Buying and Selling at Meritage Homes

In other Meritage Homes news, COO Clinton Szubinski sold 595 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $73.29, for a total transaction of $43,607.55. Following the completion of the sale, the chief operating officer now owns 30,547 shares of the company’s stock, valued at approximately $2,238,789.63. The trade was a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Steven J. Hilton acquired 11,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $74.51 per share, for a total transaction of $819,610.00. Following the purchase, the chairman now directly owns 811,192 shares of the company’s stock, valued at approximately $60,441,915.92. This trade represents a 1.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 1,683 shares of company stock valued at $122,547. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTH. Seaport Res Ptn upgraded Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 6th. StockNews.com downgraded shares of Meritage Homes from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. UBS Group decreased their target price 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. The Goldman Sachs Group cut their price target on shares of Meritage Homes from $117.50 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Wedbush reiterated a “neutral” rating and set a $103.00 target price on shares of Meritage Homes in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Meritage Homes presently has an average rating of “Hold” and a consensus target price 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.