Taylor Morrison Home (NYSE:TMHC) Posts Earnings Results, Beats Estimates By $0.31 EPS

Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings data on Wednesday. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31, Briefing.com reports. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS.

Taylor Morrison Home Stock Up 1.7 %

Shares of NYSE TMHC opened at $68.36 on Friday. The firm has a market capitalization of $7.23 billion, a PE ratio of 9.78 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 1 year low of $37.23 and a 1 year high of $71.95. The firm’s 50-day moving average is $67.44 and its 200-day moving average is $61.57.

Insider Activity

In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the transaction, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMHC. Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and set a $85.00 target price for the company in a research report on Friday. Barclays increased their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Raymond James began coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 target price for the company. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.83.

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