Taylor Morrison Home (TMHC) Scheduled to Post Quarterly Earnings on Tuesday

Taylor Morrison Home (NYSE:TMHC) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a net margin of 10.37% and a return on equity of 16.21%. The business’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.93 earnings per share. On average, analysts expect Taylor Morrison Home to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Taylor Morrison Home Stock Up 1.6 %

TMHC stock opened at $55.09 on Tuesday. The company has a market cap of $5.86 billion, a P/E ratio of 7.89 and a beta of 1.87. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $62.64. The company’s 50-day moving average price is $57.36 and its 200 day moving average price is $51.02. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TMHC shares. Barclays lifted their target price on shares of Taylor Morrison Home from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. StockNews.com cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Royal Bank of Canada lifted their target price on shares of Taylor Morrison Home from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Seaport Res Ptn cut shares of Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.20.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the completion of the sale, the director now directly owns 71,570 shares in the company, valued at $4,010,782.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the completion of the sale, the director now directly owns 71,570 shares in the company, valued at $4,010,782.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Joseph Terracciano sold 724 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 613,537 shares of company stock valued at $36,409,767. Insiders own 5.20% of the company’s stock.

About Taylor Morrison Home

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 develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.