Taylor Morrison Home Corp (NYSE:TMHC) Expected to Post Earnings of $0.51 Per Share

Equities analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to announce earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.57. Taylor Morrison Home reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The firm is scheduled to issue its next earnings report on Wednesday, May 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.44 to $3.42. For the next year, analysts expect that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.47 to $3.86. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, February 5th. The construction company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.08. Taylor Morrison Home had a return on equity of 12.86% and a net margin of 5.35%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis.

A number of brokerages have recently commented on TMHC. ValuEngine downgraded Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 26th. B. Riley lowered their price objective on Taylor Morrison Home from $33.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Barclays reissued a “hold” rating and set a $18.00 price objective on shares of Taylor Morrison Home in a research report on Tuesday, March 17th. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Taylor Morrison Home in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $20.75.

In other news, CAO Joseph Terracciano sold 3,259 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $26.48, for a total transaction of $86,298.32. Following the completion of the sale, the chief accounting officer now owns 1,752 shares in the company, valued at $46,392.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary H. Hunt sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.85, for a total value of $473,450.00. Following the sale, the director now owns 18,410 shares of the company’s stock, valued at approximately $512,718.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,107 shares of company stock valued at $2,810,087. 1.90% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Pacitti Group Inc. purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $28,000. Nisa Investment Advisors LLC raised its stake in shares of Taylor Morrison Home by 123.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,340 shares of the construction company’s stock worth $29,000 after purchasing an additional 740 shares during the last quarter. US Bancorp DE raised its stake in shares of Taylor Morrison Home by 54.1% during the fourth quarter. US Bancorp DE now owns 1,435 shares of the construction company’s stock worth $31,000 after purchasing an additional 504 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Taylor Morrison Home during the fourth quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC acquired a new position in Taylor Morrison Home during the third quarter worth $107,000. Institutional investors and hedge funds own 82.11% of the company’s stock.

Shares of Taylor Morrison Home stock opened at $11.92 on Tuesday. Taylor Morrison Home has a one year low of $6.39 and a one year high of $28.47. The company has a market cap of $1.62 billion, a PE ratio of 4.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.73 and a current ratio of 6.76. The business has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $23.42.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

Recommended Story: How can investors invest in the S&P/TSX Index?

Get a free copy of the Zacks research report on Taylor Morrison Home (TMHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Taylor Morrison Home (NYSE:TMHC)

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.