Wall Street analysts expect that Taylor Morrison Home Co. (NYSE:TMHC – Get Rating) will post earnings of $1.77 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Taylor Morrison Home’s earnings, with estimates ranging from $1.51 to $1.99. Taylor Morrison Home reported earnings per share of $0.95 during the same quarter last year, which suggests a positive year over year growth rate of 86.3%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $8.33 per share for the current year, with EPS estimates ranging from $8.03 to $8.74. For the next financial year, analysts forecast that the firm will post earnings of $8.83 per share, with EPS estimates ranging from $7.83 to $9.94. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC – Get Rating) last released its earnings results on Wednesday, April 27th. The construction company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.20. Taylor Morrison Home had a return on equity of 17.63% and a net margin of 8.84%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $0.75 EPS. Taylor Morrison Home’s quarterly revenue was up 20.1% on a year-over-year basis.
Shares of TMHC stock opened at $27.24 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.03 and a current ratio of 5.38. Taylor Morrison Home has a fifty-two week low of $22.64 and a fifty-two week high of $35.51. The stock has a 50 day simple moving average of $28.85 and a two-hundred day simple moving average of $30.55. The company has a market cap of $3.30 billion, a P/E ratio of 5.21 and a beta of 1.78.
In other news, Director Denise Warren sold 3,671 shares of the company’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $29.50, for a total value of $108,294.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 5,149 shares of company stock valued at $152,974 over the last quarter. Company insiders own 5.80% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in Taylor Morrison Home during the 4th quarter valued at about $26,000. Covestor Ltd purchased a new stake in Taylor Morrison Home during the 4th quarter valued at about $54,000. Geneos Wealth Management Inc. purchased a new stake in Taylor Morrison Home during the 3rd quarter valued at about $65,000. Counterpoint Mutual Funds LLC bought a new position in Taylor Morrison Home during the 1st quarter valued at approximately $80,000. Finally, US Bancorp DE raised its position in Taylor Morrison Home by 22.9% during the 3rd quarter. US Bancorp DE now owns 4,151 shares of the construction company’s stock valued at $107,000 after purchasing an additional 773 shares during the last quarter. 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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