Taylor Morrison Home (TMHC) to Release Quarterly Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHCGet Rating) will release its earnings data before the market opens on Wednesday, April 27th. Analysts expect Taylor Morrison Home to post earnings of $1.24 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHCGet Rating) last posted its quarterly earnings results on Tuesday, February 8th. The construction company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.10. Taylor Morrison Home had a net margin of 8.84% and a return on equity of 17.63%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the firm posted $0.87 EPS. Taylor Morrison Home’s revenue was up 60.9% compared to the same quarter last year. On average, analysts expect Taylor Morrison Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of NYSE:TMHC opened at $27.75 on Wednesday. The company has a current ratio of 5.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $29.12 and its two-hundred day simple moving average is $30.53. Taylor Morrison Home has a 1-year low of $22.64 and a 1-year high of $35.51. The stock has a market cap of $3.37 billion, a PE ratio of 5.31 and a beta of 1.78.

A number of research analysts have weighed in on TMHC shares. Zacks Investment Research lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. StockNews.com initiated coverage on Taylor Morrison Home in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley lowered their target price on shares of Taylor Morrison Home from $45.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 6th. Credit Suisse Group assumed coverage on shares of Taylor Morrison Home in a research note on Tuesday, April 5th. They set a “neutral” rating and a $32.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Taylor Morrison Home from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.25.

In related news, Director Denise Warren sold 3,671 shares of the firm’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $29.50, for a total transaction of $108,294.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 5,149 shares of company stock valued at $152,974. Corporate insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in Taylor Morrison Home by 5.2% during the fourth quarter. Mackenzie Financial Corp now owns 10,677 shares of the construction company’s stock worth $373,000 after purchasing an additional 532 shares during the period. Stifel Financial Corp increased its stake in Taylor Morrison Home by 12.3% during the 4th quarter. Stifel Financial Corp now owns 9,473 shares of the construction company’s stock worth $331,000 after buying an additional 1,037 shares during the period. Parametric Portfolio Associates LLC increased its stake in Taylor Morrison Home by 0.9% during the 4th quarter. Parametric Portfolio Associates LLC now owns 756,605 shares of the construction company’s stock worth $26,451,000 after buying an additional 6,764 shares during the period. Wells Fargo & Company MN grew its holdings in Taylor Morrison Home by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 211,943 shares of the construction company’s stock worth $7,410,000 after acquiring an additional 11,220 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Taylor Morrison Home by 22.6% in the 4th quarter. Barclays PLC now owns 337,032 shares of the construction company’s stock valued at $11,783,000 after buying an additional 62,231 shares in the last quarter. Hedge funds and other institutional investors own 93.51% of the company’s stock.

About Taylor Morrison Home (Get Rating)

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services.

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Earnings History for Taylor Morrison Home (NYSE:TMHC)

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