Taylor Morrison Home Corp (TMHC) Expected to Announce Earnings of $0.48 Per Share

Analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to report $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Taylor Morrison Home’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.76. Taylor Morrison Home posted earnings per share of $0.77 in the same quarter last year, which would indicate a negative year-over-year growth rate of 37.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.40. For the next financial year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.55 to $3.08. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year.

Several analysts have issued reports on TMHC shares. Barclays cut shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and lowered their target price for the stock from $22.00 to $20.00 in a research note on Friday, September 14th. ValuEngine raised shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Deutsche Bank lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $14.00 in a report on Monday, October 22nd. Citigroup reissued a “buy” rating and issued a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Finally, Wells Fargo & Co set a $24.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.78.

Large investors have recently modified their holdings of the company. Commonwealth Bank of Australia bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $137,000. Rehmann Capital Advisory Group grew its holdings in shares of Taylor Morrison Home by 1,703.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock valued at $309,000 after purchasing an additional 5,265 shares during the last quarter. GAM Holding AG bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $318,000. SG Americas Securities LLC grew its holdings in shares of Taylor Morrison Home by 57.5% during the 2nd quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock valued at $341,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Taylor Morrison Home by 82.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock valued at $382,000 after purchasing an additional 9,562 shares during the last quarter. 93.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE TMHC traded down $0.54 on Friday, hitting $16.63. The stock had a trading volume of 2,730,360 shares, compared to its average volume of 1,181,114. Taylor Morrison Home has a 52-week low of $14.73 and a 52-week high of $28.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.40, a P/E/G ratio of 0.80 and a beta of 1.29.

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.

Featured Article: What are trading strategies for the 52-week high/low?

Get a free copy of the Zacks research report on Taylor Morrison Home (TMHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Taylor Morrison Home (NYSE:TMHC)

Receive News & Ratings for Taylor Morrison Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Morrison Home and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply