Taylor Morrison Home (NYSE:TMHC) Issues Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Taylor Morrison Home (NYSE:TMHC) issued its quarterly earnings results on Tuesday. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18, Briefing.com reports. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year.

Taylor Morrison Home Stock Up 0.1 %

NYSE:TMHC opened at $56.05 on Thursday. The stock’s fifty day moving average price is $57.59 and its two-hundred day moving average price is $51.69. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $62.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 6.16. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 8.02 and a beta of 1.88.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 20,896 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $56.01, for a total value of $1,170,384.96. Following the transaction, the director now owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $56.04, for a total transaction of $1,871,736.00. Following the completion of the transaction, the director now owns 71,570 shares in the company, valued at approximately $4,010,782.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Lyon sold 20,896 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $56.01, for a total value of $1,170,384.96. Following the completion of the transaction, the director now owns 2,837,020 shares of the company’s stock, valued at approximately $158,901,490.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,537 shares of company stock valued at $36,409,767. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $55.00 price objective on shares of Taylor Morrison Home in a research note on Tuesday. Seaport Res Ptn lowered Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Zelman & Associates upgraded 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 issued a buy rating to the stock. According to data from MarketBeat, Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $58.20.

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