Wall Street brokerages expect Taylor Morrison Home Corp (NYSE:TMHC) to post earnings per share of $0.48 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.50. Taylor Morrison Home posted earnings per share of $0.46 in the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.51 to $2.76. For the next year, analysts anticipate that the firm will report earnings of $3.00 per share, with EPS estimates ranging from $2.77 to $3.50. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, May 2nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Taylor Morrison Home had a net margin of 3.24% and a return on equity of 7.23%. The company had revenue of $752.33 million during the quarter, compared to analysts’ expectations of $785.62 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Taylor Morrison Home’s quarterly revenue was down 2.2% compared to the same quarter last year.
Several research firms recently weighed in on TMHC. Royal Bank of Canada began coverage on shares of Taylor Morrison Home in a research report on Wednesday, June 27th. They issued a “sector perform” rating for the company. Barclays dropped their price objective on shares of Taylor Morrison Home from $28.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, March 26th. ValuEngine upgraded shares of Taylor Morrison Home from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Wells Fargo & Co set a $34.00 price objective on shares of Taylor Morrison Home and gave the stock a “buy” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.88.
Taylor Morrison Home opened at $20.78 on Monday, MarketBeat.com reports. Taylor Morrison Home has a 1 year low of $19.66 and a 1 year high of $28.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 7.28 and a quick ratio of 0.91. The company has a market capitalization of $2.33 billion, a PE ratio of 10.49, a PEG ratio of 0.68 and a beta of 1.39.
Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Taylor Morrison Home by 48.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the construction company’s stock valued at $164,000 after acquiring an additional 2,314 shares during the last quarter. Cambria Investment Management L.P. bought a new stake in shares of Taylor Morrison Home during the 1st quarter valued at $205,000. New York State Teachers Retirement System raised its position in shares of Taylor Morrison Home by 57.1% during the 1st quarter. New York State Teachers Retirement System now owns 9,900 shares of the construction company’s stock valued at $230,000 after acquiring an additional 3,600 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $251,000. Finally, Kendall Capital Management bought a new stake in shares of Taylor Morrison Home during the 4th quarter valued at $255,000. Institutional investors own 99.11% of the company’s stock.
Taylor Morrison Home Company Profile
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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