Taylor Morrison (NYSE:TMHC) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 25th. Analysts expect Taylor Morrison to post earnings of $0.40 per share for the quarter.
Taylor Morrison (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.70 by $0.07. Taylor Morrison had a net margin of 2.36% and a return on equity of 5.76%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect Taylor Morrison to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Taylor Morrison stock opened at $23.82 on Wednesday. The company has a current ratio of 7.73, a quick ratio of 1.55 and a debt-to-equity ratio of 0.64. Taylor Morrison has a 52-week low of $19.68 and a 52-week high of $28.42. The company has a market capitalization of $2,593.22, a PE ratio of 12.03, a PEG ratio of 0.74 and a beta of 1.42.
Taylor Morrison declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 3rd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of research analysts have recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $27.00 price objective on shares of Taylor Morrison in a research report on Friday, January 12th. Barclays set a $27.00 price objective on shares of Taylor Morrison and gave the stock a “hold” rating in a research report on Monday, January 8th. Susquehanna Bancshares raised shares of Taylor Morrison from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. UBS raised shares of Taylor Morrison from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Taylor Morrison currently has a consensus rating of “Buy” and an average target price of $28.00.
In other Taylor Morrison news, insider Joseph Terracciano sold 5,788 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $23.97, for a total transaction of $138,738.36. Following the sale, the insider now owns 4,168 shares of the company’s stock, valued at approximately $99,906.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.
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About Taylor Morrison
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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.
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