Taylor Morrison Home Co. (NYSE:TMHC) Expected to Announce Quarterly Sales of $1.49 Billion


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Wall Street analysts expect Taylor Morrison Home Co. (NYSE:TMHC) to report sales of $1.49 billion for the current quarter, Zacks reports. Four analysts have made estimates for Taylor Morrison Home’s earnings. The lowest sales estimate is $1.47 billion and the highest is $1.52 billion. Taylor Morrison Home posted sales of $1.35 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 29th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year sales of $7.74 billion for the current fiscal year, with estimates ranging from $7.67 billion to $7.77 billion. For the next year, analysts expect that the business will report sales of $8.60 billion, with estimates ranging from $7.95 billion to $9.39 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Tuesday, February 9th. The construction company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.10). Taylor Morrison Home had a return on equity of 13.00% and a net margin of 3.37%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on TMHC shares. Janney Montgomery Scott started coverage on Taylor Morrison Home in a report on Thursday, January 21st. They set a “neutral” rating and a $30.00 target price for the company. Susquehanna lifted their target price on Taylor Morrison Home from $37.00 to $43.00 and gave the stock a “positive” rating in a report on Thursday, February 11th. KeyCorp assumed coverage on Taylor Morrison Home in a report on Monday, March 1st. They set a “sector weight” rating for the company. Susquehanna Bancshares boosted their price target on Taylor Morrison Home from $37.00 to $43.00 and gave the company a “positive” rating in a research note on Thursday, February 11th. Finally, Wolfe Research assumed coverage on Taylor Morrison Home in a research note on Monday, March 22nd. They issued a “peer perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Taylor Morrison Home currently has a consensus rating of “Buy” and an average price target of $34.20.

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 95,127 shares of Taylor Morrison Home stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $32.15, for a total value of $3,058,333.05. Following the transaction, the chief executive officer now owns 306,949 shares in the company, valued at $9,868,410.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William H. Lyon sold 14,000 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $32.05, for a total value of $448,700.00. Following the sale, the director now owns 182,570 shares in the company, valued at $5,851,368.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,780 shares of company stock worth $9,330,031. Company insiders own 1.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TMHC. US Bancorp DE grew its holdings in shares of Taylor Morrison Home by 20.1% during the fourth quarter. US Bancorp DE now owns 4,214 shares of the construction company’s stock worth $108,000 after purchasing an additional 704 shares during the last quarter. Neo Ivy Capital Management grew its holdings in shares of Taylor Morrison Home by 89.9% during the third quarter. Neo Ivy Capital Management now owns 6,606 shares of the construction company’s stock worth $162,000 after purchasing an additional 3,128 shares during the last quarter. JustInvest LLC bought a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $207,000. Guggenheim Capital LLC bought a new stake in Taylor Morrison Home in the third quarter valued at approximately $230,000. Finally, Cetera Advisor Networks LLC bought a new stake in Taylor Morrison Home in the fourth quarter valued at approximately $230,000. Institutional investors own 92.49% of the company’s stock.

Shares of TMHC traded up $1.04 during midday trading on Monday, reaching $31.64. 1,251,499 shares of the stock were exchanged, compared to its average volume of 1,230,252. Taylor Morrison Home has a twelve month low of $10.17 and a twelve month high of $32.68. The company has a quick ratio of 0.99, a current ratio of 7.19 and a debt-to-equity ratio of 0.90. The company has a market cap of $4.08 billion, a P/E ratio of 19.53 and a beta of 1.81. The stock’s 50 day simple moving average is $29.38 and its 200 day simple moving average is $26.83.

Taylor Morrison Home Company Profile

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; 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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