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Meritage (MTH)
NYSE:MTH
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2Last Year’s EPS
3.16Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -5.85%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
Meritage Homes demonstrated strong sales performance and strategic growth in Q1 2025, despite facing macroeconomic challenges and a decrease in home closing revenue and margins. The company maintained its full-year guidance, reflecting confidence in its strategy and market position.Company Guidance
In the Meritage Homes First Quarter 2025 Analyst Call, the company provided forward-looking guidance, maintaining its full-year 2025 target of 16,250 to 16,750 home closings, translating to $6.6 billion to $6.9 billion in home closing revenue. For the second quarter, the guidance included home closings between 3,800 and 4,100 units, with projected home closing revenue of $1.5 billion to $1.65 billion and a gross margin around 21.5%. The company achieved a 14.5% return on equity as of March 31, 2025. Despite the challenging macroeconomic environment, Meritage's strategic focus on a 60-day move-in-ready inventory commitment and attractive financing incentives helped maintain a healthy absorption pace of 4.4 net sales per month. The company's confidence in achieving its guidance is supported by double-digit community count growth and the ability to maintain consistent sales volumes through strategic pricing and incentives.Strong First Quarter Home Sales
Meritage Homes sold almost 3,900 homes in Q1 2025, marking it the second-highest first quarter in company history with a backlog conversion rate reaching an all-time high of 221%.
Financial Performance and Margins
Q1 2025 home closing revenues reached $1.3 billion with a gross margin of 22%. Despite macroeconomic challenges, diluted EPS was $1.69, and book value per share increased by 11% year-over-year.
Community Expansion and Land Acquisition
Meritage Homes expanded its community count by 8% year-over-year and acquired 2,500 lots in Nashville, demonstrating strategic growth in high-demand areas.
Increased Shareholder Returns
The company increased its quarterly cash dividend by 15% year-over-year and repurchased over 600,000 shares, totaling $45 million in Q1 2025.
MTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $68.21 | $68.92 | +1.04% |
Jan 29, 2025 | $78.34 | $80.52 | +2.78% |
Oct 29, 2024 | $89.32 | $87.83 | -1.67% |
Jul 24, 2024 | $94.40 | $95.21 | +0.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Meritage (MTH) report earnings?
Meritage (MTH) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Meritage (MTH) earnings time?
Meritage (MTH) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTH EPS forecast?
MTH EPS forecast for the fiscal quarter 2025 (Q2) is 2.