Taylor Morrison Home Co. (NYSE:TMHC) Forecasted to Earn Q3 2022 Earnings of $2.15 Per Share

Taylor Morrison Home Co. (NYSE:TMHCGet Rating) – Analysts at Wedbush upped their Q3 2022 EPS estimates for shares of Taylor Morrison Home in a report released on Wednesday, April 27th. Wedbush analyst J. Mccanless now expects that the construction company will earn $2.15 per share for the quarter, up from their previous estimate of $2.02. Wedbush also issued estimates for Taylor Morrison Home’s Q4 2022 earnings at $3.69 EPS, Q2 2023 earnings at $1.92 EPS and Q4 2023 earnings at $3.91 EPS.

Other research analysts have also issued reports about 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 on the stock in a research note on Wednesday, April 6th. Credit Suisse Group started coverage on Taylor Morrison Home in a research report on Tuesday, April 5th. They issued a “neutral” rating and a $32.00 price target on the stock. StockNews.com initiated coverage on Taylor Morrison Home in a research report on Thursday, March 31st. They set a “hold” rating for the company. BTIG Research lowered their target price on Taylor Morrison Home from $40.00 to $35.00 in a report on Thursday. Finally, Barclays lowered Taylor Morrison Home from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $33.00 in a report on Thursday, March 31st. 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.com, the company currently has a consensus rating of “Hold” and a consensus price target of $33.29.

NYSE:TMHC opened at $27.24 on Friday. The company’s 50 day moving average is $28.85 and its 200-day moving average is $30.55. The company has a quick ratio of 1.03, a current ratio of 5.38 and a debt-to-equity ratio of 0.83. Taylor Morrison Home has a 12 month low of $22.64 and a 12 month high of $35.51. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 5.21 and a beta of 1.78.

Taylor Morrison Home (NYSE:TMHCGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The construction company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.20. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. Taylor Morrison Home had a return on equity of 17.63% and a net margin of 8.84%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS.

Several large investors have recently added to or reduced their stakes in TMHC. Apollo Management Holdings L.P. bought a new position in shares of Taylor Morrison Home during the 3rd quarter worth approximately $47,248,000. William Blair Investment Management LLC lifted its holdings in shares of Taylor Morrison Home by 51,216.4% during the third quarter. William Blair Investment Management LLC now owns 1,747,323 shares of the construction company’s stock valued at $45,046,000 after acquiring an additional 1,743,918 shares during the period. Norges Bank acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at $43,125,000. Artemis Investment Management LLP bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth about $11,867,000. Finally, Panagora Asset Management Inc. increased its position in shares of Taylor Morrison Home by 130,295.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 281,654 shares of the construction company’s stock worth $7,261,000 after purchasing an additional 281,438 shares in the last quarter. 93.51% of the stock is owned by institutional investors.

In other news, Director Denise Warren sold 3,671 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $29.50, for a total transaction of $108,294.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 5,149 shares of company stock valued at $152,974 in the last quarter. Corporate insiders own 5.80% 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 and Estimates for Taylor Morrison Home (NYSE:TMHC)

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