Media stories about Taylor Morrison Home Corp (NASDAQ:TMHC) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Taylor Morrison Home Corp earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 45.6119722743291 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded up 0.13% during midday trading on Thursday, hitting $22.92. 517,852 shares of the stock traded hands. Taylor Morrison Home Corp has a 52 week low of $16.37 and a 52 week high of $24.79. The company has a market capitalization of $1.66 billion and a price-to-earnings ratio of 13.80. The firm’s 50-day moving average is $21.81 and its 200 day moving average is $22.63.
Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The firm had revenue of $908.49 million during the quarter, compared to the consensus estimate of $849.70 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Taylor Morrison Home Corp will post $1.90 earnings per share for the current year.
Taylor Morrison Home Corp declared that its board has initiated a stock buyback plan on Monday, September 18th that allows the company to buyback $43.60 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub upgraded shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Deutsche Bank AG raised their price objective on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.00.
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In other news, insider C. David Cone sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.83, for a total transaction of $456,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
About Taylor Morrison Home Corp
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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