Taylor Morrison Home Co. (NYSE:TMHC) Expected to Post Earnings of $1.77 Per Share

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.

A number of equities research analysts have commented on the company. Barclays cut Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Thursday, March 31st. StockNews.com began coverage on Taylor Morrison Home in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley decreased their price objective on Taylor Morrison Home from $45.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, April 6th. Zacks Investment Research upgraded Taylor Morrison Home from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their target price on 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.29.

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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