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