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Meritage Homes Corp (CH:MEY)
NYSE:MEY

Meritage (MEY) Price & Analysis

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MEY Stock Chart & Stats

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Bulls Say, Bears Say

Bulls Say
Balance Sheet LiquiditySubstantial cash balances, low net leverage and unused credit capacity give Meritage durable financial flexibility. This supports ongoing community openings, disciplined land purchases, and shareholder returns through downturns, reducing refinancing and liquidity risk over the medium term.
Scale And Backlog ConversionA record community footprint and exceptional backlog conversion indicate structural operating scale and strong underlying demand capture. Higher store count expands future build capacity and conversion efficiency, smoothing revenue generation and providing a platform for medium‑term growth as markets normalize.
Disciplined Land & Capital ReturnsLarge controlled lot supply and a shift toward off‑balance land structures reduce exposure to sudden land write‑downs and capital intensity. Coupled with recurring buybacks and a raised dividend, management demonstrates capital allocation discipline that can sustainably enhance per‑share economics if cash generation stabilizes.
Bears Say
Margin CompressionSignificant gross margin deterioration reflects higher incentives, elevated lot basis and lost operating leverage. Lower margins materially reduce profitability and return on equity; management expects margin relief only toward late 2027, implying prolonged margin pressure through the medium term.
Cash Conversion InstabilityWhile free cash flow recovered, operating cash conversion is inconsistent and has produced negative OCF in prior years. This volatility can constrain repeatable land investment, dividend and buyback sustainability, and leaves less buffer against cyclical downturns despite healthy headline cash balances.
Demand And Pricing PressureReduced absorption rates, lower ASPs and increased incentives signal softer end‑market demand and regional mix shifts toward lower‑ASP markets. Persistent pricing pressure requires higher volumes to restore SG&A and margin targets, making recovery dependent on a sustained demand improvement.

Meritage News

MEY FAQ

What was Meritage Homes Corp’s price range in the past 12 months?
Currently, no data Available
What is Meritage Homes Corp’s market cap?
Meritage Homes Corp’s market cap is CHF4.40B.
    When is Meritage Homes Corp’s upcoming earnings report date?
    Meritage Homes Corp’s upcoming earnings report date is Jul 29, 2026 which is in 26 days.
      How were Meritage Homes Corp’s earnings last quarter?
      Meritage Homes Corp released its earnings results on Apr 22, 2026. The company reported $0.663 earnings per share for the quarter, missing the consensus estimate of $0.753 by -$0.09.
        Is Meritage Homes Corp overvalued?
        According to Wall Street analysts Meritage Homes Corp’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
          Does Meritage Homes Corp pay dividends?
          Meritage Homes Corp does not currently pay dividends.
          What is Meritage Homes Corp’s EPS estimate?
          Meritage Homes Corp’s EPS estimate is 1.05.
            How many shares outstanding does Meritage Homes Corp have?
            Currently, no data Available
            What happened to Meritage Homes Corp’s price movement after its last earnings report?
            Meritage Homes Corp reported an EPS of $0.663 in its last earnings report, missing expectations of $0.753. Following the earnings report the stock price went same N/A.
              Which hedge fund is a major shareholder of Meritage Homes Corp?
              Currently, no hedge funds are holding shares in CH:MEY
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                Company Description

                Meritage Homes Corp

                Meritage Homes Corporation, alongside its associated companies, focuses on the design and construction of single-family residences throughout the United States. The enterprise operates primarily through two distinct divisions: home construction and financial services. Its core business involves acquiring and developing land, followed by the building, marketing, and selling of homes, predominantly targeting first-time buyers and those seeking their initial upgrade. Furthermore, the company provides its homebuyers with crucial services such as title insurance and support for closing and settlement processes. Meritage Homes constructs and sells properties under its own brand name across a wide geographic footprint, including Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee. The company was established in 1985 and has its corporate headquarters situated in Scottsdale, Arizona.

                Meritage (MEY) Earnings & Revenues

                MEY Company Deck

                MEY Earnings Call

                Q1 2026
                0:00 / 0:00
                Earnings Call Sentiment|Neutral
                The call presents a balanced picture: Meritage reported operational and financial headwinds in Q1 including top-line, margin and EPS declines driven by lower volume, increased incentives and lingering elevated land basis. Offsetting these weaknesses are several strategic and financial strengths — record community count, very strong backlog conversion, meaningful cost savings, substantial liquidity, disciplined land controls and an aggressive capital return program. Management is cautiously optimistic, scaling community expansion while prioritizing balance sheet strength and margin discipline. Near-term performance is pressured, but the company outlined a clear pathway (store count growth, lower finished-spec supply, direct cost improvements and automation) to recover margins and volume over time.View all CH:MEY earnings summaries

                MEY Stock 12 Month Forecast

                Average Price Target

                $61.21
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